Origin Bank
Summary:
Assists in ensuring the Bank’s compliance with the applicable aspects of the Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) regulations by monitoring, identifying, reporting, and investigating suspicious activity relative to potential money laundering activity, financial crimes and/or terrorist financing. The FCRM Analyst will assess the financial crimes risk of customers so as to ensure compliance with the myriad of BSA/AML regulations related to customer identification procedures (CIP), customer due diligence (CDD), procedures for enhanced due diligence (EDD), and beneficial ownership (BO).
Responsibilities
Performs scheduled Enhanced Due Diligence (EDD) reviews of accounts deemed as high risk, including but not limited to Money Service Businesses (MSBs), marijuana or cannabis-related or cannabis-adjacent related businesses (MRBs), Non-Bank Financial Institutions (NBFIs), Politically Exposed Persons (PEPs), Non-Resident Alien (NRA), privately-owned ATM operators (POATMs), Crypto-Currency, etc.; documents EDD monitoring and tags accounts appropriately in Verafin
Accurately analyzes transactional account trends and documentation to efficiently document a conclusion upon completion of EDD reviews of high risk customers. Makes recommendations to accept high risk, mitigate to medium/moderate risk, or refer for account closure
Provides updated information to the appropriate Financial Crimes Risk Manager for updating/revising procedures for the handling of newly identified high-risk customers, including the proper method to review such accounts and to report suspicious activity, document relationships and/or recommendation of account closure if deemed necessary
Reviews reports in Verafin to determine if there are NGO (Non-Government Organizations), MRBs (Marijuana-Related Businesses), or MSB (Money Services Businesses) unidentified in the BSA system. Adds tags and comments as needed
Evaluates transactional activity in accounts identified as Privately Owned ATMS (POATMs) or MSBs to determine any unusual patterns or lack of cash activity based on trends
Stays up-to-date on MSB and MRB requirements for Louisiana, Mississippi and Texas, Alabama, and Florida as well as federal guidelines
Communicates with applicable bank personnel to obtain any further documentation and/or information necessary to complete the investigations or reviews of high risk accounts
Tracks documentation required on all MSBs and directly works with retail and lending employees to resolve any exceptions
Processes alerts in Verafin that reflect any Privately-Owned ATM type transactions for accounts not previously identified as POATM owners
Adds comments to new Remote Deposit Capture (RDC) accounts in Verafin with risk rating assigned
May be assigned alerts in Verafin for red flags or new account scenarios and others as assigned to review and determine if the alert can be cleared or needs further investigation
Utilizes a variety of internal bank systems and external research tools to investigate, research, and prepare documentation related to anti-money laundering investigations
Develops an understanding of the industry and AML related regulations, as well as patterns of behavior that represent suspicious activity
Stays up-to-date on current and new policies and regulations as they relate to anti-money laundering schemes and characteristics
Supports any special projects or critical casework regarding BSA/AML matters
Supervisory Responsibilities This job has no supervisory responsibilities.
Competencies
Analytical and Design – Strong problem solving and analytical skills; solid technical troubleshooting and ability to manage multiple complex projects
Problem Solving – Identifies and resolves problems in a timely manner; Gathers and analyzes information; works well in group problem solving; uses reason even with confidential topics
Interpersonal Skills/Customer Service – Maintains confidentiality; open to others' ideas; responds to requests for service; meets commitments
Oral and Written Communication – Speaks clearly and persuasively; listens and seeks clarification; reads and interprets written information
Teamwork – Builds positive team spirit; supports team success
Organizational Support – Follows policies and procedures; completes tasks accurately and on time
Judgment and Motivation – Exercises sound judgment; explains reasoning; includes appropriate people in decisions; makes timely decisions
Planning/Organizing – Prioritizes and plans work activities; uses time efficiently
Professionalism – Treats others with respect; remains tactful under pressure
Quality and Quantity – Demonstrates accuracy and thoroughness; completes work in a timely manner
Adaptability – Adapts to changes in the work environment; manages competing demands
Attendance/Punctuality and Dependability – Consistently at work and on time; follows instructions; commits to required hours when necessary
Qualifications Education And/or Experience
Bachelor's degree (B.A.) from four-year college or university preferred; minimum three years of banking experience required including recent bank BSA compliance experience within the last 12 months; or equivalent combination of education and experience.
Certifications
Certified Anti-Money Laundering Specialist (CAMS) and/or Certified AML and Fraud Professional (CAFP) certification preferred or willingness to obtain within one year.
Computer Skills
Knowledge of Internet, Outlook, Word and Excel; ability to learn bank-specific software such as Verafin, IBS (Core), IBS (Teller Insight).
Other Skills
Maintains knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and bank policies; understands how to operate systems and software used to obtain customer information, transaction history, and archive reports used for the BSA program.
Bank Culture/Customer Service Skills
Ability to interact professionally with employees, customers and supervisors; provide service to internal and external customers in a manner that reflects well on Origin Bank.
Physical Demands The employee is frequently required to stand, walk, sit, use hands, and talk or hear. Occasionally required to reach, climb or balance, stoop, kneel, crouch, or crawl. May lift up to 25 pounds.
Work Environment The noise level in the work environment is usually moderate.
This job description reflects management's assignment of essential functions and may be adjusted as needed. Origin Bank is an equal opportunity employer in compliance with applicable laws.
Remote positions are intended to be filled in states within our footprint, which includes: Alabama, Florida, Louisiana, Mississippi, and Texas. Any exception requires regulatory review and approval by management.
