BSA/AML Investigator 2

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. 

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance.  401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.  We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

Position Summary

The BSA / AML Investigator requires knowledge of all Bank Secrecy Act regulations including the USA Patriot Act and OFAC regulations with the ability to define problems and propose solutions. The investigator will comply with Old National’s BSA/AML policy, program, and procedures for performing SAR, case investigations, and all other BSA/AML and OFAC responsibilities. The Investigator will support Old National’s lines of business and branch locations by performing research, responding to questions, and verifying accuracy of information. This position will comply with all state and federal rules, regulations and laws while utilizing sound judgment and the highest degree of confidentiality. The BSA/AML Investigator must keep abreast with current and emerging money laundering and financial crime trends. The position will report directly to the BSA AML Investigations Manager.

Salary Range

The salary range for this position is $51,700/yr. - $101,500/yr.. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Perform suspicious activity monitoring and reporting

• Adhere to all BSA/AML and OFAC policies and procedures.
• Perform analytical reviews for suspicious activity or potential OFAC matches generated by various surveillance delivery channels to make a determination if further investigation is necessary or if a SAR is required. Ensure all SARs are prepared and filed with FinCEN on a timely basis. Make assessments of suspicious activity and collaborate on SAR decisions for reporting with management and the BSA Officer.
• Responsible for all aspects of the case investigations: Complete thorough and objective investigation reports, evaluation of evidence, recommendation on SAR or no SAR decision, preparation of supporting documentation, and completion of case file providing detailed notes and SAR narratives.
• Assist the BSA/AML Investigators Senior with BSA/AML and/or OFAC compliance related issues, procedures, as well as daily regulatory reporting. Utilizes available bank systems to monitor, process and analyze information and file required reports in an accurate and timely manner.

Assist to sustain and further develop the BSA AML OFAC Program for the Bank

• Participates in compliance training and additional continuing education to maintain proficiency in the laws and regulations affecting financial institutions regarding BSA/AML and OFAC.
• Other responsibilities and projects as assigned by management, make recommendations on enhancements to BSA/AML policies and procedures; provide technical compliance support when issues or questions arise with various operating units; assist as an advisor in new product and/or service development.

Key Competencies for Position (for this role, place in order of importance and remove if does not apply)

• Compelling Communication: Effectively and transparently shares information and ideas with others. Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain. Unites others towards common goal. Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.
• Makes Decisions & Solves Problems: Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency. Collaborates and seeks to understand the root causes of problems. Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time. Takes action that is consistent with available facts, constraints and probable consequences.
• Develops Talent – You own your own development and your career. Actively assesses self-feedback to enhance knowledge, skills and behaviors. Leverages own strengths and those of team members to meet individual and team goals supporting both internal and external client needs. Continuously develops self for current and future roles.
• Delights Clients: Passionately serves internal/external clients with excellence. Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction both internally and externally. Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team. Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value.
• Personifies ONB Culture: Consistently demonstrates Old National's culture and values in daily interactions. Places the organization's goals before individual or team goals. Demonstrates the desire to be part of something beyond themselves by investing time, heart, and expertise to help clients and communities thrive.

Qualifications and Education Requirements

• Bachelor's Degree in Business, Finance, Accounting, Law or related field preferred
• 3+ years relevant experience in banking combined with BSA AML, fraud, investigations, operations, compliance, or relevant business experience.
• Ability to work independently or as part of a team
• Fundamental knowledge of banking and financial service company principles, philosophies, and operational concepts
• Strong interpersonal skills along with excellent written and verbal communication skills.
• Sound knowledge of BSA regulations, OFAC regulations, USA PATRIOT Act, Fraud Scenarios, Criminal Situations, and Internal Crimes
• Problem solving skills with the ability to define problems and propose solutions
• Required competency with Microsoft Office Suite, especially advanced use of Excel to manipulate data for analysis.

Key Measures of Success/Key Deliverables:

• Timely completion of assignments
• Maintain Error Free Ratio goal
• Participation in BSA AML OFAC specific trainings to aid growth and development
• Develop and maintain a positive relationship within the BSA team through collaboration