FCRM Investigations and Reporting Analyst II

Work Arrangement: 

***After the initial training period, this is a hybrid role, working onsite in our Wilmington, DE office.***

Conducts investigations into bank customers, analyze transactional activities, and perform relevant research to support Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Anti-Fraud initiatives. Documents findings thoroughly, including preparing Suspicious Activity Reports (SARs) and escalating cases to appropriate government enforcement agencies, as necessary.

Essential Functions

1. Conducts financial forensic investigations on complex scenarios involving potential money laundering, fraud, identity theft and other scenarios involving complex transaction patterns, including those derived from internal escalations, referrals from business lines, law enforcement requests, and department intelligence.
2. Determines and pursues the best investigative approach for each unique case, ensuring material risk factors are addressed in compliance with AML department policies and regulatory expectations.
3. Writes and prepares Suspicious Activity Reports (SAR), following established regulatory guidelines and time frames.
4. Documents steps taken through the investigation escalation process through supporting research and data.
5. Communicates findings, status, open issues, and other AML-related items to management regularly.
6. Interfaces with internal and external partners to obtain information via Requests for Information (RFIs) or 314(b) inquiries, as needed, on questionable transaction activity and maintain tracking of the same throughout response period.
7. Escalates and coordinates cases with law enforcement as applicable. Obtains information and assistance from law enforcement agencies, peer banks, and other external groups on AML issues and cases.
8. Works closely with internal groups to ensure understanding of SAR and investigative requirements, presenting summaries and metrics during group sessions or meetings with management as needed.
9. Provides feedback, input, and suggestions regarding financial crimes risk management, acting as a subject matter expert on the operations and processes to improve function effectiveness, and owning improvements during implementation.
10. Coaches and trains other members of the team as needed.
11. Performs other duties as assigned.

Education/Experience Requirements

• Undergraduate degree in a related field preferred. Otherwise, a non-related undergraduate degree and combination of training and experience will be considered.
• 5 years of transaction monitoring, KYC, sanctions, fraud, or investigative experience in BSA/AML.
• Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements.

Preferred Requirements

• Extensive working knowledge of BSA/AML and KYC rules and regulations with focused exposure to drafting and preparing Suspicious Activity Reports (SARs).
• Excellent verbal, written, and interpersonal communication skills.
• Able to produce high quality results in a production driven environment.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information: click here

Diversity & Inclusion at The Bancorp Bank: click here

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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