Senior BSA Investigator
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Location
Los Angeles
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Sector:
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Job type:
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Salary:
Competitve
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Contact:
Remy Corbet
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Contact email:
r.corbet@hamlynwilliams.com
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Salary high:
0
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Salary low:
0
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Published:
about 1 year ago
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Expiry date:
2020-05-16
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Startdate:
ASAP
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