Financial Intelligence Unit Job Description
Financial intelligence unit
provides key leadership and tactical support for the Firm wide BSA/AML/OFAC policies, program and procedures, as well as, governance oversight for key BSA/AML/OFAC initiatives.
Financial Intelligence Unit Duties & Responsibilities
To write an effective financial intelligence unit job description, begin by listing detailed duties, responsibilities and expectations. We have included financial intelligence unit job description templates that you can modify and use.
Sample responsibilities for this position include:
Maintains knowledge of developments in the area of anti-money laundering, including FinCEN and OCC requirements relating to BSA/AML and the USA PATRIOT Act
Based on scheduled processes/program requirements, review system FIU alerts for escalation to SAR filing queue
Review externally submitted alerts (suspicious incident referrals) for escalation to SAR filing queue
Perform back up to various fraud system alerts for core related fraud monitoring
Kite Manager
Support the FIU team with various customer service (internal and external) responsibilities, providing a resource to bank staff/partners, assist and recommend training for self and staff, perform enhanced due diligence requests for additional customer information
Analyze trends and patterns in alerts for GFC coverage areas by effectively employing advanced analytic tools Firmwide
Query and mine large data sets to discover transaction patterns, examine financial data and filter for targeted information using traditional predictive/advanced analytic methodologies
Conduct cross-sector reviews among multiple Business Units and GFC coverage areas
Recommend enhancements to key components of the AML-Transaction Monitoring System as required
Financial Intelligence Unit Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Intelligence Unit
List any licenses or certifications required by the position: CAMS, CFE, ACAMS, BSA/AML, CFCS, AML, ACFE, OFAC, CRCM
Education for Financial Intelligence Unit
Typically a job would require a certain level of education.
Employers hiring for the financial intelligence unit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Graduate, Law, Economics, Finance, Financial Services, Education, Accounting, Accountancy, Criminal Justice
Skills for Financial Intelligence Unit
Desired skills for financial intelligence unit include:
Laws applicable to money laundering
OFAC requirements
Suspicious Activity Reporting requirements
Global AML/CFT/Fraud laws and regulations
US Treasury AML guidelines
USA Patriot act
Domestic and international higher risk countries
Jurisdictions and corridors of AML/CTF concern
BSA/AML/OFAC
Digital Currencies
Desired experience for financial intelligence unit includes:
Financial services laws, rules and codes with which the business has to comply
Adhere to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at
The earliest opportunity
Fostering a compliance culture and optimising relations with regulators
Bachelor’s or Masters Degree in Finance or Accounting with at least 7-10 years relevant experience in a similar function
Proven hands-on experience in using, operating or developing large-scale financial control systems (General Ledger, Accounts Payable/Receivable, Fixed Assets) and management reporting systems, including cost allocations and funds transfer pricing, referred to collectively as the Financial Platform
Financial Intelligence Unit Examples
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Financial Intelligence Unit Job Description
Job Description Example
Our growing company is looking to fill the role of financial intelligence unit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial intelligence unit
- Researches high risk monitoring alerts or exception reports to ensure appropriate documentation of resolution of alerts or exceptions and includes a clear audit trail of the disposition steps
- Recommends and supports escalation of unusual or potentially suspicious activity to AML group for investigation and SAR filing
- Evaluates the validity and reliability of the CIP, CDD or EDD information gathered by conducting searches of informational databases and other research sources
- Retrieves and reviews financial transactions to identify activity commensurate with customer relationships that pose a higher risk of money laundering or terrorist financing
- Demonstrates proficiency in research and investigative practices associated with an experienced analyst and assess customers for BSA risk and assign risk ratings
- Identifies weaknesses in Bank policy or department procedures which may place the Bank at risk and suggests improvements to those policies and procedures
- Supervises and participated in departmental activities including
- Conducts periodic reviews of daily work from all groups by random sampling to test for accuracy, timeliness and completion, and reports results to management
- Provides recommendations/guidance to other departments regarding any detected BSA deficiencies
- Maintains a training program for all employees and assists in the training process to ensure staff is properly equipped
Qualifications for financial intelligence unit
- Solid knowledge of banking products (experience building financial data warehouses and interfaces from banking product systems is a plus)
- A proven ability to work in teams, adapt rapidly to changing environments and multi-task
- Manage receipt and communication of government requests of FIU data
- Manage customer exemption process for exempting from CTR filing
- Track, collect and prepare data for the annual OCC Money Laundering Risk Survey
- Assist with data entry of SAR filing information
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Financial Intelligence Unit Job Description
Job Description Example
Our company is growing rapidly and is looking for a financial intelligence unit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial intelligence unit
- Reviews business lines’ procedures on an annual basis to determine if they comply with CIP and other provisions of BSA and OFAC
- Assists the AML Quality Control Manager with the administration of a Quality Control Program
- Communicates any errors/discrepancies found to the appropriate individuals and ensures that corrective action is taken
- Assists and supports other roles within the Corporate BSA department
- Collects appropriate information from FIU management and line staff to create documentation related to new or revised policies and procedures
- Understands the Banking Secrecy Act, Anti-Money Laundering, customer and enhanced due diligence, and fraud processes
- Participates in projects with management and subject matter experts from related departments with focus on high-priority changes such as regulatory or internal policy changes specific to FIU
- Determines content of department user manuals and performs all of the technical writing for the creation and maintenance of systems operations manuals and desktop procedures for internal use
