Financial Intelligence Unit Analyst

Description

Thread Bank is a digital-first financial technology community bank that aims to enhance customer

engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a

mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps

business technology platforms provide secure banking experiences. We also partner with other banks,

credit unions, and Fin Techs to integrate compliant financial solutions. Thread Bank values

innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly

culture.

We are looking for people who thrive in a fast-paced, growth environment while remaining within

regulatory boundaries. Thread Bank provides a unique opportunity to be a part of a high growth,

cutting edge, fintech startup within the stable and profitable banking industry. This is an

excellent opportunity for a professional looking to advance their career as the company grows.

The Financial Intelligence Unit (FIU) Analyst is responsible for assisting with BSA related functions that can include: analysis, investigation, and disposition of alerts generated from the Bank’s BSA/AML automated surveillance monitoring software, completing and documenting case investigations, and/or completing suspicious activity reports (SAR). Essential functions can vary based on specific duties assigned.

• Analyze accounts for unusual or suspicious activity through the use of various reports and alerts generated by the Bank’s AML platforms.
• Process alerts by making a determination to clear or to elevate for further investigation based on an analysis of findings.
• Conduct account investigations and research in an effort to address any account irregularities and determine whether escalation is warranted.
• Ensure all determinations can be supported by evidence and are well documented in an organized, cohesive manner.
• Document all findings in a centralized case management system to ensure complete documentation is secured and maintained as required by regulation.
• Communicate with Bank personnel and management on CDD/EDD deficiencies detected during the account monitoring process.
• Utilize a wide variety of public and non-public resources to investigate matters involving possible financial criminal activity fully.
• Escalate activity that meets the established criteria for investigating suspected fraudulent or potential unusual activity.
• File suspicious activity reports (SARs) in a timely and regulatory compliant manner.
• Maintain proficiency in all aspects of BSA/AML and/or fraud compliance.
• Adhere to all provisions of Thread Bank’s policies and procedures, including the confidentiality policy, code of ethics, and BSA/AML/OFAC policies and procedures.
• Other duties and responsibilities may be assigned, according to the needs of the Bank.

• Strong critical thinking, analytical, and problem-solving skills.
• Ability to identify fraudulent, unusual and/or suspicious activity and understand when it needs to be escalated.
• Ability to perform a detailed analysis of accounts and relationships.
• Ability to work and thrive in a fast paced, high intensity, high demand and deadline driven environment.
• Self-motivated, dependable, adaptable, and detail-oriented with strong research and organizational skills.
• Ability to handle and accomplish multiple tasks and resolve competing priorities effectively.
• Proficient with PC work, including Microsoft Outlook, Word, Excel, PowerPoint, and other varying software if/as needed. knowledge of and ability to use internal bank systems a plus.
• Excellent oral and written communication skills.
• Ability to draft reports, prepare documents, and compose letters,…