Fraud Analysts

Fraud Analyst Washington Trust Bank

• 3.6 Spokane, WA Job Details $20.67
• $51.

39 an hour 1 day ago Qualifications Compliance risk assessment Transaction monitoring Internal controls Data reporting Mid-level Microsoft Office Compliance management implementation Administrative experience Pattern recognition Economic sanctions regulations Task prioritization Anti-Money Laundering (AML) compliance (compliance procedures implemented) Decision making Accounting Data interpretation Organizational skills ACH Participating in conferences Document archiving Regulatory submissions Due diligence Business Administration Criminal investigation Training Business Escalation handling Risk assessment implementation Accounting Communication skills Technical Proficiency Anti-money laundering investigation Time management Full Job Description

• This role is open to remote work within the Washington Trust Bank footprint of WA, ID and OR.
• This position is responsible for supporting the FRAML department with the day-to-day implementation and administration of the WTB's

BSA/AML/OFAC Compliance Program, established procedures and internal controls. This position may function in more than one of the following areas: decision-making automated monitoring alerts, escalating appropriate alerts for investigation, documenting the outcome of the investigation; preparing and filing required regulatory reports (CTR and SAR) to FinCEN; identifying, responding to, and investigating incidents of fraud or unauthorized activity such as card fraud, check fraud, ACH fraud, wire fraud and identity theft; and completing Enhanced Due Diligence reviews. Generally, this position requires independent, technical analysis in all job duties and may function as a subject matter expert at the discretion of the BSA Officer. Essential Functions BSA/AML/OFAC Reviews alerts generated from WTB's automated monitoring system to identify customer transactions that present an increased risk of money laundering and/or suspicious activity. Reviews alerts generated from 314a Information Sharing request and file regulatory reports with FinCEN as required. Investigates 314b Information Sharing requests as assigned and prepares 314b Information Sharing request for processing. Reviews OFAC alerts generated from WTB's activities to identify alerts that can be either cleared or actioned to the BSA Officer. Meet expected review timeframes for alert review, case investigations, and regulatory filings. Utilize critical thinking, trend/pattern analysis, and documentary review to support conclusions. Completes the daily Currency Transaction Reporting (CTR) requirements in accordance with specific guidelines and timeframes. Investigates and documents unusual customer activity or transaction patterns, identified by line personnel, utilizing the Bank's various software applications and reports to determine if activity is suspicious in nature. Completes annual review of exempt Currency Transaction Reporting customers. Escalates issues as warranted to team lead and department management Completes Enhanced Due Diligence reviews within required time. Assists the BSA Officer in identifying and assessing risk. Responsible for meeting risk management compliance expectations as they pertain to the BSA/AML/OFAC requirements. Maintains knowledge of current FFIEC BSA/AML Examination manual. Administrative Duties Collaborates and communicates with a broad range of contacts in

• and out-side the Bank, providing timely, relevant information and assistance.

Answers department related questions and inquiries from employees within scope of responsibility, offering assistance and guidance that encourages a positive work environment. Thoroughly documents work and ensures work products are archived in accordance with department procedures. Fraud Reviews the bank's automated monitoring software's daily fraud alerts to determine if fraudulent activity has occurred and if further investigation is warranted. Acts as fraud investigator to confer with complainants, attorneys, law enforcement agencies, Bank counsel, and others to resolve fraud investigations. Centrally compiles and inputs fraud reporting information for Bank use and BSA/AML reporting. Generates reports from Fraud monitoring systems. Reviews reported fraudulent transactions for potential suspicious activity concerns. Related Functions Performs special investigations or projects, as assigned. Assists in providing selected fraud and BSA/AML training to business units as assigned. Evaluates and makes recommendations to strengthen the control environment or improve monitoring techniques to promote compliance with the BSA/AML/OFAC Compliance Program and approved department procedures. Obtains and maintains professional certification and expertise through attendance at meetings of professional organizations, conferences, seminars, etc. Works closely with line management and staff to document and communicate issues. Performs compliance and risk mana Apply tot his job Apply To this Job