Financial Intelligence Senior Analyst - Fraud

Associated Bank - Green Bay, WI

Full-time - Mid Level

Green Bay, WI

Credit Intermediation and Related Activities

About the position

At Associated Bank, we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you. As a Senior Financial Intelligence Analyst in Fraud, you will work closely with the Financial Intelligence (FI) Team Lead to ensure that department policies for alert, case, and Suspicious Activity Report (SAR) quality and timeliness are met. You will make recommendations for improving the efficiency and effectiveness of department processes and procedures. Your role will involve investigating complex cases of potential money laundering, terrorist financing, and financial crimes throughout the entire Associated Bank footprint utilizing an internal monitoring application, referrals from business lines, and open source intelligence such as negative media, internet research, information from peer banks, and information from law enforcement. You will be responsible for researching and understanding money laundering, fraud, and enhanced due diligence trends and scenarios in order to apply that intelligence to observed activity in customer accounts and evaluate effectively. Interaction with Retail, Commercial, and other business unit managers across Associated will be a key part of your role. You will prepare and file Suspicious Activity Reports as required by regulations and participate in projects and initiatives as directed. Monitoring and reporting progress towards successful and timely completion of those projects and initiatives will also be part of your responsibilities. Additionally, you will conduct quality assurance over reviews conducted by FI Analysts, ensuring that all findings are documented in a centralized case management system, including writing detailed narratives supporting your findings. Your expertise will be crucial in exercising solid judgment while examining, identifying, and documenting suspicious activity behaviors and patterns. You will provide guidance to business and functional partners regarding appropriate courses of action when suspicious or potentially suspicious activity has been identified. As a front-line technical resource for internal and external customers, you will serve as an expert on high-risk products and customer types, working escalated alerts as necessary, such as OFAC Sanctions and internal fraud. Ongoing evaluation of the efficiency of existing surveillance systems, rules, and methodologies will be essential to ensure appropriate identification of fraud, kiting, money laundering, terrorist financing, or unusual account activity among Associated account holders.

Responsibilities

• Conduct investigations utilizing the bank's resources, providing work direction, coaching, and development to other Financial Intelligence Analysts.
• Document all findings in a centralized case management system, including writing detailed narratives supporting findings and filing Suspicious Activity Reports (SAR) when necessary.
• Exercise solid judgment while examining, identifying, and documenting suspicious activity behaviors and patterns.
• Assist the FI Team Lead with the FI function through the management and implementation of policies, processes, and procedures.
• Act as a front-line technical resource for internal and external customers, including various Business Lines and managers.
• Serve as an expert on high-risk products and customer types, working escalated alerts as necessary.
• Evaluate the efficiency of existing surveillance systems, rules, and methodologies to ensure appropriate identification of fraud, kiting, money laundering, terrorist financing, or unusual account activity.

Requirements

• Associate's Degree or equivalent combination of education and experience in Risk, Compliance, Audit, Business, Law Enforcement, Technology, or Data Science.
• 2-4 years of experience in Risk, Security, banking, compliance, or audit.
• CAMS-Certified Anti-Money Laundering Specialist within 2 years (preferred).
• Other certifications such as CFE-Certified Fraud Examiner (preferred).

Nice-to-haves

• 3-5 years of experience in Risk, Security, banking, compliance, or audit (preferred).
• Less than 2 years of supervisory experience (preferred).

Benefits

• Retirement savings including both 401(k) and Pension plans.
• Paid time off to volunteer in your community.
• Opportunities to connect with others through diversity-focused Colleague Resource Groups.
• Competitive salaries with professional development and advancement opportunities.
• Bonus benefits including well-being programs and incentives, parental leave, and an employee stock purchase plan.