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WaFd Bank · 1 day ago

BSA AML SAR Investigator

Boise Campus

Full-time

Onsite

Entry, Mid Level

1+ years exp

WaFd Bank is seeking a BSA AML SAR Investigator to perform investigations related to suspicious account activities and ensure compliance with federal regulations. The role involves conducting research, documenting findings, and filing Suspicious Activity Reports as necessary.

BankingFinanceFinancial Services

Responsibilities

Conduct research over available Bank systems, the Internet and Commercial Databases consistent with the resolution of case reviews and investigations

Collect and examine financial statements and documents to assist in identifying unusual transaction patterns

Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. media search results, copies of statements/checks, results from internal system searches etc.)

Perform sanctions screening for customers and incoming and outbound payments

Investigate sanctions issues and provide recommendations as necessary

Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements

Recommend relationship retention or termination and track account closures as required

Adherence to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations

Qualification

AML experienceSAR draftingTransaction monitoringACAMS certificationMoney laundering lawsResearch skillsAnalytical skillsEffective writingCommunication skills

Required

Bachelor of Science or Bachelor of Arts degree

One (1) to three (3) years of related experience -- AML, transaction monitoring, alert clearing, escalation investigations, and SAR drafting. May also have relevant experience in areas such as risk, operations, and audit

Knowledge of common money laundering methods and trends

Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements

Research skills including experience with online search tools

Knowledge of transaction monitoring systems and applicable rules

Effective writing, analytical, and communications skills