Financial Crimes Risk Analyst
Wiraa
Job Overview
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Job Description
About Origin Bank
Origin Bank is a reputable financial institution committed to providing exceptional banking services to its community. With a focus on integrity, innovation, and customer satisfaction, the bank strives to deliver tailored financial solutions that meet the diverse needs of its clients. Recognized for its strong compliance culture and dedication to regulatory adherence, Origin Bank maintains a robust framework to prevent financial crimes and promote a secure banking environment.
About The Role: Financial Crimes Risk Analyst
The Financial Crimes Risk Management (FCRM) Analyst plays a critical role in ensuring Origin Bank's compliance with applicable regulations such as the Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC). This position involves monitoring, investigating, and reporting suspicious activities related to money laundering, terrorist financing, and other financial crimes. The analyst assesses customer risk profiles, performs enhanced due diligence (EDD) on high-risk accounts, and collaborates with various bank departments to mitigate potential risks. This role requires a detail-oriented professional with strong analytical skills, a comprehensive understanding of AML regulations, and the ability to investigate complex financial activities effectively.
Qualifications
- Bachelor’s degree from a four-year college or university preferred
- Minimum of three years of banking experience, including recent bank BSA compliance experience within the last 12 months
- Certified Anti-Money Laundering Specialist (CAMS) and/or Certified AML and Fraud Professional (CAFP) certification preferred or willingness to obtain within one year
- Proficiency in Internet, Outlook, Microsoft Word, and Excel
- Ability to learn bank-specific software such as Verafin, IBS (Core), and Teller Insight
- Strong knowledge of BSA, USA Patriot Act, OFAC regulations, and bank policies
- Excellent analytical, problem-solving, and investigative skills
- Effective communication and interpersonal skills
- Ability to work independently and manage multiple priorities
Responsibilities
- Perform scheduled Enhanced Due Diligence (EDD) reviews of high-risk accounts, including MSBs, MRBs, NBFIs, PSPs, NRAs, POATMs, and cryptocurrency-related accounts
- Analyze transactional account trends and customer documentation to assess risk and document conclusions
- Make recommendations regarding account acceptance, mitigation, or closure based on risk assessments
- Update and revise procedures for handling high-risk customers and suspicious activity reporting in collaboration with the Financial Crimes Risk Manager
- Review reports in Verafin to identify unidentified NGOs, MRBs, or MSBs and add appropriate tags and comments
- Evaluate transactional activity of POATMs and MSBs for unusual patterns or lack of activity
- Stay current on federal and state-specific MSB and MRB requirements, especially for Louisiana, Mississippi, Texas, Alabama, and Florida
- Communicate with bank personnel to gather additional documentation and resolve exceptions
- Process alerts related to Privately-Owned ATMs and other suspicious activities in Verafin
- Add comments and risk ratings to new Remote Deposit Capture (RDC) accounts
- Review and investigate alerts related to red flags or new account scenarios, determining if further investigation is necessary
- Utilize internal and external research tools to support AML investigations and documentation
- Develop and maintain an understanding of industry patterns and behaviors indicative of suspicious activity
- Support special projects and casework related to BSA/AML compliance as required
Benefits
- Competitive salary and comprehensive benefits package
- Health, dental, and vision insurance plans
- Retirement savings plan with employer matching
- Paid time off and holidays
- Professional development and certification support
- Opportunities for career growth within a compliant and secure banking environment
Key skills/competency
- AML Compliance
- BSA Regulations
- OFAC Sanctions
- Enhanced Due Diligence (EDD)
- Financial Investigations
- Risk Assessment
- Verafin Software
- Data Analysis
- Regulatory Reporting
- Fraud Prevention
How to Get Hired at Wiraa
- Research Origin Bank's culture: Study their mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor to align your application.
- Tailor your resume for compliance roles: Highlight your BSA, USA PATRIOT Act, and OFAC expertise, along with any CAMS/CAFP certifications.
- Showcase analytical and investigative skills: Provide specific examples of financial analysis, risk assessment, and complex investigations in your experience.
- Prepare for regulatory questions: Be ready to discuss your understanding of AML regulations, EDD processes, and relevant banking software like Verafin.
- Emphasize communication and collaboration: During interviews, share instances where you effectively communicated findings or collaborated with internal teams.
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