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Associated Bank
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Job Location: Milwaukee, Wisconsin
Job Type: Full-time
Shift:
Day Job
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BSA/AML Analyst I-1310528
Description
The employment policy of Associated Banc-Corp, and its subsidiaries and affiliates (Associated) provides equal opportunity to all persons. We support a diverse and inclusive work environment where colleagues are respected, treated fairly, and given equal opportunities to perform to their fullest potential. We believe it is only with a diverse and inclusive workplace that the organization can truly perform at its best, carry out its vision, and make a difference for the communities we serve.
JOB SUMMARY:
Under functional guidance, review for suspicious activity both system generated reports and escalated alerts from various business lines regarding retail and commercial accounts. Assist in communication, investigation and dissemination of information concerning BSA regulatory requirements and AML policies. Acts as a main contact for both internal and external customers; serves as a technical resource involving BSA and AML issues. Responsible for compiling, monitoring, and reporting of customer and account information regarding BSA and related laws and regulations. In addition, the incumbent interprets and summarizes related statistical data; identifies trends; and assists management with related research. Responsible for mastering several computer applications used to research, review and write a comprehensive narrative.
Operates in full compliance with internal policies and procedures as well as applicable regulations and laws, including but not limited to Bank Secrecy Act/Anti-Money Laundering requirements. Responsible to report any procedure or process that doesnt meet regulatory requirements including fraud, whether suspected or confirmed, to management. This reporting can be done directly to any member of management, including Human Resources or Corporate Security, or can be reported through Associateds anonymous Ethics Hotline.
KEY RESULT AREAS
Account research, review, documentation and monitoring
Strong writing skills
Confidentiality
Organizational skills
Customer Service both internal and external
Strong decision making abilities
Comprehensive computer skills
JOB ACCOUNTABILITIES
1. Conduct analysis on transactional data to make determinations of irregular activity through understanding of industry norms, historical customer activity and regulatory definitions of suspicious activity.
2. Conduct investigations by utilizing the banks resources: i.e. system software, reports, databases, and system applications to determine if suspect account activity meets the established criteria for investigation of suspicious activity as described in Associateds BSA and Anti-money Laundering procedures.
3. Examine reports to determine if situations meet the established criteria for investigating suspected fraudulent or problem accounts.
4. Collect, Analyze and disseminate sensitive information concerning the suspicious activities of groups, businesses and individuals as described in Associated Secrecy Act and Anti-money Laundering procedures.
5. Document all findings in a centralized case management system, to include writing a detailed narrative supporting your findings.
6. Exercise solid judgment while examining, identifying and documenting suspicious account activity behaviors and patterns.
7. Maintain a high degree of professional competence in the area of the Bank Secrecy Act activities and investigations through self-study, seminars and professional organizations.
8. Act as a technical resource for the various business lines and external customers on all matters pertaining to BSA/AML.
9. Review all Phase I & II Exempt customers for suspicious activity and ensure that all the proper documentation has been filed to maintain exempt status.
10. The ability to recognize MSB activity and escalate it to the designated analyst.
11. The ability to prepare a Suspicious Activity Report and understanding/follow the SAR filing requirements
12. Understanding the requirements of CDD, EDD and CIP to ensure compliance under the regulations.
Qualifications
JOB SPECIFICATIONS
Minimum Education:
60 post high school credits in Business or related field
Preferred Education :
Associates or Bachelors Degree in Business or related field. Certified Anti-Money Specialists (CAMS) designation.
Minimum Experience:
1-3 years security, banking, compliance or audit related experience.
Preferred Experience
3+ years if security, banking, compliance, BSA/AML, audit, account monitoring or related experience with exposure to the Bank Secrecy Act and Suspicious Activity reporting.
Other Duties and Responsibilities
Performs other duties as assigned.
Job Requirements
Adherence to Company policy and procedures is required.
Perform duties in accordance with the Vision & Values of Associated Banc-Corp.
Regular attendance is required.
Basic math and reading skills, and attention to detail.
Use of basic office equipment (e.g., photocopier, voice mail, "fax" machine, calculator, multiple line telephones, typewriter, computers etc.).
Represent the organization in a professional and positive manner.
Travel
Opportunities for travel occur occasionally.
Job: Compliance/Risk
Schedule: Full-time
Shift: Day Job
Primary Location: Wisconsin-Milwaukee
Other Locations: Wisconsin-Green Bay
Work Locations: MILW-PLAZA EAST
330 E Kilbourn Ave
Milwaukee 53202
Associated Bank
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
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