The Bank’s Financial Crimes team is a first line of defense that conducts prevention, monitoring and investigation activities to mitigate exposure to fraud, money laundering, electronic crime, and terrorist financing. The Financial Crimes Analyst II’s primary areas of responsibility include suspicious activity monitoring, fraud detection, alert investigation and resolution, high risk account monitoring, and currency transaction report filing.
ESSENTIAL FUNCTIONS:
- Adjudicate alerts generated by the Bank’s transaction monitoring system for fraud, AML and OFAC.
- Utilize various fraud detection tools across all payment channels (ACH, wires, P2P, etc.) to identify risky transactions and prevent financial losses to the Bank or its customers
- Conduct end-to-end investigations in a timely manner of high-risk, suspicious or fraudulent activity, by performing transaction analyses, gathering supporting case documentation (including but not limited to transaction images, monthly statements, and customer due diligence documents), writing comprehensive case summaries that provide strong, credible information and evidence to validate case outcomes (i.e. SAR/No SAR determinations)
- Conduct reviews of high-risk customers, perform enhanced due diligence (EDD) to identify, assess and mitigate risks, including monitoring marijuana-related business (MRB) customers and ensuring compliance with the Bank’s MRB Program Guidelines
- Support BSA/AML assignments on an as needed basis, including daily Currency Transaction Reports, recording/monitoring of negotiable instruments, analysis of foreign currency exchanges, verifying required customer due diligence documents were collected, and ad hoc reports.
- Support the Bank’s compliance with all applicable state and federal regulations with respect to BSA, AML and OFAC
- Stay abreast of changes in related regulations and regulatory agency guidelines
- Participate in ongoing education by attending industry-related webinars and seminars
- Bachelor’s degree preferred; relevant industry certifications are highly desired (e.g. CAMS, CFE, CAFP, AMLCA, CFCI, etc.)
- 3-5 years of banking experience, with direct experience in financial crimes, risk management or compliance
- In-depth knowledge of the anti-money laundering and countering the financing of terrorism regulations (including the Bank Secrecy Act) and fraud detection and prevention techniques
- Experience with AML and anti-fraud software, Microsoft Word, and Microsoft Excel. Success in this role will require working knowledge or willingness to develop expertise with advanced features of Microsoft Excel, including pivot tables and functions to work with large quantities of data and identify trends, errors and gaps
- Ability to collaborate and communicate effectively both verbally and in written formats across all levels of the organization; able to select the appropriate method for outcomes and audiences.
- Strong analytical, decision-making, organizational, and communication skills
- Highly organized self-starter with excellent decision making and problem-solving skills
Skills Required
- 3-5 years banking experience with direct financial crimes, risk management, or compliance experience
- In-depth knowledge of AML, BSA, CFT regulations and fraud detection/prevention techniques
- Experience with AML and anti-fraud software and transaction monitoring systems
- Proficiency with Microsoft Excel (including pivot tables and advanced functions) and Microsoft Word
- Ability to conduct end-to-end investigations, prepare comprehensive case summaries, and determine SAR/No SAR outcomes
- Ability to perform enhanced due diligence (EDD) and monitor high-risk/MRB customers
- Strong analytical, decision-making, organizational, and communication skills
- Highly organized self-starter with problem-solving skills
- Bachelor's degree
- Relevant industry certifications (e.g., CAMS, CFE, CAFP, AMLCA, CFCI)
What We Do
Since 1960, Northern Bank has been the banking partner of choice for businesses and consumers throughout New England. We take an entrepreneurial, commonsense approach to providing a complete line of banking solutions. We are deeply invested in the communities we serve and passionately committed to helping you, our customers, grow. Thanks to the unwavering dedication of our team and the loyalty of our customers, we have been named the #1 performing Community Bank in New England for seven straight years and #1 in the United States in 2015. Northern Bank provides businesses and individuals with deposit and cash management services, commercial and franchise financing, residential mortgages, and wealth management services. We currently operate 12 branches in the Greater Boston market. For more information, contact us at 800-273-6908 or visit www.nbtc.com. Member FDIC | Equal Housing Lender. http://facebook.com/northernbankma http://twitter.com/northernbankma Social Media Guidelines: https://www.nbtc.com/customer-service/FAQs/what-are-our-social-media-guidelines-610
