BSA Investigator Lead
Irvine, CA 92618
POSITION SUMMARY:
- Responsible for assisting the BSA/AML Department with the daily monitoring of account activity, detection, and documentation of suspicious activity in customers' accounts, and the subsequent filing of suspicious activity reports as required under the Bank Secrecy Act and the Bane's BSA/AML Compliance Program and Procedures. As directed by the BSA Officer, further responsible for the periodic Enhanced Due Diligence Review of high-risk customers. Will assist with BSA internal investigations and automated monitoring system validation testing
ESSENTIAL DUTIES AND RESPONSIBILITIES:
To perform this job successfully, an individual must be able to perform the following satisfactorily; other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
- Utilizing the Bane's automated BSA/AML monitoring software program and procedures, investigate and assess all bane deposit accounts for suspicious activities related to money laundering, terrorist financing, and violations of the Bank Secrecy Act
- Take lead in ensuring efficient identification and monitoring of suspicious activities and transactions
- Ensure timely, efficient reporting of suspicious activities and transactions to BSA Officer. Manage cases of potentially suspicious activity from the Bane's BSA/AML monitoring program, including analysis of transaction activity and balances for review by the BSA Officer
- Ensure timely, efficient reporting of all currency transaction reports and maintain record keeping for retention requirements
- Monitor the sales of monetary instruments and ensure the accuracy of any required reporting
- Monitor and maintain the Wire Log
- Review BSA risk rating for all new accounts and validate risk rating using Bane's risk rating criteria
- For new customers identified as high-risk, establish enhanced due diligence and monitoring efforts
- Perform ongoing enhanced due diligence, as required, of all high-risk in accordance with the established procedures and monitoring schedule
- As scheduled, perform validation testing of the core application and Bane's monitoring system report that identifies potential suspicious activity
- Responsible for the timely and efficient review of daily BSA reports
- Perform review for compliance with FinCEN 314(a) and 314(b) requests. Assist with the preparation of weekly, bi-weekly, monthly, and quarterly reports as needed
- Take the lead in identifying systemic procedural weaknesses and additional training requirements for the Banc
- As an AML subject matter expert, provide direction and guidance to employees on appropriate remediation action as needed
- Assist with AML Compliance Training, especially on the identification and reporting of suspicious transactions
- Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies, and developing trends
- Assist in the development of related procedures or revisions to the BSA Program with the BSA Officer
COMPETENCIES:
To perform the job successfully, an individual should demonstrate the following.
- High degree of accuracy and attention to detail
- Strong analytical skills
- Ability to multi-task and work in a high-volume environment
- Strong communication skills, written and verbal
- Organizational and time management skills
- Ability to work well independently and with other
QUALIFICATIONS:
- To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions
Education/Experience:
- Bachelor's Degree in Business, Finance or other related field; or seven (7) years of related work experience and/or training. Prior BSA/AML compliance experience is required
We are an equal opportunity employer, and we are an organization that values diversity. We welcome applications from all qualified candidates, including minorities and persons with disabilities.
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