AML Sr Investigator

Cathay Bank•Monterey Park, CA

6d•$31 - $36

About The Position

Investigator is responsible to conduct the transactional activity reviews and due diligence on potential AML risks associated with existing or potential clients with the purpose that the client does not present undue legal, regulatory, or reputational risk to Cathay Bank. Interface with branch/lending staff to obtain information related to their client’s transaction activity and documentation provided. ESSENTIAL FUNCTIONS Maintains a current knowledge of the Bank Secrecy Act and related anti-money laundering and OFAC regulations. Conducts account analysis to detect trends and patterns, irregular transaction behavior. Sends requests to account officers to provide supporting documentation on unusual transactions. Organizes and summarizes the analysis performed into cohesive and concise narrative to enrich the client profile. Completes SARs (if necessary) in a timely manner. Ensures that analysis information and documentation is organized and maintained appropriately. Researches detailed information, including names and accounts provided by multiple sources to determine if there is evidence of criminal activity. Ensures accurate tracking of assignments and requests for documentation for proper tracking of deadlines, as well as following up on pending items in a timely manner. Coordinates with the AVP Manager to resolve issues, discuss patterns and trends, policy changes, etc. Performs other responsibilities assigned by the BSA Officer or designee. Regular overtime is required; this includes occasional weekend days.

Requirements

Bachelor’s Degree in related fields of business or finance, preferred.
3 or more years of investigative or related experience with specific emphasis on BSA/AML, SDD/KYC and OFAC.
Familiarity with U.S. BSA/AML Laws/Regulations required.
Strong understanding of Financial Institutions and relevant products/services.
Strong analytical and problem resolution skills.
Excellent communication skills, both written and verbal.
Ability to work well independently and with others.
Ability to multi-task prioritize deliverables in a timely and effective manner.
Flexibility to adapt to changing priorities to meet business needs.
Proficient in the Microsoft suite of products and Internet-based research.

Responsibilities

Maintains a current knowledge of the Bank Secrecy Act and related anti-money laundering and OFAC regulations.
Conducts account analysis to detect trends and patterns, irregular transaction behavior.
Sends requests to account officers to provide supporting documentation on unusual transactions.
Organizes and summarizes the analysis performed into cohesive and concise narrative to enrich the client profile.
Completes SARs (if necessary) in a timely manner.
Ensures that analysis information and documentation is organized and maintained appropriately.
Researches detailed information, including names and accounts provided by multiple sources to determine if there is evidence of criminal activity.
Ensures accurate tracking of assignments and requests for documentation for proper tracking of deadlines, as well as following up on pending items in a timely manner.
Coordinates with the AVP Manager to resolve issues, discuss patterns and trends, policy changes, etc.
Performs other responsibilities assigned by the BSA Officer or designee.