AML/BSA Investigator II

Eaglebank - Rockville, MD

Full-time - Mid Level

Remote - Rockville, MD

Credit Intermediation and Related Activities

About the position

The AML/BSA Investigator II at EagleBank is responsible for investigating and evaluating AML/BSA related issues, ensuring compliance with federal regulations. This role involves independently handling complex investigations, preparing Suspicious Activity Reports (SARs), and providing guidance on AML/BSA regulations to various departments. The position emphasizes collaboration across business lines and requires a proactive approach to monitoring and reporting suspicious activities.

Responsibilities

• Investigates suspicious activity cases generated by automated AML/BSA monitoring systems or referrals from branch personnel.
• Compiles supporting documents and prepares SAR narratives based on independent investigations and analysis, filing them through the FinCEN E-filing system within 30 days.
• Reviews accounts reported in subpoenas to determine if suspicious activity should be reported.
• Performs 90-day follow-up reviews on account activity for submitted SARs to assess if suspicious activity has continued or ceased.
• Serves as a resource for branches and departments regarding AML/BSA inquiries to provide accurate information on regulations.
• Conducts enhanced due diligence reviews of high-risk customers and reports any suspicious activity.
• Monitors compliance with customer identification, due diligence, beneficial ownership, and OFAC requirements.
• Assists with reviews for potential OFAC matches and collects documentation for examiners and auditors regarding SARs and BSA/AML records.
• Assists the BSA Supervisor with alert quality reviews to ensure standards and proper alert disposition.
• Stays informed on local news events related to financial crimes that may impact the bank.
• Attends weekly investigation meetings to provide feedback and collaborate on improving alert quality.
• Develops relationships across business lines to enhance collaboration and ensure accurate investigations.
• Assists in the analysis and tuning of Verafin by documenting issues and recommending adjustments.

Requirements

• 3 years' experience in completing BSA/AML case investigations.
• Analytical skills.
• Proficient in Outlook, Word, and Excel.
• Understanding of financial crime detection and prevention techniques.

Nice-to-haves

• 2-year college degree in a related field or work-related experience.
• 3+ years banking experience and knowledge of branch operations.
• Certified Anti-Money Laundering Specialist (CAMS) or Certified BSA/AML (CBAP) certification.

Benefits

• Maternity and parental leaves
• Wellness discounts
• Healthcare premium sharing
• Employer funding in HSA account
• 100% 401(k) matching up to 4%