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BSA AML Senior Analyst - Investigations at Seacoast Bank

Posted in Management 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Fort Lauderdale, Florida





Job Description:

Do you have a growth mindset and thrive under pressure; you are probably a great fit for our team!


Our Associates are passionate about growth, innovation and collaboration. We are constantly striving to improve and better ourselves so that we can better support our clients.


Seacoast Bank is a fast growing community bank headquartered in Stuart, Florida. As banking continues to change, Seacoast Bank will become a leader in defining community bank in the future with our VISION 2020.


To help Seacoast Bank take another step toward the future we are growing our BSA AML team, creating a new hub out of Ft. Lauderdale, FL. We have a variety of areas to fill, including but not limited to Investigations and Enhanced Due Diligence.


General Duties and Responsibilities: Performs other duties as assigned



  • Retrieve and review financial transactions to identify activity commensurate with customer relationships that pose a higher financial risk exposure to the bank with emphasis on money laundering or terrorist financing.

  • Identify customer records that require further review and take action to obtain and follow-up on receiving documentation requested.

  • Interact with various lines of business to understand client transactions and concerns and recommend CIP/CDD updates.

  • Perform accurate and timely recommendations to changes in risk ratings or exiting of customer relationships.

  • Apply knowledge of risks identified, patterns and trends related to money laundering and terrorist financing that pose higher risk to the bank when reviewing customer relationships.

  • Communicate to supervisors and lines of businesses adverse findings that pose financial and reputations risk factors to the bank.

  • Identify and recommend enhancements to Investigation unit procedures.

  • Assist in Departmental functions, such as project implementation, management reporting and other special projects.

  • Assist the Departmental Manager in preparation, research, and responses to governmental, audit, and regulatory requests.

  • Maintain professional competency of current BSA/AML and OFAC issues by attending training seminars as assigned.

  • Adhere to confidential policies, code of ethics, and follow policies and procedures relative to Consumer Compliance laws and regulations and best practices.

  • Other duties as assigned by management and the BSA Officer.

  • Responsible for the maintenance and testing of the Business Continuity Plans and Recovery Procedures for areas of responsibility. Ensures that issues identified through testing or audit results are appropriately addressed and mitigated.  Also responsible for conducting annual awareness training to team members to familiarize them with key information on response strategies and recovery action plans.

Duties specific to Customer Enhanced Due Diligence Unit:



  • Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on current, new and/or potential customers that present a higher risk to the bank.

  • Perform Customer Risk Periodic Reviews for international and complex customer relationships.

  • Prepare and adequately support recommendations to escalate potential suspicious activity.

  • Capable of completing full investigations, making Suspicious Activity Report recommendations, and drafting SAR narratives to report suspicious activity.

  • Provide guidance and respond to inquiries from BSA Analysts, front-line and management regarding CIP/KYC and due diligence matters and case analysis.

  • Assist in completing new account reviews for customer relationships referred to the Customer Due Diligence Department (Politically Exposed Persons, Privately Owned ATM providers, Nongovernmental organizations, Foreign Businesses, etc.).

  • Apply research and risk methodology to assess customers for BSA risk and recommend risk rating assignments.

Duties specific to Investigations Unit:



  • Analyze customer account transactions to detect suspicious activity and make decisions on appropriate actions.

  • Work cooperatively with various business lines to establish procedures for identifying suspicious customer transactions, specific to money laundering and terrorist financing.

  • Based on outcome of investigations, analyze and provide documentation in order to determine if SAR will be filed for suspicious activity.

  • Assist departmental manager with quality control standards and technical aspects of SAR filings.

  • Assist in implementation of BSA/AML detection and prevention methods, such as training and revisions to internal processes.

Required Experience



  • Bachelor’s degree; or 5+ years of related experience, with emphasis on BSA Compliance and enhanced due diligence in accordance with CIP, KYC, BSA/AML, OFAC guidelines;

  • Proficient knowledge of BSA/AML;

  • Ability to read, analyze, and interpret Federal and State Banking Regulations; specifically, The Bank Secrecy Act and Anti-Money Laundering;

  • Ability to write reports and business correspondence;

  • Specific to Investigation Unit: Extensive experience in the technical requirements of the SAR form;

  • Advanced understanding of Microsoft Excel;

  • Highly organized and excellent communication skills;

  • Preferred certification: Certified Anti-Money Laundering Specialist.