BSA Specialist II - Investigations

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

Why join us?

• An award-winning culture! We are 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 to name a few

• Promote from within culture.

Why join this team?

• Family Friendly work hours

• An entrepreneurial culture with opportunity for growth

Position Summary

The BSA Specialist II - Investigations position is responsible for in-depth investigations that are escalated from the alerting and monitoring processes and from enterprise-wide referrals. This role has a working knowledge of BSA/AML/OFAC regulations and an overall understanding of banking products and services, preferably holds industry certifications, has experience working with anti-money laundering software, conducting investigations, and filing Suspicious Activity Reports (SARs). Coverage includes enterprise-wide review of our accountholders and their transactions: looking for unusual or suspicious activity; investigating potential suspects and provide adequate documentation of identified cases; and is responsible for the completion of filing of suspicious activity reports when appropriate. The position supports the overall BSA compliance efforts as required under the Bank Secrecy Act and the Bank's BSA/AML/ USA Patriot Act and OFAC Compliance Program and Procedures.

What You’ll Do

• Identify and analyze customer relationships for unusual and suspicious activity. Which at times may include a review of system generated Actimize alerts.

• Provide accurate documentation of the suspicious activity and recommends appropriate actions.

• Prepare Suspicious Activity Reports (SARs) and follows appropriate review, documentation and follow-up steps as outlined in Bank’s BSA/AML Program. 

• Maintain confidentiality of reports and documentation as required by law.

• Review legal requests, 314b reviews, law enforcement requests, fraud investigation referrals, and conducts account reviews from a BSA/AML/USA Patriot Act perspective.

• Communicate internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts, and provide recommendations for case resolution, including account closure.

• Provides other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Bank’s BSA/AML and OFAC Compliance Program.

Qualifications

• 3-5 years banking experience and 3-5 years BSA experience.

• Working knowledge of various laws, regulations and guidance as it relates to BSA, AML and OFAC.

• Experience preparing and filing SARs (Suspicious Activity Reports) preferred.

• Strong communication, critical thinking, problem solving and time management skills.

• Experience with automated anti-money laundering software preferred.

• Bachelor’s degree preferred

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • 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

Compensation

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.

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From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life.  To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.  Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.