Bank Secrecy Act / Anti Money Laundering Investigator at Honolulu

Job Description

Overall Purpose: Under the direction of Bank Secrecy Act Officer, this position is responsible for reviewing and researching customer transactions to identify and report suspicious activity to ensure compliance with the Bank Secrecy Act, the USA PATRIOT Act, and other applicable laws and regulations. In addition, this position is responsible for demonstrating the Excellence in Sales/Service (ESS) philosophy by participating in and practicing ESS disciplines and behaviors. Multiple levels are available.

Performs an investigation of all "alerts" generated by the anti-money laundering monitoring system to determine whether transactions identified qualify as suspicious activity. Manages ongoing investigations utilizing an electronic case management system for "alerts" that require filing a Suspicious Activity Report (SAR) and document results. Monitors and tracks the results of all suspicious activity "alerts" reported to cost centers.

Prepares and submits Suspicious Activity Reports to the Financial Crimes Enforcement Network as required by law. Coordinates contact with Corporate Security to provide information regarding ongoing investigations for reported SARs. Maintains information on customers with repeat SAR activity. Prepare periodic reports on SAR activity.

Prepares and reviews policies, procedures, forms and other documentation to provide guidance and direction to all applicable BOHC lines of business on the requirements for identification and reporting of suspicious activity. Documents all processes and procedures for managing the automated anti-money laundering system and update as necessary.

Conducts system tests of the anti-money laundering system including tests of updates provided by vendors. Under the direction of the BSA Officer, communicates with vendors and IMSG to report and resolve any outstanding issues. Coordinates systems modifications and initiatives as necessary to meet new regulatory requirements.

Participates in regulatory examinations and internal audits of the BOHC BSA compliance program.

Performs all other miscellaneous responsibilities and duties as assigned.

Job Requirements

MINIMUM QUALIFICATIONS:

• Education: Bachelors degree in business or related area, or equivalent business experience.
• Experience: Five to seven years of comprehensive technical knowledge of bank operations in order to assess suspicious activity. General knowledge of BSA and AML regulations.
• Technical Skills: Personal computer skills must include the use of Microsoft Office (Word, Excel, Access), Metavante systems (Insight, BI), accessing signature card images, conduct internet searches, and utilize network environments. Strong verbal and written communication skills. Strong organizational and prioritization skills.

Country: USA, State: Hawaii, City: Honolulu, Company: Bank of Hawaii.