Financial Intelligence Regulatory Filing Analyst

Date Posted: 12/6/2017
Location: New Britain, CT
Ref#: 5000284717306
17-2032
40
436 Slater Road-HF308
New Britain
Connecticut

If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935 by Harold Webster Smith, our focus has always been to put people first--doing whatever we can to help individuals, families and businesses achieve their financial goals. And while we've grown into a leading commercial bank, we remain passionate about serving our customers, supporting our communities, and making a difference in people's lives. We can make a difference in your life, too. By empowering you to build the meaningful career you've been looking for.

 

Responsibility, respect, trust, teamwork and citizenship are the values on which Webster was founded. Together we call them The Webster Way, and they are what set us apart as a bank and an employer. Guided by these values, we put people first - working hard to live up to our customers, and each other, every day.

 

Webster Bank is seeking a Senior Financial Intelligence Analyst with knowledge of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) requirements to fulfill the following duties:

Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates.

 Research BSA/AML regulatory requirements to support mitigation of compliance risks for Webster Bank, N.A. and its affiliates.

 

  • Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates
  • Review daily cash transactions and analyze to properly file Currency Transaction Reports (CTR). 
  • Communicate with Webster Bank's branch personnel and provide guidance with completion of governmental filings.
  • Investigate suspicious cash transactions, utilizing previous experience, exhibit independent judgment to determine the appropriate course of action for suspicious activity. 
  • Utilize Anti-Money Laundering and Terrorist Financing Software for suspicious activity detection. 
  • Assist in the CTR exemptions application and renewal process.
  • Communicate the results of BSA/AML analysis and/or research to appropriate Corporate Compliance/Enterprise Risk Management including conclusions and recommendations for next steps.  
  • As applicable, perform detailed testing or monitoring to identify BSA/AML control issues or deficiencies which require corrective action and resolution; include root cause analysis.
  • Assist in the preparation of the appropriate management reports summarizing findings and recommendations.
  • Assist in tracking BSA/AML testing and training results.
  • Interpret and maintains a strong knowledge of all current and proposed BSA/AML laws and regulations. 

EDUCATION, EXPERIENCE & SKILLS

  • Bachelor's Degree in Business: Accounting/Finance/Economics, Criminal Justice or 2 + years of related experience -- BSA or Corporate Compliance, Banking, Investigations
  • Knowledge of and experience with Bank Secrecy Act (BSA) and Anti-Money Laundering Regulations
  • Proven ability to work independently in a high volume environment
  • Strong analytical and computer skills
Association of Certified Anti-Money Laundering Specialists (ACAMS) preferred

BSA Compliance/FIU is seeking a Senior Financial Intelligence Analyst with knowledge of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) requirements to fulfill the following duties:

  • Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates.
  • Utilizing independent judgment, based upon training and experience, review suspicious transactions referrals from Webster Bank's Lines of Business and internal Anti-Money Laundering / Terrorist Financing software and determine the appropriate course of action.
  • Prepare detailed investigation reports that logically outline investigative steps taken, research completed and recommendations. Specifically utilizing analytical judgment and knowledge of the Bank Secrecy Act and Anti-Money Laundering laws and regulations, recommend if a Suspicious Activity Report (SAR) should be filed with the Financial Crimes Enforcement Network (FinCEN).
  • Review of internal account relationship/activities where money laundering or related employee misconduct allegations are possible.
  • Act as a Subject Matter Expert (SME) and communicate with Webster Bank's Lines of Business (LOB) to provide guidance with compliance laws and regulations, including Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws and regulations.
  • Conduct reviews of junior level FIU's Investigators work product for quality and consistency prior to submission to FIU Management.
  • Interpret and maintains a strong knowledge of all current and proposed BSA/AML laws and regulations.
  • Manage data collection and quality control of investigative work product.
  • Assist in the quality control of Suspicious Transaction Memos (STM).
  • Research and support peer bank inquires (USPA 314b requests).
  • As appropriate, communicate the results of FIU investigations to appropriate Corporate Compliance/Enterprise Risk Management, including conclusions and recommendations for next steps.
  • Preparation of the appropriate management reports summarizing findings and recommendations.
  • May act as the representative from the Financial Investigations Units on the Suspicious Activity Review Committee.
  • Act as a liaison to Law Enforcement.
  • May be called to testify in State and Federal civil/criminal court proceedings.
  • Assists in staff member development through training of FIU policies/ procedures and related BSA/AML regulations.
  • Acts as a mentor to junior level FIU Investigators.
  • Work with IT to support software and data needs.

 

EDUCATION, EXPERIENCE & SKILLS

  • BS required - Business: Accounting/Finance/Economics/Criminal Justice
  • 6 + years of related experience --Corporate Compliance, Banking, Investigations
  • Knowledge of and experience with Bank Secrecy Act (BSA) and Anti-Money Laundering Regulations
  • Proven ability to work independently in a high volume environment
  • Strong analytical and computer skills
  • Association of Certified Anti-Money Laundering Specialists (ACAMS) strongly preferred.

 

 Internal FIU Analyst Job Description Posting

Interested in a rewarding and stable career with expanding opportunities?  BSA Compliance/FIU is seeking a Financial Intelligence Analyst with knowledge of Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Bank Secrecy Act (BSA) requirements to fulfill the following duties:

<!--[if !supportLists]-->·         <!--[endif]-->Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates.

