Job Description

This position is responsible for independent reviews and analysis of possible suspicious activity to ensure compliance with the Bank Secrecy Act (BSA) and the USA PATRIOT Act. This position provides research and evaluates Anti Money Laundering (AML) alerts and cases and accurately and sufficiently documents analysis and findings in the case management system. Takes referrals from other business units and does additional investigations to determine whether a Suspicious Activity Report (SAR) should be filed within regulatory guidelines. This position evaluates high risk accounts and activity for Enhanced Due Diligence (EDD) and makes recommendations regarding account retention. Additionally, this position reviews and responds to 314(b) requests as necessary. The BSA/AML Analyst II position requires an in-depth knowledge of federal and state laws and regulations to effectively assist in researching, preparing, implementing, maintaining, developing, and tracking all HomeStreet BSA/AML incidents. PRIMARY FUNCTIONS: Conducts timely BSA/AML investigations as necessary, including the filing of appropriate reports to law enforcement authorities or regulatory agencies. Maintains records and documentations needed to meet Regulatory and Audit requirements. Responds to AML/BSA, security and fraud situations; works closely with law enforcement officials. Independently reviews and investigates suspicious transaction incidents from all business lines. Recommends account closure to BSA Management when BSA concerns are identified. Responsible for conducting Enhanced Due Diligence (EDD) reviews of High-Risk customers. Responds to other Financial Institutions and or Law Enforcement as necessary. Contributes to SAR and BSA reports prepared for Management and the Enterprise Risk Management Committee of the Board. Evaluates the work product (STR and research documents) from both the Underwriter Forensic Mortgage Analyst II and BSA Compliance Analyst. Assists in the development of written AML/BSA prevention and detection procedures. Maintains a current and through understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends. Contributes to an effective working relationship with the various federal and local law enforcement agencies. Assist in the development of BSA/AML related trainings. Works with the BSA Officer to enhance the effectiveness and efficiency of the BSA program and supports the corporate strategic objectives and plans. Demonstrates an understanding of all regulations for assigned job function. Knowledge may be gained through coursework and on-the-job training as well as through articles and other resources. Stays up to date on current BSA/AML related trends. Advises the BSA Officer of major problems encountered in a timely manner. Responds to the Bank’s security, safety & fraud needs, as necessary. Ensures that the banks policies and procedures are adhered to. Initiates and develops process improvements to improve the position of the bank’s anti-money laundering program. Review SAR referrals from business units and determine if a SAR should be filed based on regulatory guidelines. All decisions to not file a SAR will be appropriately documented to support the determination. Other duties as requested or assigned. QUALIFICATIONS: BS or BA in Accounting/Finance or Criminal Justice preferred. Minimum of five years’ experience in the areas of retail operations, AML/BSA, fraud, compliance, or security. Detailed knowledge about the methods of conducting AML/BSA, fraud and criminal investigations and reporting, required. A thorough knowledge of federal and state deposit and lending regulations, as well as the IRS regulations that apply to the banking industry. A thorough knowledge of bank policy, procedures, and operational issues. Experience investigating cases of economic/financial crimes and fraud and preparing such cases to conform to the evidentiary rules required for criminal prosecution preferred. Strong analytical and organization skills. Ability to define problems, collect data, establish facts, and draw valid conclusions. Demonstrated high level of personal integrity, ability to professionally handle confidential matters, and reflect appropriate level of judgment and maturity. High level of proficiency in both oral and written communication skills, interpersonal and negotiating skills. Proficient with personal computers, experience with Windows, Microsoft Office software. Familiarity with investigative software programs also preferred. Ability to prioritize tasks and responsibilities effectively. High degree of initiative, dependability and ability to work with little supervision. Ability to work on multiple, concurrent projects. Ability to learn quickly, be accurate and timely in completing responsibilities with strong attention to detail. Ability to work cooperatively with, and maintain effective communication and working relationships with, co-workers and manager. Ability to work as part of a team, as well as independently and with people of diverse backgrounds. Able to accept and facilitate change, whether indicated by corporate needs, market or regulatory requirements. Washington State driver’s license and proof of auto insurance required. Position involves limited travel. MENTAL AND PHYSICAL CONSIDERATIONS: Willing and able to travel occasionally as needed. Operation of a Personal Computer and viewing information on a monitor. Must be able to sit for many hours each day. Must be able to communicate via telephone and possess dexterity to include filing documents, reaching and bending. May be required to stand for extended periods of time. Ability to lift or carry up to 20 pounds. Ability to speak English and express ideas and have difficult conversations in person and over the telephone. Ability to listen and comprehend speech. Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner. WORK ENVIRONMENT: Normal business office environment. Ability to sit in artificial light for extended periods of time. This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.

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