Analyst, Bank Secrecy (Investigations)

Dive into the world of financial scrutiny and become a crucial part of our team as a BSA Investigations Analyst. We're on the hunt for individuals with a sharp analytical edge and curiosity for financial investigation. Join us in making an impact in a dynamic and forward-thinking environment.

The Analyst, Bank Secrecy (Investigations) is responsible for conducting financial investigations by collecting, evaluating, and analyzing information or evidence related to known or suspected money laundering, terrorist financing, organized crime, and any other financial crime activity to determine if the filing of a Suspicious Activity Report (SAR) is required. Such review is required to ascertain the Bank’s compliance with federal regulations related to the Bank Secrecy Act (BSA), anti-money laundering (AML) and OFAC. This position works hybrid and is based in San Juan, PR.

MAJOR DUTIES & RESPONSIBILITIES:   

• Write and prepare qualitative investigative narratives and Suspicious Activity Reports (SARs) and recommend relationship retention or termination in a timely manner in compliance with the timeframes required by federal laws & regulations.

• Ascertain that adequate analysis, documentation and uniform evaluation is applied on all cases according with the internal procedures.  Refer for further investigation any possible unusual activity observed within a review that is not necessarily related to the subject under analysis.

• Timely follow up on information requests to ascertain prompt case review resolution to comply with regulations requirements.

• Assist the business in approving OFAC inquiries and possible matches.

• Establishes and maintains effective liaison and communication with business, operational units, and any other employee of the bank to enhance resolution efforts and promote BSA / AML policies and procedures.  

• Other duties may be assigned.

EDUCATION AND EXPERIENCE:

• Bachelor’s degree in business administration, finance, criminal justice, or any other related field required. 

• Two (2) years of relevant banking related BSA/AML analysis, fraud, compliance, transactional, retail, or operational experience required. One (1) year of BSA investigations experience is highly desirable.

• The minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge, skills and abilities.

• Knowledge of the BSA, AML, KYC rules and OFAC’s general dispositions and requirements.

• Ability to identify and analyze unusual and suspicious transactions or activity.

• In depth analytical thinking & high attention to detail required.

• Effective communication skills to facilitate data gathering and follow up.

• Excellent written and verbal communication skills in both: English and Spanish. Technical writing ability regarding BSA, AML & SAR terminology preferred.      

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WORK AUTHORIZATION & ELEGIBILITY:

• Legally authorized to work in the US is required. This position is of indefinite duration and requires candidates to have permanent or ongoing work authorization.
• Employee is responsible for maintaining eligible work authorization throughout his tenure with the organization.

Oriental is an Equal Opportunity Employer (EEO/Affirmative Action for Veterans/Workers with Disabilities)

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