Financial Crimes Analyst III

Truist Financial - Winston-Salem, NC

Part-time,Full-time - Entry Level

Onsite - Winston-Salem, NC

Credit Intermediation and Related Activities

About the position

The position involves performing research and loss mitigation efforts across multiple intake channels to make decisions on Financial Crimes related cases and alerts. The role requires analyzing account activity to assess risk levels and making decisions in accordance with corporate and departmental policies and procedures. The position is part of the Global Sanctions and Screening Team, which is responsible for managing the review and disposition of complex sanctions alerts to prevent Truist from engaging in prohibited activities. This includes timely analysis and adjudication of sanctions client alerts, expert review of complex transactions, and managing communications with business units to obtain necessary documentation for evaluating alerts. The position will require the candidate to work on-site three days a week, transitioning to four days a week starting October 1st, and is not a telecommute or remote role. The candidate must be located at the specified location(s) as mentioned in the job posting. The work environment is hybrid, combining both on-site and remote work.

Responsibilities

• Perform research and loss mitigation efforts across multiple intake channels to decision Financial Crimes related cases and alerts.
• Research and analyze account activity to assess the level of risk and make decisions in accordance with applicable corporate and departmental policies and procedures.
• Timely analysis and adjudication of sanctions client alerts to prevent Truist from engaging in prohibited activities.
• Expert review of complex transactions, business, and relationships to assess the sanctions nexus, particularly for clients with a nexus to sanctioned jurisdictions.
• Timely analysis of alerts related to other risk controls, including identification of Politically Exposed Persons (PEP) and internal hotlist alerts.
• Obtain and analyze documentation related to clients from sanctioned jurisdictions to ensure compliance with legal/regulatory requirements.
• Manage communications with Business Units to obtain necessary documentation to evaluate alerts.
• Utilize banking systems to investigate and research all transactional information to ensure Financial Crimes requirements are met.
• Conduct client research and use critical thinking skills to make well-supported decisions relative to the alert type.
• Utilize internal and external applications to assist in the investigation and research of applicable alerts.
• Efficiently and effectively resolve cases or alerts with awareness of all timelines as directed by Financial Crimes function.
• Support effective communication with internal and external partners or clients.
• Participate in BSA/AML/OFAC and/or Fraud related training to stay abreast of changing laws and regulations.

Requirements

• Associates Degree or equivalent education and related training.
• Three to five years of banking, financial industry, or related experience, preferably in a branch, audit, compliance, legal, risk, or lending related capacity.
• Ability to learn and perform complex processes to meet the spirit and letter of the procedures, policies, and regulations governing the department.
• Strong investigative, analytical, and critical thinking skills.
• Strong work prioritization and time management skills.
• Strong interpersonal, communication, and client service skills.
• Demonstrated proficiency in basic computer applications such as Microsoft Office software products.
• Ability to work in a high-stress, fast-paced, rapidly changing environment.
• Ability and willingness to work flexible hours as required by the function.

Nice-to-haves

• Familiarity with OFAC/sanctions and/or the wire transfer process.
• Ability to identify, escalate, and resolve challenges.
• Experience collaborating with team members of all levels and cross-functional partners.
• Ability to work independently, under time constraints, and manage time efficiently and effectively.
• Ability to liaise between internal teams, external business units, and other stakeholders.
• Bachelor's degree or related qualification.
• Ability to work 9:30 AM-6:30 PM to support/rotate with teammates, as needed.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Accidental death and dismemberment insurance
• Tax-preferred savings accounts
• 401k plan
• Vacation days (minimum of 10 days)
• Sick days (minimum of 10 days)
• Paid holidays
• Defined benefit pension plan (depending on position and division)
• Restricted stock units (depending on position and division)
• Deferred compensation plan (depending on position and division)