AML Sr Investigator

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

Benefits offered by this job

Full-time position

Competitive benefits package

Medical, dental, vision coverage

Job summary

Cathay Bank is seeking an Investigator to conduct transactional activity reviews and due diligence on AML risks for current and prospective clients. You will interface with branch staff to gather information and prepare concise narratives to support risk assessments.

Responsibilities include SARs when needed, rigorous documentation, and coordination with the AVP Manager to review patterns and policy changes. A Bachelor's in business/finance and 3+ years of related experience are preferred.

Qualifications

• Bachelor's Degree in business or finance preferred.
• 3+ years of investigative experience with emphasis on BSA/AML, SDD/KYC and OFAC.
• Knowledge of U.S. BSA/AML laws/regulations.

Responsibilities

• Conduct transactional activity reviews and due diligence on AML risks for existing or potential clients.
• Interface with branch staff to obtain client information and documentation.
• Prepare cohesive narratives; escalate issues with AVP Manager as needed.
• Complete SARs when required and ensure proper documentation and tracking.

Skills

Strong analytical skills

Excellent written and verbal comms

Independent worker

Multi-tasking

Microsoft Office proficiency

Education

Bachelor's Degree in business or finance

Tools

Microsoft Office

Job description

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

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 itsfull-timeemployees 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 Affiantive 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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Cathay Bank endeavors to makewww.CathayBank.com accessible 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] [e-mail] .This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.FCIU