BSA/AML Investigator

The BSA/AML Investigator is responsible for performing BSA/AML and OFAC Investigations of account activity, and recommending the filing of Suspicious Activity Reports, as appropriate.

Along with the key functions listed below, this position will be expected to uphold the value that Washington Federal places on simply being kind when working alongside colleagues and servicing our clients.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned:

Conduct research over available Bank systems, the Internet and Commercial Databases consistent with the the resolution of case reviews and investigations.
• Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
• Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. media search results, copies of statements/checks, results from internal system searches etc.)
• Perform sanctions screening for customers and incoming and outbound payments.
• Investigate sanctions issues and provide recommendations as necessary.
• Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements.
• Recommend relationship retention or termination and track account closures as required.
• Adhere to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations.

• Bachelor of Science or Bachelor of Arts degree
• One (1) to three (3) years of related experience -- AML, transaction monitoring, alert clearing, escalation investigations, and SAR drafting. May also have relevant experience in areas such as risk, operations, and audit
• Relevant industry qualifications in AML (e.g., ACAMS) preferred
• Knowledge of common money laundering methods and trends
• Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, the USA
• PATRIOT act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting
• requirements
• Research skills including experience with online search tools
• Knowledge of transaction monitoring systems and applicable rules
• Effective writing, analytical, and communications skills

At WaFd Bank you get all of these great benefits!

• Paid time off for vacation, sick days and holidays
• Health insurance
• Stock options
• Bonus programs
• Generous 7% 401(k) employer matching*
• Paid Parental Leave
• Life and AD&D insurance
• Long-term disability
• Tuition Reimbursement
• Employee assistance programs
• Pre-tax health and dependent-care spending plans

WaFd Bank Benefits Summary - Click here for more information

We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and/or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375

EEO Policy Statement - WaFd Bank

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