BSA/AML Investigator I

About the role

The BSA/AML Investigator I position at F&M Bank is responsible for ensuring strict adherence to the Bank's policies and procedures while adhering to federal/state regulatory requirements, focusing on comprehensive anti-money laundering and BSA investigations.

Responsibilities

• Affirmatively assist with high-risk customer reviews, including Cash Secured Loan reviews, Money Service Business reviews, CTR Exemption research, Political Campaign and Political Action Committee account reviews, and research and write reports as required.
• Investigate suspicious activity, manage the investigative process from initial detection to disposition, thoroughly and timely review reports and bank records, and provide case findings to the BSA/Fraud Department Manager for concurrence and/or feedback.
• Evaluate, recommend, and implement changes to work processes to increase department efficiency, using automated systems when appropriate.
• Maintain current desk procedures and coordinate information/changes with the appropriate Bank personnel and customers.
• Prioritize work assignments with changing priorities, demonstrate independent judgment, initiative, and tact, and maintain a professional, business-like demeanor.
• Maintain strict confidentiality and possess excellent organizational skills.

Requirements

• Minimum of 3 years experience specializing in banking, financial management, and BSA/AML.
• Proven knowledge of all applicable federal and state laws/regulations pertaining to BSA/AML, USA Patriot Act, and OFAC.
• Certified Anti-money Laundering Specialist Certification (CAMS) preferred but not required.
• Bachelor’s degree in Business or related field is preferred but not required.
• Successful completion of a credit check review is a condition of employment.
• Excellent organizational skills and special skills such as Internet Banking, Personal Computer use, Word Processing, E-mail, EXCEL, Access, and Data Entry.

Qualifications

This position requires the incumbent to have the ability to effectively prioritize work assignments with changing priorities, exercise independent judgment, initiative, and tact in dealing with management, supervisors, staff, and the general public, and maintain strict confidentiality.