- Assists the department manager in publishing and maintaining on-line files on the department SharePoint site
- Assists the manager with the executive level and Board of Directors materials and presentations
Qualifications for financial intelligence unit
- Must be well versed in information collection, information management methods, analysis techniques, and analytics
- 5+ years BSA/AML or related Compliance experience, with 2-3 years in a leadership role preferred
- Support receipt and communication of government requests of FIU data
- Support customer exemption process for exempting from CTR filing
- Knowledge of Transaction Monitoring systems
- Working knowledge of alert management closure and escalation processes
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Financial Intelligence Unit Job Description
Job Description Example
Our company is growing rapidly and is hiring for a financial intelligence unit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial intelligence unit
- Evaluates completed and draft SARs to ensure that they meet FinCEN/FFIEC requirements and ensures that the Bank’s internal policies and procedures are adhered to
- Communicates any errors or discrepancies found to the appropriate individuals and ensures that corrective action is taken
- Where required attend committee meetings in liaison with the Head of Investigations
- On behalf of the Head of Investigations has responsibility of ensuring that Team members have the knowledge, right skill sets, competencies, training and resources to best achieve the team goals
- In conjunction with the Head of Investigations, proactively develops and maintains a network of internal partners and external peers in the industry, law enforcement and other relevant partners to support investigation requirements and to ensure the FIU is aware of current threats, opportunities and best practice in the industry
- Develop, implement and administer financial intelligence capabilities for compliance with Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) programs
- Develop, manage and strengthen a team of professionals who perform reviews and investigations in connection with the onboarding of new clients for OFAC, CIP, and negative news, other risk based issues
- Manage and track the resolution of self-identified issues, issues identified by regulators, corporate audit, compliance testing programs and third –party assessments
- Executing existing metrics-based reports and creating and implementing new reporting as appropriate
- Developing sustainable reporting processes, reviewing existing processes, and maintaining supporting documentation of methodologies
Qualifications for financial intelligence unit
- A minimum of 5-8 years’ experience working in a regulatory, compliance or quality assurance capacity within a financial institution setting
- Change Leadership (Developed)
- Environmental Understanding (Developed)
- Resource Planning (Developed)
- A minimum of 2 years of post-secondary education
- Relevant work experience equal to 2 years
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Financial Intelligence Unit Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of financial intelligence unit. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial intelligence unit
- Stewardship for reporting business requirements, including KPI, Metric, and Measurement definition and documentation
- Maintaining inventory of Sanctions related business reports and data mapping of metrics to existing reports
- Creating, maintaining and evolution of standard report formats and templates
- Ownership of monthly reporting process and report creation, distribution
- Routine analysis of various data points, including data validation, identification of trends, themes, and generation of relevant findings and summaries
- Liaising with technology partners for tools ideation and development
- Creation and maintenance of distribution schedule to enable timely dissemination of reporting summaries, as appropriate
- Assisting with the creation of reporting pertaining to other GFCC functions (AML, KYC)
- Leading ad-hoc projects, as needed
- Meeting business needs by translating business requirements into SQL queries
Qualifications for financial intelligence unit
- High school degree (or GED) required, college degree beneficial
- BSA/AML certification from a financial industry group
- 2+ of experience in BSA/OFAC, financial security operations and/or fraud prevention with 4-year degree in Business, Finance, Economics, Criminal Justice
- 2-4 years of previous investigative experience with specific emphasis on AML, BSA and fraud prevention is required
- 4-year degree or previous related work experience equal to a 4-year degree is required
- A Bachelor’s Degree in English, Journalism, Law, or other business-related curriculum, or previous work experience related to this position is required
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Financial Intelligence Unit Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of financial intelligence unit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial intelligence unit
- Independently testing and debugging SQL code
- Developing and calibrating transaction monitoring rules to detect those behaviors
- Managing a team of analysts that will test and provide feedback on proposed and existing rules
- Assist the GFCC – FIU in the implementation and maintenance of Global Anti-Corruption policies and guidelines
- Ensure anti-corruption policies, guidelines, and other program documents are regularly updated and maintained
- Assist with coordination and support for the Anti-Corruption training and communication plans
- Support enterprise Anti-Corruption due diligence, payments monitoring, compliance monitoring and testing, and reporting processes
- Support the resolution of Anti-Corruption related issues, enhancements to the compliance framework, and the review of business activities as appropriate
- Analyze and review data and reports as needed
- Analyze entities for government ownership as needed
Qualifications for financial intelligence unit
- Knowledge of AML, BSA, OFAC, Fraud and other applicable federal and state laws and regulations is needed
- Individuals with a 4 year degree in Business, Finance, Accounting, International Studies, Criminal Justice, or related field would be preferred
- 2+ years of research or investigative experience in banking/financial fraud or operations positions, or law enforcement/investigations positions, or one year of Bank Secrecy Act research or investigations experience
- Individuals with 3+ years of regulatory compliance experience would be preferred
- Ability to prioritize and complete workload in a timely, effective manner with attention to detail, accuracy and good organizational skills
- Self-motivated and maintains high personal and professional standards