Umpqua Bank AML Investigations Analyst - Tigard - (JL23999) in Tigard, Oregon

AML Investigations Analyst - Tigard - (JL23999)

Job Requisition ID: JL23999

Job Title: AML Investigations Analyst - Tigard

Job Type: Full-Time

Location: Tigard, OR

Job Description:

Umpqua Bank is seeking an AML Investigations Analyst for our Tigard location.

This role is responsible for the day-to-day regulatory reporting requirements including monitoring, investigating and reporting suspicious activity, filing currency transaction reports and filing Office of Foreign Assets Control (OFAC) reports. Includes responsibility for anti-money laundering (AML) suspicious activity investigations and analysis. May perform and review Customer Due Diligence and Enhanced Due Diligence, assessing the risk of new customers to the bank; review alerts; perform Suspicious Activity investigations and when appropriate, prepare Suspicious Activity Reports for filing with FinCEN.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Perform review of assigned AML Transaction Monitoring System Alerts, Reports of Unusual Activity and legal processes to determine if activity is sufficiently unusual or out of character to warrant the assigning of the alert as a case for further investigation.

  • Analyze customer activity that has been assigned as a suspicious case for investigation.

  • Perform 314(a) and 314(b) information sharing outreach and responses to incoming information sharing requests to facilitate investigations into suspicious activity.

  • Identify suspicious or unusual activity and prepare all related investigations documents to support suspicious or non-suspicious decisions. Prepares Suspicious Activity Report (SAR) for filing with FinCEN when applicable.

  • Responsible for assigned group of High Risk Customers in order to perform ongoing Enhanced Due to include periodically reviewing transaction activity, and assess the overall AML risk rating and/or assign a risk rating to the customer.

  • Analyze identified High Risk customers and assess overall risk level and re-rate the customer as appropriate.

  • Responsible for compiling appropriate case notes and documentation to support recommendation to file or not file a SAR.

  • Maintain and demonstrate compliance with all bank regulations for assigned job function and apply to designated job responsibilities; follows all Bank policies and procedures, compliance regulations, and completes all required annual required or job-specific training.

  • Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual required or job-specific training. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become "The World's Greatest Bank."

  • May perform other duties as assigned.

SUPERVISORY RESPONSIBILITIES None

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES

  • Bachelor's Degree in business, economics, accounting, law, law enforcement or related fields preferred.

  • Certified Anti-Money Laundering Specialist (CAMS) or willingness to obtain.

  • 1 - 3 years relevant BSA/AML/OFAC, Compliance, Audit or Bank Operations experience.

  • Possess strong analytical and problem solving skills, with ability to gather, organize and interpret data and/or information, and formulate preliminary conclusions.

  • Proficient in the use of personal computers and related software packages such as MS Word, Excel.

  • Knowledge of overall BSA/AML, USA PATRIOT Act, and OFAC requirements and regulations.

  • Ability to exercise good judgment in assessing risk.

  • Ability to maintain confidentiality and adhere to security procedures.

  • Demonstrate strong communications skills, written and verbal and interpersonal skills to interact with a wide range of individuals and situations with tact, diplomacy and discretion.

PHYSICAL AND ENVIRONMENTAL DEMANDS

Office environment.

  • Work involves sitting, occasional walking and lifting up to 10 pounds.

  • Requires close visual acuity and interaction with computer keyboards and monitor.

  • Occasional travel required.

Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.

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