BSA/AML Investigator III

Farmers & Merchants Bank of Central California•Lodi, CA

4d•Onsite

About The Position

The individual in this position is responsible for ensuring strict adherence to F&M Bank policies and procedures while adhering to federal/state regulatory requirements, with a focus on comprehensive anti-money laundering and BSA investigations. This individual demonstrates strong organizational skills and the ability to investigate possible suspicious activity while following the Bank’s anti-money laundering procedures. They will report the findings of such investigations to the BSA/AML Manager and work collectively with Manager to report activities to applicable regulatory authorities and to resolve business issues related to BSA quickly and in a professional manner.

Requirements

Minimum of 3 to 5 years of experience specializing in banking, financial management and BSA/AML.
Proven knowledge of all applicable federal and state laws/regulations pertaining to BSA/AML, USA Patriot Act and OFAC.
Excellent organizational skills.
Special skills to include, but not limited to Internet Banking, Personal Compute use, Word Processing, E-mail, EXCEL, Access and Data Entry.
Successful completion of a credit check review is a condition of employment.

Nice To Haves

Bachelor’s degree in Business or related field is preferred but not required.

Responsibilities

Assist with high risk customer reviews including: Cash Secured Loan reviews on a periodic basis to for all cash secured loans meeting the Bank’s requirement for review.
Money Service Business reviews done semiannually on all existing MSB customers.
CTR Exemption research, documentation provided to the BSA/Fraud Manager and Executive Management on proposed exemptions and annual reviews once a customer is exempted.
Political Campaign and Political Action Committee account reviews.
Research and write reports as required.
Identifying, researching and reporting suspicious activity
Managing the investigative process from initial detection to disposition
Thoroughly and timely reviewing reports and bank records that potentially identify suspicious activity
Providing case findings to the BSA/Fraud Department Manager for concurrence and/or feedback
Evaluate, recommend and implement changes to work processes to increase department efficiency.
Use automated systems when appropriate.
Maintains current desk procedures and coordinates information/changes with the appropriate Bank personnel and customers.
The ability effectively prioritize works assignments with changing priorities.