Financial Crimes Investigator I

Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central, Eastern and Northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets. Job Title: Financial Crimes Investigator I FLSA Status: Exempt Department: Financial Crimes Hours of Operation: Monday - Friday 8:00-6:00 + Weekend Rotation (on call) General Job Summary As a Financial Crimes Investigator, you will perform AML and/or Fraud alert/case reviews, seeking to minimize risks associated with financial crimes and suspicious activity. Organizational Duties And Responsibilities Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.Supports all functions that maintain compliance with regulatory agencies. Essential Duties And Responsibilities Responsible for researching, analyzing and investigating potentially suspicious activity related to money laundering and terrorist financing and other forms of financial crime from system generated alerts and internal referrals to ensure suspicious transactions are identified within specified timeframes and escalated for further review as necessaryConducts comprehensive case investigations which includes analyzing transaction information, reviewing customer data, researching open source and media checks, and recommending a SAR or no SAR be filedPrepares quality investigative documentation which includes detailed case notes and attachments of internal and external researchConducts ongoing monitoring and reviews on customers deemed high-risk and escalates suspect activity to management as neededRecommends and implements risk mitigation strategies aimed at protecting the bank and customers from financial lossPerforms recovery-related tasks and communicationsMaintains all client, system, investigation, and departmental information in a confidential and compliant manner Other Functions Assists the Financial Crimes Manager with ongoing financial crime issues and inquiriesCommunicates with branch staff, other internal departments, and customers to obtain additional information and documentation as neededOther Duties as assigned Minimum Job Requirements Education: High School Diploma or GED Equivalent, College Degree preferred Experience Minimum 2 years of banking experience; or equivalent combination of education and financial industry experienceMinimum 1 year of current financial crime investigations or monitoring preferred Specific Skills Knowledge of AML/CFT and related regulations governing bankingHigh degree of accuracy and attention to detailAbility to function in a multi-task environmentCapability to communicate and collaborate with all levels of management and employeesStrong planning and organizational skills; must demonstrate good analytical and problem-solving skills in an ever-changing environmentStrong PC skills (Excel and Word)Sound judgment and decision-makingAbility to define problems and propose solutionsAbility to work independently with limited direction from supervisorAbility to maintain a high level of confidentiality Specialized: Ability to navigate AML software and its related functions Licenses: CAMS, CFE, CAFP or similar desired Physical Requirements The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Primarily sedentary work performed in an office environmentAbility to sit for extended periods of time while working at a computerFrequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipmentAbility to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in personVisual acuity sufficient to read computer screens, printed documents, and financial dataOccasional standing, walking, bending, or reachingAbility to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies) Benefits 401(K) with a company match of up to 6%ESOP employer matchMedical insuranceDental insuranceVision insuranceCancer/Disease insuranceAccident insuranceFlexible Spending AccountsFlexible Savings AccountsHealth Savings AccountsBank paid Life/AD&D insuranceVoluntary Life/AD&D insuranceBank paid Short-Term and Long-Term Disability insuranceEmployee Stock Purchase PlanEmployee Assistance Program