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Hancock Whitney · 1 month ago

Summer Intern- Bank Secrecy Act

New Orleans, LA

Internship

Onsite

Intern

Hancock Whitney is a financial institution that is seeking an Intern for the Bank Secrecy Act Analyst position. The intern will assist in monitoring and reporting customer and transaction information in accordance with regulatory requirements, while gaining hands-on knowledge of banking operations and compliance processes.

BankingFinancial Services

No H1B

Responsibilities

Examines system generated reports to determine if situations meet the established criteria for filing of CTR’s or recordkeeping requirements

Conducts analysis on transactional data to make determinations of irregular activity through understanding of industry norms, historical customer activity and regulatory definitions of suspicious activity

Conducts investigations of suspect account activity using the Bank’s resources (i.e., system software, reports, databases, and system applications)

Reviews Customer Identification Program (CIP) exception reports and automated verification alerts to determine if exceptions to regulatory requirements and/or Bank policy have occurred, distributes notification of exceptions to responsible bank associates, and monitors responses to insure timely and effective resolution of exceptions

Reviews system generated alerts and referrals from Operating Units of the bank involving customers and transactions that may represent violations of OFAC sanctions and other watch lists utilized by the bank, and refers potential risk issues to management for further action

Participates in meetings with management to learn about the company's objectives and processes

Proactively seeks knowledge and mentorship from team members and leaders to develop a thorough understanding of banking products, services, programs and systems

Responsible for participating in the development, planning, or execution of assigned projects or programs

Supports team members with scheduled daily tasks, reporting and ad hoc requests

Provides administrative support by preparing executive summary reports, proposals, presentations, or related tasks

Participates in special projects or other assignments, as needed, to support the department

Participates in the department's various continuous improvement initiatives