Financial Crimes Analyst III

Truist Financial - Winston-Salem, NC

Part-time,Full-time - Mid Level

Onsite - Winston-Salem, NC

Credit Intermediation and Related Activities

About the position

The Financial Crimes Analyst III position at Truist Bank involves performing critical research and loss mitigation efforts across various intake channels to effectively manage Financial Crimes related cases and alerts. The analyst will be responsible for researching and analyzing account activity to assess risk levels and make informed decisions in accordance with corporate and departmental policies and procedures. This role is situated within the Global Sanctions and Screening Team, which is tasked with reviewing and managing complex sanctions alerts to ensure compliance with legal and regulatory requirements. The position requires the analyst to conduct timely analysis and adjudication of sanctions client alerts, particularly focusing on clients with connections to sanctioned jurisdictions such as Russia, Cuba, Venezuela, Iran, and Syria. The analyst will also be responsible for identifying Politically Exposed Persons (PEP) and managing alerts related to internal hotlists and client central alerts. This includes obtaining and analyzing documentation from clients associated with sanctioned jurisdictions to ensure compliance with all legal and regulatory requirements. The role demands effective communication with various business units to gather necessary documentation for evaluating alerts. The position is hybrid, requiring on-site presence three days a week, transitioning to four days a week starting October 1st. Candidates must be located at the specified locations, as remote work is not an option.

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 utilize critical thinking skills to make well-supported decisions relative to alert types.
• Support effective communication with internal and external partners or clients.

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 that govern 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.

Benefits

• AD&D insurance
• Paid holidays
• Dental insurance
• Vision insurance
• Life insurance
• Medical insurance
• Disability insurance
• 401k plan
• Vacation days
• Sick days
• Restricted stock units
• Deferred compensation plan