Sr FinCrime Analyst

ABOUT US

Here at MVB, our company culture defines the environment in which Team Members thrive. Our culture impacts a wide range of elements, including our purpose, values, expectations and goals that support growth and engagement – it is the secret sauce of our organization!

Our values live at the core of all that we do – Trust, Commitment, Teamwork, Adaptive, Respect, Love and Caring are our foundation for success.

MVB Financial Corp. (“MVB Financial” or “MVB”), the innovative financial holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Through its subsidiary, MVB Bank, Inc., (“MVB Bank”) and the bank’s subsidiaries, MVB provides services to individuals and corporate clients in the Mid-Atlantic region, as well as to Fintech, Payment and Gaming clients throughout the United States. For more information about MVB, please visit www.mvbbanking.com.

 This role can be based remotely.

Candidates must reside in one of the following states: West Virginia, Virginia, Texas, Florida, Ohio, Pennsylvania, Maryland, Washington D.C., New York, New Jersey, Arizona, North Carolina, Georgia, or South Dakota. 

ABOUT THE ROLE

The Senior FinCrime Analyst is a comprehensive position supporting all aspects of MVB's Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance program (i.e. FinCrime). This role combines Enhanced Due Diligence (EDD) review responsibilities, Financial Intelligence Unit (FIU) investigative and monitoring functions, and Quality Control (QC) oversight to ensure regulatory compliance across all customer segments, including Core Banking and Fintech clients. This position will conduct periodic customer reviews on various entity types, monitor and investigate system-generated and manual alerts related to money laundering, terrorist financing, and fraud, and perform quality control assessments of BSA/AML work product. This position requires the ability to identify, analyze, and document complex financial crime risks through independent research, AML tools, and comprehensive knowledge of BSA/AML laws and regulations. The analyst will act as a subject matter expert to identify process improvements, respond to inquiries from internal business partners, and aid in the prevention and investigation of financial crimes against the Bank. This position requires the ability to maintain strict confidentiality with respect to investigations.

WHAT YOU’LL DO

• Support daily activities related to all aspects of the corporate-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML) programs.
• Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures.
• Assist with daily reviews, monitoring and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity.
• Manage EDD case assignments for High, Medium, and Low risk clients as assigned by management and in accordance with internal guidelines and SLAs
• Conduct periodic reviews on various entity types, the majority of which are within the Core Banking line of business, with ability to assist with Fintech client reviews
• Work cases in accordance with procedures, SLAs, and quality standards
• Apply analytical skills to obtain an in-depth understanding of business documentation for various business types
• Monitor AML/fraud alerts daily and take necessary action to protect customers and the Bank
• Review system-generated and manual alerts related to money laundering, terrorist financing, and fraud and follow procedures to document decisions and actions taken
• Assist in or lead investigations and evaluate customer transaction activity to make informed decisions and prepare reports as necessary
• Investigate and document unusual and/or suspicious activity which would lead to filing of a Suspicious Activity Report (SAR)
• Review matches returned from Watchlist screening (OFAC, PEP, etc.)
• Conduct comprehensive quality reviews of work performed by the EDD and FIU teams to ensure reviews are completed in accordance with regulations as well as MVB internal policies
• Perform quality control processes related to watchlist monitoring, CTRs, alert/case investigations, and SARs to ensure adherence to regulatory guidelines and internal policies
• Cross-train in all areas of the BSA/AML program, including Core and Fintech customers, and fraud within BSA program processes
• Maintain knowledge in all areas of the BSA/AML program to ensure comprehensive understanding across all functions
• Act as a BSA, AML, and OFAC subject matter expert to identify process improvements and respond to inquiries from internal business partners
• Stay up to date on changes in regulatory guidelines and industry best practices related to OFAC and AML procedures
• Act as a senior team member in leading investigations and discussions as needed
• May participate in cross-department projects involving BSA/AML/OFAC, up to an including the development and facilitation of department wide training, user acceptance testing of new technology, and model performance evaluations

EDUCATION & WORK EXPERIENCE

• Bachelor’s degree preferred or equivalent related working experience. High School Diploma required.
• CAMS or other industry accreditation preferred.
• Minimum of 7+ years of banking experience with a combination of BSA, AML, and Fraud related work experience.
• Knowledge of banking operations and processes.
• Working knowledge of compliance related rules and regulations related to BSA/AML, and Fraud
• Proficient in Microsoft Applications (Word, Excel, PowerPoint, Outlook)
• Preferred experience with AML software of Verafin and/or Thompson Reuters Clear applications
• Acknowledge and observe strict confidentiality requirements
• Exhibit a strong culture of trustworthiness, dependability, and responsibility
• Attention to detail, accuracy, and sound/accurate judgment
• Critical and analytical thinking
• Knowledge of all Banking and financial products and services both consumer and business
• Ability to research, collect, and analyze complex or diverse information
• Effective time management, planning, and organization skills
• Strong written and verbal communication skills
• Proficient computer skills
• Self-starter: proactive and takes initiative(s) when needed
• Positive interpersonal relationship skills

BENEFITS AT MVB

MVB Financial Corp., (“MVB”) offers an excellent selection of benefits for regular, part-time and full-time Team Members, including:

• Medical, Dental and Vision Insurance
• Health Savings Account (HSA), Health Reimbursement Account (HRA) & Flexible Spending Accounts (FSA)
• Short- and Long-Term Disability Plan
• Group Life Insurance
• 401K Salary Deferral Plan
• Wellness Program
• Education & Tuition Expense Reimbursement
• PTO and Unique Vacation Purchase Program
• Nationwide Pet Insurance Coverage

#LI-Remote

We encourage you to submit an application even if you haven’t performed every job duty listed above, as your skills may be transferrable. MVB is looking for ambitious individuals with related knowledge, understanding and abilities who are willing to learn and grow. What we care about most is allowing you to develop and, in return, you help us become a stronger, more diverse and well-rounded organization.