AML Sr Investigator

Cathay Bank; Monterey Park (CA); On-site; USD 43,000 - 50,000; Full time

Benefits offered by this job

Discretionary bonus

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability

401(k)

FSAs/HSA with company contributions

Job summary

Cathay Bank is seeking an Investigator to conduct AML-related reviews and due diligence on clients to mitigate regulatory and reputational risk. The role interfaces with branch staff to obtain transaction activity data and documentation, and involves preparing concise analyses.

Required are 3+ years in investigative work focusing on BSA/AML, SDD/KYC and OFAC, plus strong analytical and communication skills. Occasional overtime and weekend work are expected.

Qualifications

• Bachelor’s degree in business or finance preferred.
• 3+ years of investigative experience with BSA/AML, SDD/KYC and OFAC.
• Familiarity with U.S. BSA/AML laws/regulations required.

Responsibilities

• Conduct transactional activity reviews and due diligence.
• Interface with branch staff to gather information.
• Maintain knowledge of BSA/AML and OFAC regulations.
• Analyze accounts for trends and irregular patterns.
• Request supporting docs from account officers.
• Prepare cohesive narratives for client profiles.
• Complete SARs when necessary and track deadlines.
• Coordinate with the AVP Manager to resolve issues.

Skills

Analytical skills

Communication skills

Multitasking

MS Office

BSA/AML knowledge

Independent work

Education

Bachelor’s Degree in business/finance

Tools

Microsoft Office

Job description

GENERAL SUMMARY

Investigator is responsible to conduct the transactional activity reviews and due diligence on potential AML risks associated with existing or potential clients with the purpose that the client does not present undue legal, regulatory, or reputational risk to Cathay Bank.

Interface with branch/lending staff to obtain information related to their client's transaction activity and documentation provided.

ESSENTIAL FUNCTIONS

• Maintains a current knowledge of the Bank Secrecy Act and related anti-money laundering and OFAC regulations.
• Conducts account analysis to detect trends and patterns, irregular transaction behavior.
• Sends requests to account officers to provide supporting documentation on unusual transactions.
• Organizes and summarizes the analysis performed into cohesive and concise narrative to enrich the client profile.
• Completes SARs (if necessary) in a timely manner.
• Ensures that analysis information and documentation is organized and maintained appropriately.
• Researches detailed information, including names and accounts provided by multiple sources to determine if there is evidence of criminal activity.
• Ensures accurate tracking of assignments and requests for documentation for proper tracking of deadlines, as well as following up on pending items in a timely manner.
• Coordinates with the AVP Manager to resolve issues, discuss patterns and trends, policy changes, etc.
• Performs other responsibilities assigned by the BSA Officer or designee.
• Regular overtime is required; this includes occasional weekend days.

QUALIFICATIONS

• Education: Bachelor’s Degree in related fields of business or finance, preferred.
• Experience: 3 or more years of investigative or related experience with specific emphasis on BSA/AML, SDD/KYC and OFAC. Familiarity with U.S. BSA/AML Laws/Regulations required.
• Skills/Ability:
  • Strong understanding of Financial Institutions and relevant products/services.
  • Strong analytical and problem resolution skills.
  • Excellent communication skills, both written and verbal.
  • Ability to work well independently and with others.
  • Ability to multi-task prioritize deliverables in a timely and effective manner.
  • Flexibility to adapt to changing priorities to meet business needs.
  • Proficient in the Microsoft suite of products and Internet-based research.

OTHER DETAILS

Pay Range: $31.25 – $36.06/ hour

Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.

Cathay Bank is an Equal Opportunity and Affoditive Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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