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BSA/AML Transaction Monitoring Investigator, Assoc II

Company: Bank of the West
Location: Omaha
Posted on: June 12, 2021

Job Description:

What sets Bank of the West apart from other banks is our team members-they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values-straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity - an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines - Retail Banking, Commercial Banking, National Finance, and Wealth Management.

Position Summary

Responsible to detect, review and report on potential suspicious activities filtered by various AML systems. In addition, he/she may investigates external inquiries via Legal (subpoenas), internal investigations other groups (fraudulent instruments and inquiries), and capital markets related transaction activity.


  • Review and detect suspicious activity based on a variety of AML Systems generated transactional alerts from transactional activity (which may include wire transfers, checks, security transactions, trade finance letters of credit, loans and cash letters).
  • Determine if alerts can be closed or warrant further investigation and elevation to an active investigation in the case management system.
  • As necessary, use available research tools (public internet sources as well as third party sites) to identify information concerning transactions identified for further investigation.
  • Research past alerts and cases to see if previous investigations have taken place and what conclusions were made.
  • Request additional information by contacting various compliance or business personnel throughout the organization to determine if facts and circumstances surrounding unusual transactions warrants closure of the investigation or if further reporting is warranted.
  • Escalate unusual activity or lack of responsiveness to inquiries to Management.
  • Document investigations in case management tool.
  • Draft Suspicious Activity Reports ("SARs") as warranted.
  • Actively participate in Team discussions, Committees, projects and proposals.
  • Assist in the creation, development and review of Compliance procedures.
  • Prepare reports to Management as assigned.
  • Review anticipated activity of clients and compare with actual activity recorded in the system.
  • Liaise with Management regarding procedural issues and methodology used in alert completion.
  • Prepare reports using Excel to display transaction flow of payments and/or other payment activities.
  • Assist in the coordination of list management within the monitoring system (country risk ratings; alternative country spellings and abbreviations; watch list; etc.).
  • Be able to work independently.

Job Specifications

  • Undergraduate Degree in Mathematics, Criminal Justice, Business, or related field.
  • ACAMS, CFE, CFCS, CFS certifications preferred.

  • 3 years' experience in transaction analysis and/or surveillance.
  • Experience and knowledge of BSA/AML and Sanctions issues is preferred.
  • Experience with Correspondent Banking and Capital Markets is preferred.
  • Experience with Actimize strongly preferred.
  • MS Excel, MS PowerPoint skills required.
  • Strong capability with data analytics/manipulation programs and concepts.
  • Strong technical and analytical skills required.
  • Good interpersonal and communication skills.

Keywords: Bank of the West, Omaha , BSA/AML Transaction Monitoring Investigator, Assoc II, Other , Omaha, Nebraska

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