Umpqua Bank AML Investigations Analyst in Tigard, Oregon
In this role, you will be responsible for the day-to-day regulatory reporting requirements including monitoring, investigating and reporting suspicious activity. The work includes responsibility for anti-money laundering [AML] suspicious activity investigations and analysis including reviewing alerts; performing Suspicious Activity investigations and when appropriate, prepare Suspicious Activity Reports for filing with FinCEN.
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.
Compile appropriate case notes and documentation to support recommendation to file or not file a SAR.
Demonstrate compliance with all bank regulations that apply to your position, and keep up to date on regulation changes.
Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations that apply to your position.
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 Requirements and Environmental Conditions
Lifting up to 10 pounds.
Occasional travel required.
No relocation is offered
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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