BSA AML Transaction Monitoring Analyst I

This position can be located at Billings, MT Sioux Falls and Watertown, SD.

What's Important to You
We know your career is just one aspect of a meaningful, complex, and demanding life. That's why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.

• Generous Paid Time Off (PTO) in addition to paid federal holidays.
• Child Care Assistance Program for eligible dependent(s).
• Exercise reimbursement program for employees.
• The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve and why we want YOU to be a part of it.

We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate.

SUMMARY
The BSA AML Transaction Monitoring Analyst I completes thorough investigations of potentially suspicious activities including money laundering, fraud, and other financial crimes. This role's responsibilities include using the bank's transaction monitoring system to investigate and assess alerts relating to potential money laundering and fraud risks; make use of transactional and customer records, reports and publicly available information to identify and research patterns and anomalies in customer data to detect suspicious activity related to money laundering, underlying criminal activity or structuring; document investigations of unusual banking activity to support decision-making for federal Suspicious Activity Reports.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Performs a variety of investigative functions to assist with compliance of all Anti-Money Laundering program requirements.
• Investigates basic, non-complex financial crimes investigations for suspicious activity, fraud, money laundering, and other illicit activities.
• Uses cognitive and analytical abilities to identify money laundering patterns and trends, suspicious activities, and irregular activity through understanding of financial patterns of activity.
• Uses strong written communication ability to create detailed documentation of reviews of suspicious activity, resolution and/or escalation of alerts, as well as any immediate action needed.
• Determines whether activity warrants escalation and/or a suspicious activity report (SAR) is required to be filed.
• Prepares a Suspicious Activity Report (SAR), as necessary, within regulatory timeframes and in accordance with department policies and procedures.
• Stays abreast of BSA/AML regulatory updates and change. Complies with regulatory requirements and internal policies and procedures.
• Works cooperatively with internal departments to obtain and evaluate necessary information related to the analysis.

QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

KNOWLEDGE, SKILLS AND ABILITIES

• Knowledge of the BSA and FinCEN related laws and regulations is preferred.
• Excellent communication and written skills.
• Strong analytical abilities and problem-solving skills.
• Strong self-motivation and organizational skills.
• Exceptional ability to multi-task and prioritize projects.
• Ability to meet tight deadlines and work in an operational/compliance driven environment.
• Ability to coordinate and work collaboratively with internal and external contacts daily.
• Proficiency in Microsoft Excel, Access, Word, and/or experience in using other database applications.
• Works well in a team environment.
• Works independently, is resourceful and can resolve unforeseen problems.
• Detail oriented.
• Ability to maintain focus and accuracy.
• Prioritizes work, maintains a good work ethic, and requires minimal supervision.

EDUCATION AND/OR EXPERIENCE

• High School Diploma or general education degree (GED) required
• 1-3 years BSA/AML, financial fraud, or banking experience required

PHYSICAL DEMANDS AND WORKING ENVIRONMENT
The physical demands and work environment are representative of those that must be met or encountered to successfully perform the essential functions of the job. In compliance with the Americans with Disabilities Act, the company provides reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.

• Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
• Lifting - Occasionally (up to 10 lbs)
• Sitting - Frequently
• Overtime - Subject to business need
• Noise Level - Moderate
• Typical Work Hours - M-F (8-5)
• Regular and Predictable Attendance - Required