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MVB Bank · 19 hours ago

Sr FinCrime Analyst

United States

Full-time

Remote

Senior Level

7+ years exp

MVB Bank is a financial holding company that provides services to individuals and corporate clients in the Mid-Atlantic region and beyond. The Senior FinCrime Analyst will support all aspects of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance program, conducting investigations and ensuring regulatory compliance across various customer segments.

BankingCommercial LendingEmployee BenefitsFinancial ServicesFinTechWealth Management

Responsibilities

Support daily activities related to all aspects of the corporate-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML) programs

Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures

Assist with daily reviews, monitoring and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity

Manage EDD case assignments for High, Medium, and Low risk clients as assigned by management and in accordance with internal guidelines and SLAs

Conduct periodic reviews on various entity types, the majority of which are within the Core Banking line of business, with ability to assist with Fintech client reviews

Work cases in accordance with procedures, SLAs, and quality standards

Apply analytical skills to obtain an in-depth understanding of business documentation for various business types

Monitor AML/fraud alerts daily and take necessary action to protect customers and the Bank

Review system-generated and manual alerts related to money laundering, terrorist financing, and fraud and follow procedures to document decisions and actions taken

Assist in or lead investigations and evaluate customer transaction activity to make informed decisions and prepare reports as necessary

Investigate and document unusual and/or suspicious activity which would lead to filing of a Suspicious Activity Report (SAR)

Review matches returned from Watchlist screening (OFAC, PEP, etc.)

Conduct comprehensive quality reviews of work performed by the EDD and FIU teams to ensure reviews are completed in accordance with regulations as well as MVB internal policies

Perform quality control processes related to watchlist monitoring, CTRs, alert/case investigations, and SARs to ensure adherence to regulatory guidelines and internal policies

Cross-train in all areas of the BSA/AML program, including Core and Fintech customers, and fraud within BSA program processes

Maintain knowledge in all areas of the BSA/AML program to ensure comprehensive understanding across all functions

Act as a BSA, AML, and OFAC subject matter expert to identify process improvements and respond to inquiries from internal business partners

Stay up to date on changes in regulatory guidelines and industry best practices related to OFAC and AML procedures

Act as a senior team member in leading investigations and discussions as needed

May participate in cross-department projects involving BSA/AML/OFAC, up to an including the development and facilitation of department wide training, user acceptance testing of new technology, and model performance evaluations

Qualification

BSA/AML complianceFinancial crime investigationCAMS certificationAML software proficiencyBanking operations knowledgeAnalytical thinkingAttention to detailEffective communicationTime managementInterpersonal skills