AML Investigations Analyst - Surveillance
About The Position
Mechanics Bank is currently searching for an AML Investigations Analyst - Surveillance to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This person will be working on-site in Roseville, California. Under general supervision, the AML Analyst is responsible for detecting possible illicit activity conducted thru the Bank. The position is responsible for account identification, analyzing and escalating to the Investigations team any transactions believed to be associated with unusual and suspicious account activity such as potential fraud, structuring, money laundering, or/and terrorist financing in accordance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. This position requires attention to detail, as well as analytical skills to identify suspicious activity.
Requirements
- High School diploma or GED is required.
- 2 years of experience in the financial industry is required.
- 2 years of experience using a BSA/AML/Fraud detection system preferred.
Nice To Haves
- Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE).
Responsibilities
- Detects and investigates complex transaction monitoring alerts to identify trends and potential suspicious activity produced by the AML software system, various transaction monitoring reports and/or referrals from other areas of the Bank and makes determination on appropriate course of action.
- Completes written narrative upon researching and analyzing transaction monitoring alerts and makes recommendations for further investigation, if warranted.
- Exercises solid judgment on examining information, and document suspicious activity, behaviors and/or patterns.
- Corresponds with business units and branches for clarification of the activities conducted and obtain supporting documentation.
- Maintains an understanding of the BSA/AML compliance requirements.
- Completes on-going Bank required training to maintain knowledge of federal and state laws and regulations, including BSA, AML and OFAC, along with the Bank’s policies and procedures.
- Attends seminars, webinars, and other outside compliance training, as directed by management.
- Establishes and maintains effective liaison and communication with business units, operational units and any other employee of the bank to enhance resolution efforts.
- Corresponds with business units and branches for clarification of the activities conducted and obtain supporting documentation.
- Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
- Perform other duties and responsibilities as assigned.
Benefits
- Medical, prescription, dental, and vision coverage for employees and their eligible family members
- Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
- Health Savings Account with employer contribution
- Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
- 401(k) and Roth 401(k) with company contribution
- 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
- Supplemental Health plans, Voluntary Legal and Identity Theft Services
- 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
- Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
Number of Employees
1,001-5,000 employees
