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Financial Intelligence Analyst
Webster Financial Corporation
New Britain, CT, United States
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Job Description/ Requirements
If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935 by Harold Webster Smith, our focus has always been to put people first--doing whatever we can to help individuals, families and businesses achieve their financial goals. And while we've grown into a leading commercial bank, we remain passionate about serving our customers, supporting our communities, and making a difference in people's lives. We can make a difference in your life, too. By empowering you to build the meaningful career you've been looking for.
Responsibility, respect, trust, teamwork and citizenship are the values on which Webster was founded. Together we call them The Webster Way, and they are what set us apart as a bank and an employer. Guided by these values, we put people first - working hard to live up to our customers, and each other, every day.
Webster Bank is seeking a Financial Intelligence Analyst with knowledge of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) requirements to fulfill the following duties:
Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates.
Research BSA/AML regulatory requirements to support mitigation of compliance risks for Webster Bank, N.A. and its affiliates.
• Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates
• Review daily cash transactions and analyze to properly file Currency Transaction Reports (CTR).
• Communicate with Webster Bank's branch personnel and provide guidance with completion of currency transaction reports.
• Investigate suspicious cash transactions, utilizing previous experience, exhibit independent judgment to determine the appropriate course of action for suspicious activity.
• Utilize Anti-Money Laundering and Terrorist Financing Software for suspicious activity detection.
• Assist in the CTR exemptions application and renewal process.
• Communicate the results of BSA/AML analysis and/or research to appropriate Corporate Compliance/Enterprise Risk Management including conclusions and recommendations for next steps.
• As applicable, perform detailed testing or monitoring to identify BSA/AML control issues or deficiencies which require corrective action and resolution; include root cause analysis.
• Assist in the preparation of the appropriate management reports summarizing findings and recommendations.
• Assist in tracking BSA/AML testing and training results.
• Interpret and maintains a strong knowledge of all current and proposed BSA/AML laws and regulations.
EDUCATION, EXPERIENCE & SKILLS
• Bachelor's Degree in Business, Accounting, Finance,Economics, Criminal Justice or two or more years of related experience -- BSA or Corporate Compliance, Banking, Investigations
• Knowledge of and experience with Bank Secrecy Act (BSA) and Anti-Money Laundering Regulations
• Proven ability to work independently in a high volume environment
• Strong analytical and computer skills
• Association of Certified Anti-Money Laundering Specialists (ACAMS) preferred
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