Financial Crimes Compliance Investigator

Financial Crimes Compliance Investigator

The Financial Crimes Compliance Investigator is responsible for ensuring compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, including Suspicious Activity Reporting (SAR), Customer Identification Program (CIP), Office of Foreign Assets Control (OFAC), Currency Transaction Reporting (CTR), and USA PATRIOT Act requirements. They investigate, analyze, and make decisions regarding complex BSA-related cases, review transaction alerts for suspicious activity, write enhanced due diligence (EDD) and SAR narratives, interpret policy, stay current on regulations, and ensure timely reporting of suspected activity.

What You’ll Do at Arvest:

• Analyze financial information, including customer account activity, business type, structure, and tax returns to arrive at concise written analyses for potential financial crimes and prepare SAR and documentation of SAR no filing determination.
• Provide analyses to management regarding termination of account relationships, as needed.
• Execute the Bank’s EDD regulations, policies, and procedures applicable to EDD monitoring.
• Review high-risk customers identified through high-risk scoring methodology, transaction monitoring, and other sources to determine whether the assigned customer risk profile remains accurate.
• Communicate with account officers, relationship managers, and business lines to obtain needed documentation for EDD or SAR investigations.
• Support the Bank’s OFAC Sanctions program including analysis of potential name matches with supporting analysis.
• Guide business lines regarding OFAC-related issues including system parameters for screening potential name matches, as needed.
• Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
• Other duties may be assigned.

Responsibilities

Required Toolbox for Success:

• Bachelor’s Degree in Finance, Business Administration, Accounting, or a related field of study, or equivalent related work or military experience
• Working knowledge of Google Workspace and other applicable software
• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders
• Must possess excellent analytical reasoning skills and demonstrated ability to identify potential problems, collect data, establish facts, and draw conclusions regarding BSA/AML suspicious activity monitoring and reporting
• Outstanding organizational skills and attention to detail, with the ability to manage multiple tasks and deadlines effectively
• Ability to participate, contribute, and lead efforts to resolve issues identified by internal review, federal regulators, or auditors
• Proven ability to identify suspicious activity and to provide factual analysis or interpretations of data or information sources in a timely manner
• Relevant military experience is considered for veterans and transitioning service members

Preferred Toolbox for Success:

• 2 years of direct work experience in BSA/AML or a similar analytical position demonstrating progressively responsible accountabilities
• Proven investigative and analytical experience
• Certified Anti-Money Laundering Specialist (CAMS) certification
• Knowledge of financial products and services, delivery channels, transaction monitoring systems, and various supporting operational processes

Physical Demands:

• The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

• We offer competitive compensation, benefits packages, and significant professional growth.

• Arvest Bank is committed to providing equal opportunity to all persons regardless of race, color, race-based hairstyles and textures, religion, marital status, sex, sexual orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis, which now or in the future may be specified by law.

• Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.

• Grade 15

• Pay Range: 30.10 - 37.60 per hour