Financial Crimes BSA​/AML Investigator

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Job Description

At Regions, the Financial Crimes Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Investigator completes thorough Financial Crimes Unit (FCU) BSA/AML investigations of potentially suspicious activities including money laundering, terrorist financing, fraud, and other financial crimes. Associates at this level are considered analytical or procedural experts capable of making and supporting difficult decisions and making suggestions for overall process improvements, when necessary. The day-to-day focus of this role is on resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines, or processes.

• Performs a variety of highly complex investigative functions to assist FCU BSA/AML with compliance of all Anti-Money Laundering program requirements
• Takes responsibility for investigating suspicious activity, reporting money laundering, terrorist financing, and other illicit activities
• Prepares comprehensive detailed narratives summarizing the analysis of investigations and reviews all cases for completeness and accuracy
• Determines whether a suspicious activity report (SAR) is required to be filed
• Ensures compliance with approved policies and procedures related to BSA/AML including case documentation
• Offers advice and guidance to junior investigators, assisting in the development of necessary skills and the promotion of continuous improvement initiatives
• Leads projects that contribute to workflow or process change and redesign
• Quickly and confidently identify trends and patterns of activity which fall outside the bank’s collected EDD/KYC records
• Identify trends and changes in financial activity indicating fraud or money laundering
• May work with local and federal law enforcement partners for case resolution

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

• Bachelor’s degree and five (5) years of Financial Crimes/BSA/AML, financial investigations or loss prevention/fraud experience
• Or High School Diploma or GED and nine (9) years of Financial Crimes/BSA/AML, financial investigations or loss prevention/fraud experience
• Advanced knowledge of Private Banking, Wire Transfers, BSA/AML, OFAC, and FinCEN related laws and regulations
• Advanced knowledge of AML laws (e.g. USA Patriot Act), regulations (e.g. Federal, SEC, FINRA), and their applications to the supported products/LOBs
• Experience with search engines, open-source data, case management systems, databases, and similar automation platforms

• Bachelor's degree in Business, Criminal Justice, Finance, or other related field
• Advanced financial investigations experience in Financial Crimes/BSA/AML, fraud, law enforcement, or corporate security
• Previous experience in other FCU BSA/AML areas is a plus
• Experience analyzing complex customer financial activity
• Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), or other applicable certifications

• Ability to manage multiple…