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Assists in ensuring the Bank’s compliance with the applicable aspects of the Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) regulations by monitoring, identifying, reporting, and investigating suspicious activity relative to potential money laundering activity, financial crimes and/or terrorist financing. The FCRM Analyst will assess the financial crimes risk of customers so as to ensure compliance with the myriad of BSA/AML regulations related to customer identification procedures (CIP), customer due diligence (CDD), procedures for enhanced due diligence (EDD), and beneficial ownership (BO).
Responsibilities
Performs scheduled Enhanced Due Diligence (EDD) reviews of accounts deemed as high risk, including but not limited to Money Service Businesses (MSBs), marijuana or cannabis-related or cannabis-adjacent related businesses (MRBs), Non-Bank Financial Institutions (NBFIs), Politically Exposed Persons (PEPs), Non-Resident Alien (NRA), privately-owned ATM operators (POATMs), Crypto-Currency, etc.; documents EDD monitoring and tags accounts appropriately in Verafin
Accurately analyzes transactional account trends and documentation to efficiently document a conclusion upon completion of EDD reviews of high risk customers. Makes recommendations to accept high risk, mitigate to medium/moderate risk, or refer for account closure
Provides updated information to the appropriate Financial Crimes Risk Manager for updating/revising procedures for the handling of newly identified high-risk customers, including the proper method to review such accounts and to report suspicious activity, document relationships and/or recommendation of account closure if deemed necessary
Reviews reports in Verafin to determine if there are NGO (Non-Government Organizations), MRBs (Marijuana-Related Businesses), or MSB (Money Services Businesses) unidentified in the BSA system. Adds tags and comments as needed
Evaluates transactional activity in accounts identified as Privately Owned ATMS (POATMs) or MSBs to determine any unusual patterns or lack of cash activity based on trends
Stays up-to-date on MSB and MRB requirements for Louisiana, Mississippi and Texas, Alabama, and Florida as well as federal guidelines
Communicates with applicable bank personnel to obtain any further documentation and/or information necessary to complete the investigations or reviews of high risk accounts
Tracks documentation required on all MSBs and directly works with retail and lending employees to resolve any exceptions
Processes alerts in Verafin that reflect any Privately-Owned ATM type transactions for accounts not previously identified as POATM owners
Adds comments to new Remote Deposit Capture (RDC) accounts in Verafin with risk rating assigned
May be assigned alerts in Verafin for red flags or new account scenarios and others as assigned to review and determine if the alert can be cleared or needs further investigation
Utilizes a variety of internal bank systems and external research tools to investigate, research, and prepare documentation related to anti-money laundering investigations
Develops an understanding of the industry and AML related regulations, as well as patterns of behavior that represent suspicious activity
Stays up-to-date on current and new policies and regulations as they relate to anti-money laundering schemes and characteristics
Supports any special projects or critical casework regarding BSA/AML matters
Supervisory Responsibilities This job has no supervisory responsibilities.
Competencies
Analytical and Design – Strong problem solving and analytical skills; solid technical troubleshooting and ability to manage multiple complex projects
Problem Solving – Identifies and resolves problems in a timely manner; Gathers and analyzes information; works well in group problem solving; uses reason even with confidential topics
Interpersonal Skills/Customer Service – Maintains confidentiality; open to others' ideas; responds to requests for service; meets commitments
Oral and Written Communication – Speaks clearly and persuasively; listens and seeks clarification; reads and interprets written information
Teamwork – Builds positive team spirit; supports team success
Organizational Support – Follows policies and procedures; completes tasks accurately and on time
Judgment and Motivation – Exercises sound judgment; explains reasoning; includes appropriate people in decisions; makes timely decisions
Planning/Organizing – Prioritizes and plans work activities; uses time efficiently
Professionalism – Treats others with respect; remains tactful under pressure
Quality and Quantity – Demonstrates accuracy and thoroughness; completes work in a timely manner
Adaptability – Adapts to changes in the work environment; manages competing demands
Attendance/Punctuality and Dependability – Consistently at work and on time; follows instructions; commits to required hours when necessary
Qualifications Education And/or Experience
Bachelor's degree (B.A.) from four-year college or university preferred; minimum three years of banking experience required including recent bank BSA compliance experience within the last 12 months; or equivalent combination of education and experience.
Certifications
Certified Anti-Money Laundering Specialist (CAMS) and/or Certified AML and Fraud Professional (CAFP) certification preferred or willingness to obtain within one year.
Computer Skills
Knowledge of Internet, Outlook, Word and Excel; ability to learn bank-specific software such as Verafin, IBS (Core), IBS (Teller Insight).
Other Skills
Maintains knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and bank policies; understands how to operate systems and software used to obtain customer information, transaction history, and archive reports used for the BSA program.
Bank Culture/Customer Service Skills
Ability to interact professionally with employees, customers and supervisors; provide service to internal and external customers in a manner that reflects well on Origin Bank.
Physical Demands The employee is frequently required to stand, walk, sit, use hands, and talk or hear. Occasionally required to reach, climb or balance, stoop, kneel, crouch, or crawl. May lift up to 25 pounds.
Work Environment The noise level in the work environment is usually moderate.
This job description reflects management's assignment of essential functions and may be adjusted as needed. Origin Bank is an equal opportunity employer in compliance with applicable laws.
Remote positions are intended to be filled in states within our footprint, which includes: Alabama, Florida, Louisiana, Mississippi, and Texas. Any exception requires regulatory review and approval by management.
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