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Job SummaryThe Bank Secrecy Act (BSA) Compliance department is part of Flagstar Bank's (the Bank) second line of defense in the Bank's quest to provide an effective BSA/AML program. AML related investigations identify suspicious activity which is funneled through the proper channels to law enforcement officials via the Financial Crimes Enforcement Network (FinCEN). The BSA/AML Compliance Investigations team is an integral part of a strong BSA/AML Compliance program. In this role, the BSA/AML Compliance Investigator will scrutinize alerts which have been elevated from the transaction monitoring system and other channels in an effort to help prevent, detect and deter money laundering and terrorist financing using a risk-based approach. In this position, an effective investigator will be able to identify and report suspicious behavior and transactional activity which will help to ensure the health of the BSA Compliance department's transaction monitoring responsibility. This position w ill be responsible for maintaining and ensuring organizational compliance with the Bank Secrecy Act (BSA) regulations. The position will investigate escalated incidents involving money laundering and terrorist financing activities to help minimize organizational exposure to BSA/AML risk.Job Responsibilities: (85% of time) - Conduct investigative reviews of assigned cases, including a comprehensive review of transactions performed by customer and relevant non-transactional customer behavior. Prepare and submit suspicious activity reports. (15% of time) - Engage in additional assignments as directed by management. Attend and participate in team/department staff meetings and continuing education training. Acquire knowledge and maintain currency of all compliance, regulatory and business unit policy, standard and procedure requirements associated with the job. Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar's internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies.Job Requirements: Three or more years of financial industry, BSA/AML or related experience Bachelor's Degree Strongly Preferred (Business Administration, Criminal Justice or related) Competency in Microsoft Office products Ability to multi-task and set priorities Ability to work independently with minimal supervision Ability to display a high level of confidentiality Ability to manage alert volumes Excellent analytical, judgement, and research skills Positive attitude, enthusiasm, professionalism, and strong work ethic with high level of integrity and ethics Outstanding written and verbal communication skills with demonstrated ability consulting with all levels of an organization Team-oriented, great at problem solving, able to juggle multiple priorities and excel ina dynamic and fast moving environment Preferred: Certified Anti-Money Laundering Specialist (CAMS) Certification, Certified Regulatory Compliance Manager (CRCM)
