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Financial Intelligence Unit Analyst - Financial Crimes
Wesbanco Bank - Bowie, MD
posted 2 months ago
About the position
The FIU Analyst plays a crucial role in supporting the Financial Intelligence Unit (FIU) within the Fraud, Bank Secrecy Act, and Security Admin Department. This entry-level position is responsible for investigating and monitoring accounts and transactions to identify unusual activities related to fraud, money laundering, and compliance with Bank Secrecy Act (BSA) regulations. The analyst will analyze system-generated alerts for suspicious activities and ensure adherence to regulatory requirements while providing exceptional customer service.
Responsibilities
- Investigate and analyze system-generated BSA/AML/Fraud alerts for evidence of suspicious activity.
- Create cases from alerts for further review by investigators/supervisors.
- Contact banking center personnel and external customers regarding suspect items.
- Review Customer Due Diligence forms and CIP Records for completeness.
- Analyze customer history to ensure transactions align with expected activity.
- Ensure compliance with regulatory, legal, and bank requirements, including timely completion of assigned training.
- Attend educational sessions, seminars, and team meetings.
Requirements
- Bachelor's Degree or four years of banking experience or an equivalent combination of education and experience required.
- 2+ years of banking experience preferred, especially in BSA/AML or Operations.
- Experience related to Bank Secrecy Act, Anti-Money Laundering, Fraud, or Compliance is preferred.
- Proficiency in Microsoft Office products, including Outlook, Word, and Excel.
- Familiarity with internet research and ability to perform internet and bank systems research.
Nice-to-haves
- Strong analytical and problem-solving skills.
- Ability to manage alert volumes and prioritize assignments.
- Great attention to detail and ability to maintain confidentiality.
- Willingness to learn other assigned duties and new technologies quickly.
Benefits
- 17 days of Paid Time Off (PTO)
- 5 days of Short Term Disability (STD)
- 11 annual paid holidays
- Medical, dental, and vision insurance
- Health Care Flexible Spending
- Dependent Care Flexible Spending
- Transportation Fringe Benefit Plan
- Group Life and Long Term Disability insurance
- Optional Life and access to voluntary benefit products
- 401(k) with employee match
