AML Sr Investigator

Cathay Bank • Monterey Park, CA

4d

About The Position

The Investigator is responsible for conducting transactional activity reviews and due diligence on potential AML risks associated with existing or potential clients. The goal is to ensure that clients do not present undue legal, regulatory, or reputational risk to Cathay Bank. This role involves interfacing with branch/lending staff to gather information related to client transaction activity and documentation.

Requirements

• 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 and 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.

Nice To Haves

• Bachelor’s Degree in related fields of business or finance, preferred.

Responsibilities

• Maintains current knowledge of the Bank Secrecy Act and related anti-money laundering and OFAC regulations.
• Conducts account analysis to detect trends and patterns, and irregular transaction behavior.
• Sends requests to account officers to provide supporting documentation on unusual transactions.
• Organizes and summarizes analysis into cohesive and concise narratives 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 from multiple sources, to determine evidence of criminal activity.
• Ensures accurate tracking of assignments and requests for documentation for proper tracking of deadlines, and follows up on pending items in a timely manner.
• Coordinates with the AVP Manager to resolve issues, discuss patterns and trends, and policy changes.
• Performs other responsibilities assigned by the BSA Officer or designee.
• Regular overtime is required, including occasional weekend days.

Benefits

• medical insurance
• dental insurance
• vision insurance
• life insurance
• long-term disability insurance
• flexible spending accounts (FSAs)
• health saving account (HSA) with company contributions
• voluntary coverages
• 401(k)

What This Job Offers

• Job Type: Full-time
• Career Level: Senior