Financial Crimes Senior Investigator I

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Participates in end-to-end suspicious activity investigation and reporting process which entails timely monitoring, identification, investigation, and when appropriate; reporting of suspicious financial and/or fraudulent activity, to include money laundering, terrorist financing, fraud and/or any other financial risk or crime. As part of this process, the Financial Intelligence Unit (FIU) develops and implements automated transaction monitoring rules, reports and other processes designed to identify activity potentially indicative of criminal behavior; investigates potentially suspicious financial activity; and when appropriate files suspicious activity reports (SARs) with Financial Crimes Enforcement Network (FinCEN), part of the U.S. Department of Treasury and/or refers matters to Truist’s Financial Crimes Program Management for review and reporting, as necessary. The FIU performs a critical role in ensuring that Truist complies with the Bank Secrecy and USA PATRIOT Acts as well as regulations set forth by Treasury’s Office of Foreign Assets Control (OFAC) and provides law enforcement with key information for the investigation and prosecution of money laundering, terrorist financing and other criminal activity. A Senior Investigator in the FIU performs critical functions in the enterprise-wide suspicious activity monitoring, identification, investigation, and reporting process and is a critical touch point within the entire BSA/AML function of the FIU.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time.  

1. Conduct timely, comprehensive investigations of customers by utilizing CIP information, occupation, line of business, income methods, transaction activity and other information. 

2. Analyze customer transaction activity to ascertain legitimacy of the business and the business transactions, ensuring that the transaction activity is commensurate with the nature of the business entity.

3. Communicate results of analysis and/or research to appropriate Financial Intelligence Unit (FIU) leadership including conclusions and recommendations for next steps. Prepare written analysis of research findings and make independent recommendations to maintain or exit the relationship as warranted.  

4. Communicate with Relationship Managers, branch associates and others as needed to gather additional client information.  Act as a point of contact for BSA-related questions and support. Assist regional contacts and business units with on-going second level support.

5. Support the development and maintenance of internal process manuals that fully document and outline all pertinent activities in the business unit.

6. Conduct link analysis, data mining and analytics.

7. Utilize a wide variety of research and transaction monitoring tools.

8. Provide information for various regulatory and analytical reports.

9. Maintain strong knowledge of all applicable current and proposed Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) laws and regulations, specifically as they apply to money laundering, terrorist financing and OFAC.

10. Participate in BSA/AML training that may include webinars, periodicals and self -study in order to stay abreast of the BSA/AML laws and regulations.

11. Maintain awareness of national and world events and industry trends through press releases, real-time monitoring, and collaborative relationships with law enforcement, internal or external watch lists or other relevant sources to mitigate the company’s reputation or regulatory risk. 

QUALIFICATIONS

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. College Degree or equivalent education, training and work-related experience 

2. Six years of banking, financial industry or related experience; preferably in a branch, audit, compliance or commercial lending related capacity

3. Strong knowledge and experience with BSA regulations and related compliance requirements, including reporting and record retention requirements and understanding of how changes in those regulations or compliance requirements affect FIU management 

4. Thorough working knowledge of the risk indicator trends in money laundering, terrorist financing or other related financial crime and the ability to position processes to ensure mitigation of those risks at Truist 

5. Strong analytical and critical thinking skills with the ability to identify and define issues, establish facts, analyze moderately complex information and develop substantiated conclusions with minimal supervision

6.  Strong investigative research and documentation skills

7. Excellent verbal and written communication skills; ability to communicate effectively with senior leadership, LOB managers and external entities (e.g. federal examiners)

8. Ability to work in a high stress, fast paced, and rapidly changing environment, with time-critical situations

9. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products

10. Ability to work independently

Preferred Qualifications:

1. Master’s degree in Business or related field, or a graduate of BB&T now Truist Banking School or other widely-recognized banking school

2. Eight years of experience in investigation, law enforcement, or commercial lending

3. Experience with BSA transaction monitoring or case management applications

4. Knowledge of SAR filing requirements

5. Strong practical or management experience in investigative functions as it relates to current and proposed BSA/AML, USA PATRIOT Act laws and regulations, specifically as they apply to money laundering, terrorist financing and OFAC

6. Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), or other specialized compliance education/professional designation

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

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