Financial Crimes Specialist

Financial Crimes Specialist

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General Function: Investigates, monitors and reports on cases involving potential threats to the Bank to ensure compliance with regulatory requirements. Responsible for filing applicable reports and escalating financial crime related matters when appropriate.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Essential Duties and Responsibilities:

• Reviews and analyzes system activity and generated alerts in accordance with Financial Crimes Compliance expectations.
• Ability to analyze Financial Crimes and Fraud related triggers related to risk activity.
• Appropriately escalates matters associated with Financial Crimes activity that warrants engagement from supervisory staff.
• Prepares reports and recommends appropriate follow-up.
• Provides Financial Crimes related support and works with the first line of defense for the bank.
• May provide customer support to internal and external customers. Works with various business units to understand the Financial Crimes and Fraud alerted activity and to ensure compliance with laws.
• Possesses working knowledge of industry trends.
• Ability to complete assigned work in a timely and accurate manner.
• Ability to communicate effectively verbally and in writing with internal and external customers on Financial Crimes or Fraud related matters.
• Performs other duties as required.

Bank Secrecy Act Requirements: Responsible for adhering to the reporting and record keeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the bank's customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.

Supervisory Responsibilities: None.

Minimum Knowledge, Skills and Abilities Required:

• One to three years of specialist experience in compliance, investigative work, or a related field.
• Associates Degree or commensurate work experience.
• Strong analytical, problem-solving, and conflict resolution skills.
• Demonstrated knowledge of Suspicious activity in regard to financial institutions, money laundering trends, terrorist financing indicators, the Bank Secrecy Act, Anti-Money Laundering efforts, USA PATRIOT Act, Fraud and OFAC.
• Functional understanding of federal and state laws and regulations pertinent to the position
• Strong oral and written communication skills.
• Highly organized with the ability to multi-task detailed items and follow-up as needed.
• Proactive in identifying potential concerns and following-up to resolve such issues.
• Excellent teamwork, interpersonal and relationship building skills.
• Ability to make decisions or know when to escalate matters to management.
• Ability to collaborate with others, initiate action, adapt to change and accept challenging assignments.
• Ability to communicate with management.
• Ability to work independently and meet deadlines.
• Proficiency with Microsoft Office Suite.

Working Conditions:

• Normal office environment with little exposure to dust, noise, temperature and the like.
• Extended viewing of a CRT screen.

Location -- Cincinnati, Ohio 45227