Financial Intel Analyst III

Overview

To perform Quality Control on the most complex research and analysis of Navy Federal account activity to identify red flags and suspicious activity in personal and business accounts. Perform Quality Control of in-depth risk reviews, currency transaction reports (CTRs), suspicious activity reports (SARs), Office of Foreign Assets Control (OFAC) hits, and other system alerts. Perform activity trend analysis and audit work of other Quality Control team members. Maintain knowledge of BSA/AML and OFAC history, regulations, and industry guidance. Support Business Unit staff in complying with established BSA/AML and OFAC policies and procedures. Maintain familiarity with typical legal business structures and normal activity by business industry. To respond to ad-hoc BSA/AML related queries and provide subject matter expertise to partner business units when applicable. Work is under limited supervision. Identify, review, and report suspicious activity and risk exposure across various delivery channels. Ensure adherence to applicable federal and state laws, rules and regulations.

Responsibilities

• Review referrals and investigations of various types and typologies of transactions/activities/cases (e.g., Anti-Money laundering, Structuring, Fraud)
• Perform Quality Control review of enhanced due diligence on member profiles, including 90-day and high-risk reviews, and associated recommendations
• Analyze account relationships, transactions, and business structures to ensure risk-based actions were taken appropriately, including escalation of suspicious activity
• Assist in preparing reports, including findings and recommendations
• Stay updated on industry regulations and best practices related to money laundering, financial crime, and terrorist financing
• Monitor timeline from identification/notification of BSA/AML activity to closure, ensuring service level agreements and regulatory requirements are met
• Perform regular audits of Quality Control Analysts' work to ensure consistent application of internal policy, procedures, and regulatory guidance
• Compile, prepare and maintain data for analysis and reference
• Partner within BSA/AML and OFAC functions to support high level projects and process improvements
• Maintain required documentation for NCUA, Internal Audit, and government law enforcement agencies
• Collaborate with other business units to gain an understanding of transactions, processes and procedures, their impact on other business units processes and procedures, and identify risk potential for fraud or other suspicious activity
• Support projects related to sanctions evasions, fraud or money laundering detection, prevention or root cause analysis
• Ability to maintain strict confidentiality and to demonstrate effective written and verbal communication skills
• Performs other duties as assigned

• Advanced knowledge of applicable federal and state laws, rules and regulations (e.g., Bank Secrecy Act, USA Patriot Act, and OFAC regulations)
• Experience in leading, guiding and mentoring others
• Advanced knowledge of fraud and/or money-laundering trends and threats
• Significant experience in working with all levels of staff, management, stakeholders, vendors
• Advanced skill following, interpreting, and applying relevant data/instructions to guidelines, procedures, practices, and regulations
• Advanced verbal and written communications skills
• Bachelor's degree in Business Administration, Criminal Justice, Finance, or related field, or the equivalent combination of education, training, and experience

• Fraud or AML Certifications: Certified Fraud Examiner, Certified Anti Money Laundering Specialist, etc.
• Understanding PEPs and business' corporate beneficial ownership