BSA/AML Investigator I

Farmers & Merchants Bank of Central California; Lodi (CA); On-site; USD 35,817 - 41,534; Full time

Job summary

Farmers & Merchants Bank of Central California in Lodi, CA seeks a BSA/AML Investigator to perform high-risk reviews, investigate suspicious activity, and report findings to the BSA/Fraud Manager. The role requires 3+ years in banking and AML, with CAMS preferred, and a focus on federal/state regulatory compliance.

Responsibilities include reviewing MSB accounts, CTR exemptions, and credit checks, while ensuring adherence to policies.

Qualifications

• Minimum of 3 years experience specializing in banking, financial management and BSA/AML.
• Knowledge of applicable federal and state laws/regulations pertaining to BSA/AML, USA Patriot Act and OFAC.
• Certified Anti-money Laundering Specialist Certification (CAMS) preferred but not required.
• Bachelor's degree in Business or related field is preferred but not required.
• Must have excellent organizational skills and proficiency with standard software tools (Excel, Access, Word, Email).

Responsibilities

• Assist with high risk customer reviews including cash secured loan reviews and MSB reviews.
• Conduct CTR exemption research and document findings for management.
• Investigate suspicious activity and manage case workflow from detection to disposition.
• Prepare reports for BSA/Fraud Manager and Executive Management.
• Recommend changes to improve department efficiency and use automated systems where appropriate.
• Prioritize tasks effectively and maintain confidentiality while communicating with stakeholders.

Skills

Organizational skills

Attention to detail

Self-starter

Prioritization

Written communication

Verbal communication

Independent judgment

Team player

Education

Bachelor's degree in Business or related field

Tools

Excel

Access

Word processing

Email

Internet banking

Data entry

Job description

Employment Status: Full-Time, Non-Exempt

Location:Lodi Salary:$26.00 - $30.15 (commensurate with experience & qualifications)

Supervises Others: No

F&M Bank believes that each employee makes a significant contribution to our success. The contribution should not be limited by the assigned responsibilities. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.

• The individual in this position is responsible for ensuring strict adherence to F&M Bank policies and procedures while adhering to federal/state regulatory requirements, with a focus on comprehensive anti-money laundering and BSA investigations.
• This individual demonstrates strong organizational skills and the ability to investigate possible suspicious activity while following the Bank's anti-money laundering procedures.
• They will report the findings of such investigations to the BSA/AML Manager and work collectively with Manager to report activities to applicable regulatory authorities and to resolve business issues related to BSA quickly and in a professional manner.

Who are we looking for?

• Under supervision assist with high risk customer reviews including:
  • Cash Secured Loan reviews on a periodic basis to for all cash secured loans meeting the Bank's requirement for review.
  • Money Service Business reviews done semiannually on all existing MSB customers.
  • CTR Exemption research, documentation provided to the BSA/Fraud Manager and Executive Management on proposed

exemptions and annual reviews once a customer is exempted.

• Political Campaign and Political Action Committee account reviews.
• Research and write reports as required.
• Investigations include (but are not limited to):
  • Identifying, researching and reporting suspicious activity
  • Managing the investigative process from initial detection to disposition
  • Thoroughly and timely reviewing reports and bank records that potentially identify suspicious activity
  • Providing case findings to the BSA/Fraud Department Manager for concurrence and/or feedback
• Evaluate, recommend and implement changes to work processes to increase department efficiency.
  • Use automated systems when appropriate.
  • Maintains current desk procedures and coordinates information/changes with the appropriate Bank personnel and customers.
• The ability effectively prioritize works assignments with changing priorities.
  • Highly detail-oriented
  • Should be a self-starter and a results oriented team player.
  • Above average written and verbal communication skills with emphasis on correct English grammar.
  • Demonstrate ability to exercise independent judgment, initiative, and tact in dealing with management, supervisors, staff,

and the general public.

• Present a professional, business-like manner, appearance.
• Maintaining strict confidentiality.

Also required:

• Successful completion of a credit check review is a condition of employment.
• Minimum of 3 years experience specializing in banking, financial management and BSA/AML. This position requires the incumbent to have proven knowledge of all applicable federal and state laws/regulations pertaining to BSA/AML, USA Patriot Act and OFAC.
• Certified Anti-money Laundering Specialist Certification (CAMS) preferred but not required.
• Bachelor's degree in Business or related field is preferred but not required.
• Must have excellent organizational skills. Special skills to include, but not limited to Internet Banking, Personal Computer use, Word Processing, E-mail, EXCEL, Access and Data Entry.

F&M Bank