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

Job summary

Cathay Bank seeks an Investigator to perform transactional activity reviews and due diligence on AML risks for existing or potential clients. You will interface with branch staff to gather documentation and analyze activity to protect the bank from regulatory risk.

The role requires experience in BSA/AML and OFAC, with the ability to coordinate with officers to resolve issues and complete timely reports. Overtime may be required as part of responsibilities.

Qualifications

• Bachelor’s Degree in related fields of business or finance preferred.
• 3+ years investigative or related experience with BSA/AML, SDD/KYC and OFAC.
• Familiarity with U.S. BSA/AML Laws/Regulations.

Responsibilities

• Maintains knowledge of Bank Secrecy Act and related AML/OFAC regulations.
• Conducts account analysis to detect trends and irregular transaction behavior.
• Sends requests to account officers for supporting documentation on unusual transactions.
• Organizes and summarizes analysis into concise narratives for client profiles.
• Completes SARs in a timely manner when necessary.
• Ensures documentation is organized and tracked, with deadlines followed up on.
• Researches detailed information to determine evidence of criminal activity.
• Coordinates with AVP Manager to discuss patterns, policy changes, and issues.

Skills

Strong analytical

Communication skills

Independent worker

Multi-tasking

Research skills

Education

Bachelor's degree

Tools

Microsoft Office

Job description

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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 Affimative 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.

Cathay Bank endeavors to make www.CathayBank.comaccessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at [phone] or [e-mail]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.