FID Analyst

JOB SUMMARY

The FID Analyst I assists the Financial Intelligence Department in maintaining compliance with all aspects of the Bank’s BSA/AML/OFAC and Anti-Fraud Programs. An FID Analyst I is a first tier analyst position that will report to a FID Team Lead and/or FID Manager. An FID Analyst I is tasked with developing an understanding of the Bank’s basic analysis and monitoring processes.

• Reviews and understands standard bank documentation, customer due diligence information, and banking transactions
• Performs detailed analysis on accounts that appear to have unusual and/or suspicious activity
• Provides detailed documentary evidence to support the analysis performed
• Performs assigned quality control reviews and monitoring of the Bank Secrecy Act, USA Patriot Act, Anti-Money laundering, OFAC, customer due diligence, account due diligence and enhanced due diligence on new and existing bank customers and Customer Identification program compliance using industry standard and regulatory guidelines
• Processes Currency Transaction Reports (CTR) and Negotiable Instruments Logs
• Works closely with Financial Intelligence Department to ensure all CTRs are filed timely and correctly
• Contacts branch staff for specific issues relating to CTRs, BSA Monitoring, CDD, Fraud and/or High Risk Review
• Performs analysis and investigative research from numerous internal and external sources to complete Customer Due Diligence profiles
• Prepares or assists in the preparation of requests for information to customer facing lines of business (i.e. retail, trust, commercial)
• Investigates and monitors customer transactions and/or behaviors associated with products or services through the use of automated monitoring systems and reports
• Performs timely and accurate research and effective investigations
• Performs detailed analysis on accounts that appear to have unusual and/or suspicious activity and provides detailed documentary evidence to support the findings
• Assists with monitoring of USA Forms Administration for potential fraud and/or unusual activity
• Assists in documenting and maintaining the Bank’s compliance efforts on a daily basis by ensuring adherence to the bank’s policies and procedures to ensure compliance with all federal and state laws and regulations
• Participates in job specific training and other various Bank training programs, as necessary
• Maintains current knowledge of internal risk controls and loss prevention, including reporting of suspicious or unusual customer activity per Bank policy
• Maintains current knowledge and complies with all federal and state laws and regulations and all established Bank policies and procedures, including internal audit controls related to department operations
• Maintains current knowledge of all rules, regulations, and laws as they apply to BSA/OFAC/USA Patriot Act/CIP/AML

• A self-starting individual who possesses an Associates or Bachelor’s in Criminal Justice, Business, Finance or a related field is preferred (equivalent banking experience may substitute degree preference)
• Six months of prior banking experience is preferred
• Basic knowledge of various banking functions such as, retail banking, commercial banking, trade-finance, asset-based lending, loan documentation, financial statements and cash flow analysis is preferred
• Fundamental knowledge of BSA, AML/CIP/OFAC and USA Patriot Act regulations
• Ability to comprehend related technical language and processes
• Ability to maintain confidentiality, good business judgment and exercise discretion in performing daily duties
• Strong knowledge of personal computers, office equipment and proficiency with Microsoft Word, Outlook and Excel
• Strong interpersonal and communication skills to interact with all levels of Bank personnel
• Ability to work effectively in a fast-paced environment and meet deadlines
• Attention to detail and mental concentration for accurately performing tasks with frequent interruptions
• Position requires sitting for extended periods of time
• Availability to work a flexible schedule, Monday through Friday (8:00 a.m. to 5:00 p.m.), and occasional Saturdays
• Bilingual in English and Spanish is desired

• This position…