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