<!--[if !supportLists]-->·         <!--[endif]-->Utilizing independent judgment, based upon training and experience, review suspicious transactions referrals from Webster Bank's Lines of Business and internal Anti-Money Laundering/ Terrorist Financing software and determine the appropriate course of action. 

<!--[if !supportLists]-->·         <!--[endif]-->Prepare detailed investigation reports that logically outline investigative steps taken, research completed and recommendations utilizing analytical judgment and knowledge of the Bank Secrecy Act and Anti-Money Laundering laws and regulations, recommend if a Suspicious Activity Report (SAR) should be filed with the Financial Crimes Enforcement Network (FinCEN). 

<!--[if !supportLists]-->·         <!--[endif]-->Review of internal account relationship/activities where money laundering or related employee misconduct allegations are possible.

<!--[if !supportLists]-->·         <!--[endif]-->Act as a Subject Matter Expert (SME) and communicate with Webster Bank's Lines of Business (LOB) to provide guidance with compliance laws and regulations, including Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws and regulations.

<!--[if !supportLists]-->·         <!--[endif]-->Interpret and maintains a strong knowledge of all current and proposed BSA/AML laws and regulations. 

<!--[if !supportLists]-->·         <!--[endif]-->Manage data collection and quality control of investigative work product.

<!--[if !supportLists]-->·         <!--[endif]-->Assist in the quality control of Suspicious Transaction Memos (STM).

<!--[if !supportLists]-->·         <!--[endif]-->Research and support peer bank inquires (USPA 314b requests).

<!--[if !supportLists]-->·         <!--[endif]-->As appropriate, communicate the results of FIU investigations to appropriate Corporate Executives, including conclusions and recommendations for next steps.  

<!--[if !supportLists]-->·         <!--[endif]-->Preparation of the appropriate management reports summarizing findings and recommendations.

<!--[if !supportLists]-->·         <!--[endif]-->May act as the representative from the Financial Investigations Unit on the Suspicious Activity Review Counsel.

<!--[if !supportLists]-->·         <!--[endif]-->Act as a liaison to Law Enforcement. 

<!--[if !supportLists]-->·         <!--[endif]-->May be called to testify in State and Federal civil/criminal court proceedings. 

<!--[if !supportLists]-->·         <!--[endif]-->Work with IT to support software and data needs.

EDUCATION, EXPERIENCE & SKILLS

  • BS required - Business: Accounting/Finance/Economics/Criminal Justice
  • 2 + years of related experience -- BSA or Corporate Compliance, Banking, Investigations
  • Knowledge of and experience with Bank Secrecy Act (BSA) and Anti-Money Laundering Regulations
  • Proven ability to work independently in a high volume environment
  • Strong analytical and computer skills
  • Association of Certified Anti-Money Laundering Specialists (ACAMS) preferred.

 

External Posting FIU Regulatory Filing Analyst job Description

 If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935 by Harold Webster Smith, our focus has always been to put people first--doing whatever we can to help individuals, families and businesses achieve their financial goals. And while we've grown into a leading commercial bank, we remain passionate about serving our customers, supporting our communities, and making a difference in people's lives. We can make a difference in your life, too. By empowering you to build the meaningful career you've been looking for.

 Responsibility, respect, trust, teamwork and citizenship are the values Webster was founded on. Together we call them The Webster Way, and they are what sets us apart as a bank and an employer. Guided by these values, we put people first. Working hard to live up to our customers, and each other, every day.

Webster Bank is seeking a Senior Financial Intelligence Analyst with knowledge of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) requirements to fulfill the following duties:

Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates.

 

Research BSA/AML regulatory requirements to support mitigation of compliance risks for Webster Bank, N.A. and its affiliates.

 

  • Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates
  • Review daily cash transactions and analyze to properly file Currency Transaction Reports (CTR). 
  • Communicate with Webster Bank's branch personnel and provide guidance with completion of governmental filings.
  • Investigate suspicious cash transactions, utilizing previous experience, exhibit independent judgment to determine the appropriate course of action for suspicious activity. 
  • Utilize Anti-Money Laundering and Terrorist Financing Software for suspicious activity detection. 
  • Assist in the CTR exemptions application and renewal process.
  • Communicate the results of BSA/AML analysis and/or research to appropriate Corporate Compliance/Enterprise Risk Management including conclusions and recommendations for next steps.  
  • As applicable, perform detailed testing or monitoring to identify BSA/AML control issues or deficiencies which require corrective action and resolution; include root cause analysis.
  • Assist in the preparation of the appropriate management reports summarizing findings and recommendations.
  • Assist in tracking BSA/AML testing and training results.
  • Interpret and maintains a strong knowledge of all current and proposed BSA/AML laws and regulations. 

EDUCATION, EXPERIENCE & SKILLS

  • Bachelor's Degree in Business: Accounting/Finance/Economics, Criminal Justice or 2 + years of related experience -- BSA or Corporate Compliance, Banking, Investigations
  • Knowledge of and experience with Bank Secrecy Act (BSA) and Anti-Money Laundering Regulations
  • Proven ability to work independently in a high volume environment
  • Strong analytical and computer skills
  • Association of Certified Anti-Money Laundering Specialists (ACAMS) preferred

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