BSA Specialist I – Alerts Team

About the Company

Wintrust provides community and commercial banking, specialty finance, and wealth management services through its 16 bank charters and nine non-bank businesses. Delivering the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots, Wintrust serves clients in all 50 states with over 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan, and southern Wisconsin, as well as commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and key branch banking locations throughout Illinois. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and is listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Why Join Us

• An award-winning culture, rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years).
• Competitive pay and discretionary or incentive bonus eligible.
• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match, and tuition reimbursement.
• Promote-from-within culture with an entrepreneurial environment and opportunities for growth.

About the Role

The BSA Specialist for the Suspicious Activity Monitoring (“SAM”) Alerts team is responsible for the enterprise-wide review of automated and ad-hoc alert monitoring. This position supports the overall BSA compliance efforts as required under the Bank Secrecy Act, the USA Patriot Act, and the Bank’s BSA/AML/OFAC Compliance Program and Procedures. The BSA Specialist monitors and maintains email communications with various lines of business regarding alerted activity and ensures the information received is documented. Referrals for unusual activity from all lines of business, incoming 314b requests, legal requests, and law enforcement requests are vetted by the BSA Specialist.

Responsibilities

• Review and analyze BSA monitoring alerts from both system and special reports to identify unusual activity patterns in customer activity as it relates to BSA red flags.
• Conduct research using available bank systems to assist in the completion of the review.
• Provide clear and accurate assessment of the review with corresponding documentation for each of the dispositions.
• Conduct secondary review of alerts to determine if a case should be created for further review by Investigations or if the alert can be waived as not suspicious.
• Review and analyze legal requests, unusual activity reports, 314b requests, and fraud reports from the front line.
• Communicate internally to all lines of business to obtain additional information, and upon receipt, document to complete analysis.
• Attend BSA training sessions and professional development.

Requirements

• 2–3 years of banking experience and 1–2 years of BSA experience.
• Working knowledge of various laws, regulations, and guidance as it relates to BSA, AML, and OFAC.
• Strong communication, problem-solving, and time management skills.
• Ability to work in a fast-paced environment.
• Bachelor’s degree is preferred.

Benefits

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Life Insurance
• Accidental Death and Dismemberment Insurance
• Short-term and Long-term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance

Pay

The estimated hourly rate for this role is $24.04–$31.25, along with eligibility to earn an annual bonus. Actual pay rate may vary based on several factors, such as a candidate’s qualifications, skills, and experience.