Financial Intelligence Analyst

Manhattan, New York
Salary range: $80,000 - $100,000

The Financial Intelligence Unit (FIU) is a subunit team within Apple Bank’s (the Bank) AFC Department and is a second line function that acts as a primary subject matter expert (SME) concerning transaction monitoring, suspicious activity detection and reporting used to support BSA/AML and Sanctions compliance across the Bank. The Financial Intelligence Unit Analyst is a member of the FIU and is responsible for the daily operations within the AFC subunit.

Specifically, the Financial Intelligence Unit Analyst will assist in the initial phase of the Bank’s case management system and support the alert review and case investigations processes in monitoring for and identifying potentially suspicious activity. The individual will conduct an investigation of customer account activity and, when necessary, prepare a Suspicious Activity Report (SAR).

ESSENTIAL DUTIES & RESPONSIBILITIES

The Financial Intelligence Unit Analyst will:

• Perform the review of assigned BSA/AML transaction monitoring system alerts and cases.
• Complete comprehensive reviews of customer activity to identify potential financial crime risks.
• Conduct internet and other research concerning the customers and counterparties involved with transactions, as appropriate.
• Review complex and multi-tiered relationships to determine if account activity is suspicious and requires the filing of a SAR.
• Write a comprehensive analysis of the account activity to support the disposition to close/escalate an alert, close/escalate a case, and file a SAR when required while meeting Management-defined productivity and quality control requirements.
• Thoroughly document alert and case investigations, including supporting data, research, analysis and rationale for the recommendation within the case management system in a timely manner and in compliance with regulatory guidelines and AFC procedures.
• Provide recommendations for off-boarding customers who pose a heightened risk to the Bank as directed by the Head of Financial Intelligence Unit.
• Prepare summaries of customers with multiple SARs and high-risk investigation cases for the Head of Financial Intelligence Unit, BSA Officer, and SAR Sub-Committee, as needed.
• Maintain a high degree of relevant knowledge with respect to BSA/AML laws and regulations which includes monitoring new and proposed BSA/AML-related legislation, regulatory requirements, key enforcement actions, key trends, and emerging issues, as directed by the Head of Financial Intelligence Unit.

ADDITIONAL DUTIES & RESPONSIBILITIES

The Financial Intelligence Unit Analyst will also:

• Apply independent judgment in the identification and escalation of key financial crime risks.
• Display a high level of professional aptitude and standards.
• Recommend improvements to process in areas of efficiency, control, and work product.
• Participate in committee meetings, as necessary.
• Perform ad hoc and project support, as required.

SKILLS, EDUCATION, & EXPERIENCE

• Bachelor’s degree required.
• Minimum 1 year of experience in banking compliance, with a strong emphasis on BSA/AML regulations and requirements.
• Minimum 1 year of experience in alert reviews and case investigations.
• Minimum 1 year of experience in SAR preparation and filing.
• Excellent verbal, written, and interpersonal communication skills.
• Excellent research and time management skills with strong focus on attention to detail.
• The ability to work effectively in a team-fostered, multi-tasking environment.
• Professional certification (i.e., CAMS) helpful.

Visa sponsorship not available.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.