BSA Specialist 2

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years).

• Competitive pay and discretionary or incentive bonus eligible.

• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few

• Promote from within culture.

Why join this team?

• Hybrid Work Schedule – Split your time working remotely and at our Corporate Headquarters in Rosemont, IL

• An entrepreneurial culture with opportunity for growth

Position Summary

The BSA Specialist II for the Suspicious Activity Monitoring (“SAM”) Alerts team is responsible for the enterprise-wide review of the automated and ad-hoc alert monitoring.  The position supports the overall BSA compliance efforts as required under the Bank Secrecy Act, the USA Patriot Act and the Bank’s BSA/AML/OFAC Compliance Program and Procedures. The BSA Specialist II monitors and maintains email communications with various lines of business regarding alerted activity and ensures the information received is documented. Referrals for unusual activity from all lines of business are vetted by the BSA Specialist II, as well as incoming 314b requests, legal requests, and law enforcement requests. In addition to reviewing and completing the alerts assigned from the automated system, the BSA Specialist II also conducts a secondary review of alerted activity flagged by the team as unusual to determine if a case should be created for Investigator review or if the activity is not suspicious and can be waived as not suspicious. The BSA Specialist II  will also assist with procedure updates with the Senior BSA Specialist and AVP, as requested.

What You'll Do

• Review and analyze BSA monitoring alerts from both system and special report to identify unusual activity patterns in customer activity as it relates to BSA red flags. Conduct research using available bank systems to assist in the completion of the review. Provide clear and accurate assessment of the review with corresponding documentation for each of the dispositions. 

• Conduct secondary review of alerts to determine if a case should be created for further review by Investigations or if the alert can be waived as not suspicious.

• Review and analyze legal requests, unusual activity reports, 314b requests, and fraud reports from the front line.

• Communicate internally to all lines of business to obtain additional information, and upon receipt, documenting to complete analysis.

• Attend BSA training sessions and professional development. 

Qualifications:

• 2 - 3 years banking experience and 1 -2 years BSA experience. 

• Working knowledge of various laws, regulations and guidance as it relates to BSA, AML and OFAC. 

• Strong communication, problem solving and time management skills. 

• The ability to work in a fast-paced environment.

• Bachelor’s degree is preferred.

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

Compensation

The estimated hourly rate for this role is $24.04-$31.25, along with eligibility to earn an annual bonus. Actual pay rate may vary based on several factors, such as a candidate’s qualifications, skills and experience.

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From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life.  To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.  Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.