AML Sr Investigator

Cathay Bank • Monterey Park, CA

132d • $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 customers with the purpose that the customer does not present undue legal, regulatory, or reputational risk to Cathay Bank. Interface with branch/lending staff to obtain information related to their customer’s transaction activity and documentation provided.

Requirements

• Strong understanding of Financial Institutions business and relevant products/services.
• 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 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.
• Bachelor’s Degree in related fields of business or finance, preferred.

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 customer profile.
• Completes SARs (if necessary) in a timely manner.
• Ensures that analysis information and documentation is organized and maintained appropriately.
• Responsible for researching 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.
• Other responsibilities assigned by the BSA Officer or designee.
• Regular overtime is required, this includes 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: Mid Level
• Education Level: Bachelor's degree