Sr. FIU Analyst

Company: Silvergate Capital Corporation
Location: La Jolla, California, United States
Type: Full-time
Posted: 29.MAY.2021


Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the grow...


Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The Company's real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the world. Silvergate is enabling the rapid growth of digital currency markets and reshaping global commerce for a digital currency future. Challenging convention by empowering people allows us to exceed expectations for our clients while cultivating an awesome culture.

Under varying levels of supervision, and in accordance with established policies and procedures, may be responsible for: day-to-day monitoring and/or investigation of potential suspicious activity, ensuring accurate and timely submission of all required reports (i.e. SARs), conducting suspicious activity reviews and analysis of all customers of the bank. Other duties may include, but are not limited to, implementing new policies and procedures, training peer colleagues, direct reports, and/or extra departmental colleagues, reviewing, processing and filing SARs. Assists BSA/ Compliance Manager, as requested, in performing various research functions including but not limited to reviewing and preparing month end and other intermittent reports and metrics.



* Perform daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determine if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments, and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
* Assist with law enforcement inquiries and requests
* Assist in the development, coordination, and facilitation of training programs to educate bank personnel about BSA related compliance requirements and procedures
* Assist in the development and implementation of bank forms, notices and procedures and monitoring processes for compliance with the Bank Secrecy Act, OFAC and relation regulation
* Assist in the compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities
* Ensure thorough completion of all case investigations
* Ensure timely completion of case work to facilitate case closure and/or transmission of SARs to federal authorities as required by regulation
* Assist in updating daily procedure and job aid documents
* Provide assistance in preparation of monthly reports to keep management informed of department activities, such as: Stratification and Velocity analyst, case and SAR volume tracking, as well as other reports as assigned
* Perform customer and transaction analytics to identify trends and possible suspicious activity
* Assist in monitoring account activity for suspicious patterns, conduct suspicious activity report investigations, high risk customer/account reviews, and recommends when to file Suspicious Activity Reports (SARs). Assist in the filing of the SARs as necessary
* Perform customer and transaction analytics to identify trends and possible suspicious activity
* Perform customer and transaction analytics using automated blockchain analysis tools to identify trends and possible suspicious activity


* Provide assistance to the BSA Department as needed
* Maintain a proficient knowledge of all applicable rules and regulations
* Assist in the research of regulatory issues to compliance questions from Bank personnel, using
* legal and regulatory reference materials and regulatory agencies, as appropriate
* Assist in special projects and tasks for the department as directed
* Assist in the development, revision or reviews of bank policies, procedures, disclosures, notices, and forms to comply with changing processes, legislative and regulatory changes and new requirements
* Assist with self-assessments as needed. Assist in the preparation and coordination of independent audits and regulatory examinations
* Maintain current knowledge of all federal and state laws and regulations, along with the Company's policies and procedures
* Not to harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice
* Must adhere to the company's core values of Challenge Convention, Do What's Right, Take Ownership, Empower People, Exceed Expectations, and Cultivate Awesome all while keeping our "Why?" front of mind. Our Why? Silvergate is the banking platform for innovators, and we believe in the power of entrepreneurs to create prosperity for our communities
* A senior FIU Analyst should have an intermediate understanding of regulations, financial services and regulatory trends that impact their day to day case workload
* Maintain knowledge of Bank Secrecy Act (BSA)/AML laws and regulations
* Provide support to and act as a subject matter expert for less experienced FIU Analysts
* Ensure that assigned cases delegated by the FIU Manager are executed in accordance with policies and procedures
* Conduct additional, relevant, tasks appropriate to the role and departmental requirements as well as ad-hoc project request
* Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and disposition case investigations appropriately

Decision Making

* Requires exercise of judgment following broad guidelines
* Ability to decision practices and cases, as necessary
* Must be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptions


* College degree, or equivalent banking experience
* Five years general banking or regulatory agency experience, with an emphasis in compliance and/or operations
* Knowledge of Bank Secrecy Act ("BSA"), Anti-Money Laundering ("AML") and Office of Foreign Assets Control ("OFAC") laws, regulations, and best practices
* Basic knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations and other Bank operational policies and procedures
* Able to multitask and work well in a high-volume deadline oriented environment.
* Understanding of legislative and regulatory processes
* Familiarity with functional areas of banking
* Excellent oral and written communication skills
* Comprehensive understanding of general banking operations activities, products, and services
* Ability to proactively identify and assess potential concerns and risks
* Ability to resolve issues, work independently, and meet deadlines
* Team oriented
* Ability to communicate effectively with management and staff
* CAMS Certification preferred
* Effective verbal, written, and interpersonal communication skills with the ability to instruct others, train personnel, write reports, correspondence, and procedures, and speak clearly to customers and employees.
* Proficient in Microsoft Word and Excel.
* Good organizational and time management skills


Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the Company's customer identification program (CIP) rules, observing all Company policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.


Standard office environment with a moderate noise level or working remotely.


While performing the duties of this job, the employee is:

* Regularly required to talk or hear.
* Must be able to communicate with customer and coworkers verbally and in writing.
* Occasionally required to stand; walk.
* Required to sit for long periods and reach with hands and arms.
* Occasionally required to lift up to 25 pounds.
* Able to read documents, computer screens, reports, other communications and have the ability to adjust focus and close vision.

Management reserves the right to add to, change and revise this description at any time. This description does not include any marginal functions that are incidental to the essential functions. Also, it does not imply that these are the only tasks to be performed by the incumbent. Employees are required to follow any other job-related instructions and to perform any other job-related tasks requested by their supervisor. Any requirement may be modified to reasonably accommodate individuals with disabilities.

Silvergate is an EEO/AA/Disability/Vet

Apply Now


Free eBook

Loader2 Processing ...