BSA Specialist II (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years).
Competitive pay and discretionary or incentive bonus eligible.
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Promote from within culture.
Why join this team?
Hybrid Work Schedule – Split your time working remotely and at our Corporate Headquarters in Rosemont, IL
An entrepreneurial culture with opportunity for growth
Position Summary
The BSA Specialist II - Investigations position is responsible for in-depth investigations that are escalated from the alerting and monitoring processes and from enterprise-wide referrals. This role has a working knowledge of BSA/AML/OFAC regulations and an overall understanding of banking products and services, preferably holds industry certifications, has experience working with anti-money laundering software, conducting investigations, and filing Suspicious Activity Reports (SARs). Coverage includes enterprise-wide review of our accountholders and their transactions: looking for unusual or suspicious activity; investigating potential suspects and provide adequate documentation of identified cases; and is responsible for the completion of filing of suspicious activity reports when appropriate. The position supports the overall BSA compliance efforts as required under the Bank Secrecy Act and the Bank's BSA/AML/ USA Patriot Act and OFAC Compliance Program and Procedures.
What You'll Do
Identify and analyze customer relationships for unusual and suspicious activity.
Provide accurate documentation of the suspicious activity and recommends appropriate actions.
Prepare Suspicious Activity Reports (SARs) and follows appropriate review, documentation and follow-up steps as outlined in Bank's BSA/AML Program.
Maintain confidentiality of reports and documentation as required by law.
Review legal requests, 314b reviews, law enforcement requests, fraud investigation referrals, and conducts account reviews from a BSA/AML/USA Patriot Act perspective.
Communicate internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts, and provide recommendations for case resolution, including account closure.
Provides other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Bank's BSA/AML and OFAC Compliance Program.
Qualifications
3-5 years banking experience and 3-5 years BSA experience.
Working knowledge of various laws, regulations and guidance as it relates to BSA, AML and OFAC.
Must have experience in preparing and filing SARs (Suspicious Activity Reports).
Strong communication, critical thinking, problem solving and time management skills.
Experience with automated anti-money laundering software preferred.
Bachelor's degree preferred
Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated hourly rate for this role is $27.41-$37.02, along with eligibility to earn an annual bonus. Actual pay rate may vary based on several factors, such as a candidate's qualifications, skills and experience.
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From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
