A banking client of ours in the Los Angeles area is looking to add Senior BSA Investigators to their team in the FIU department at the bank.

Job Description

Review, prepare and complete system or manually generated alerts in compliance with regulatory and departmental timelines, as assigned
Responsible for more complex alert/customer reviews
Monitor, assess and document flow of funds for large and complex customer relationships, as necessary
Conduct periodic account/customer reviews to detect potentially suspicious activity
Document steps taken through the investigation process
Complete analysis of transactional information to identify risks, trends and potential suspicious activity
Communicate with branches or other LOBs to obtain information related to their client’s transaction activity
Work with internal groups to ensure consistent understanding of requirements
Prepare Suspicious Activity Reports (“SAR”) in compliance with established regulatory guidelines and time frames
Review LOB referrals and the accompanying supporting documents submitted by the branches or other departments of the Bank to determine whether a SAR is warranted. When necessary, request the appropriate branch or department for additional information
Effectively communicate project decisions, timelines, and direction to all stakeholders. Keep Senior Management team informed of significant investigations and potential reputational and/or regulatory risk
Assist Team or Unit Lead to provide comprehensive and ongoing trainings designed to inform the investigators about policy, procedures changes, typologies, recent trends, updates, etc.
Function as a key contributor with demonstrated knowledge of BSA issues, as well as broader functional knowledge
Participate in the development of goals and execution of standards with the function or unit
Understand and adhere to Unit-specific and BSA Department procedures

Requirements

Bachelor’s degree
1+ years direct work experience in BSA/AML
High-level knowledge of BSA and USA PATRIOT Act
Knowledge of Operations, Lending or Trade Finance policies and procedures is preferred
Detailed understanding of AML and BSA laws and regulations in particular to suspicious activity investigation requirements and its process
Research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and disposition appropriately
Possesses strong understanding of banking and its product and services, etc.
Ability to identify gaps in existing processes/procedures and efficiency gain through enhanced procedures
Demonstrated knowledge and ability to identify various white-collar crime, general fraud and money laundering schemes
CAMS or CFE highly desirable