BSA AML Enhanced Due Diligence Analyst I

This position is located at our Sioux Falls, SD Downtown branch.
What’s Important to You
We know your career is just one aspect of a meaningful, complex, and demanding life. That’s why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.

• Generous Paid Time Off (PTO) in addition to paid federal holidays.
• Child Care Assistance Program for eligible dependent(s).
• Exercise reimbursement program for employees.
• The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve and why we want YOU to be a part of it.

We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate.
SUMMARY
Responsible for fulfilling the Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) requirements through enhanced evaluation, identification, and research of relationships and transactions of both new and existing accounts.Responsibilities include performing initial customer due diligence (CDD) reviews, initial and/or periodic enhanced due diligence (EDD) reviews of the bank's customers/clients that are deemed higher risk for money laundering and/or terrorist financing and analyzing alerts to help identify higher risks. Partner with other financial crimes compliance departments and business lines to complete due diligence review and report details as needed to appropriate areas.
ESSENTIAL DUTIES AND RESPONSIBILITIES

• Conducts and completes EDD reviews for Higher Risk Clients in a timely manner consistent with FIB’s policies and procedures.
• Collects and obtains documentation on High-Risk Clients from applicable departments including but not limited to: Retail, Commercial Lending, Treasury Management, Operations, Wealth Management.
• Performs transaction analysis of customer activity in the Bank’s AML system for possible violations of law or suspicious activity.
• Performs custom behavior reviews.
• Reports and escalates all unusual, suspicious, or fraudulent activity or negative findings clearly and objectively to management.
• Reviews new business accounts to ensure CDD/EDD questionnaires are obtained.
• Properly reviews, assesses, and triages alerts based on associated risks.
• Maintains and retains thorough documentation of analysis performed.
• Works cooperatively with internal departments to obtain and evaluate necessary information related to the analysis.

QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
KNOWLEDGE, SKILLS AND ABILITIES

• Works well in a team environment.
• Works independently, is resourceful and can resolve unforeseen problems.
• Detail oriented and well organized.
• Able to maintain focus and accuracy.
• Prioritizes work, maintains a good work ethic, and requires minimal supervision.
• Possesses excellent verbal and written communication skills.
• Must have the ability to read and interpret documents such as operating and maintenance instructions, and procedure manuals. Requires skills needed to prepare clear, concise, and succinct reports and correspondence that summarize and support his/her research.
• Must be able to add and subtract two-digit numbers and to multiply and divide with 10’s and 100’s, and complete these operations using units of American money and weight measurements, volume, and distance.
• Must have the ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form. A successful applicant will have experience and/or a desire to use their analytical, interpretative thinking and evaluative judgment while researching transactions in sophisticated anti-money laundering software.

EDUCATION AND/OR EXPERIENCE

• High School Diploma or General Education Degree (GED) required
• 1-3 years BSA/AML, financial fraud, or banking experience required
• Knowledge of the BSA and FinCEN related laws and regulations preferred

PHYSICAL DEMANDS AND WORKING ENVIRONMENT
The physical demands and work environment are representative of those that must be met or encountered to successfully perform the essential functions of the job. In compliance with the Americans with Disabilities Act, the company provides reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.

• Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
• Lifting - Occasionally (up to 10 lbs)
• Sitting - Frequently
• Noise Level - Moderate
• Typical Work Hours - M-F (8-5)
• Regular and Predictable Attendance - Required