If a bank employee notices suspicious activity in a dormant account, who should they contact?

In the context of suspicious activity within a dormant account, the most appropriate action for a bank employee is to contact the internal auditor. The internal auditor is responsible for ensuring compliance with regulatory standards, including monitoring for potential fraud or irregularities. They have the expertise to investigate such activities further and assess whether any illicit actions are taking place.

The internal auditor plays a crucial role in maintaining the integrity of the bank's operations by conducting audits and evaluations of internal controls. Their involvement is essential in determining the legitimacy of the account activity and taking appropriate measures, which might include reporting the findings to regulatory authorities, if necessary.

The other roles listed, such as the account administrator, investment officer, or bank president, may not have the specialized training or the designated responsibility for handling suspicious activities in the same way that an internal auditor would. Each role contributes to different aspects of banking operations, but for matters specifically related to compliance and suspicious activity, the internal auditor is the appropriate contact.