BSA/AML Investigator

River Valley Community Bank•Marysville, CA

14h•Onsite

About The Position

River Valley Community Bank is a premier community bank, committed to meeting the needs of our clients with relationship-oriented products and services while creating an environment for our employees to develop and prosper producing enhanced shareholder value. At our bank you will be part of a welcoming and collaborative team, all of whom take great satisfaction in the confident and efficient delivery of banking solutions that drive an exceptional client experience. We take great pride in the trust we have earned and relationships we have established with our customers. We are also proud of and support our employee involvement in community activities and volunteerism in the markets we serve. A BSA/AML Investigator works under the supervision of the BSA Officer, supporting the Bank’s BSA/AML & OFAC Compliance Programs in accordance with applicable federal regulations. They strive for excellence, focusing on customer service, collaboration, regulatory compliance, and security and safety in accordance with the bank’s objectives. The BSA/AML Investigator is primarily responsible for case reviews, enhanced due diligence reviews and SAR preparation. The BSA/AML Investigator exercises sound judgment and decision making. They interact with operations and lending staff when gathering documents and information for the BSA/Compliance Department, including documents for audits & exams. Departmental tasks, which are to be completed accurately in a timely manner, are assigned by the Assistant BSA Officer or BSA Officer. At times they will have time prescribed constraints to complete tasks. They must understand and adhere to the bank’s policies and procedures. They are expected to have knowledge, an understanding, and be compliant with all Federal and State consumer and business bank regulations.

Requirements

Four years or more of BSA-AML Compliance experience (for BSA-AML Investigator I).
Six years or more of BSA-AML Compliance experience (for Sr. BSA-AML Investigator II).
Have a strong understanding of applicable federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e., BSA, US PATRIOT Act, FFIEC BSA/AML Examination Manual, etc.).
Detail oriented with an ability to complete tasks with a high degree of accuracy.
Demonstrate extensive banking and compliance knowledge in working AML/KYC related issues, identify patterns and trends consistent with money laundering and terrorist financing.
Ability to observe the highest degree of confidentiality in the handling of information received in the course of the job responsibilities.
Strong verbal, written, and interpersonal communication skills with an ability to apply common sense to carry out instructions, read, analyze, and interpret many different types of communication.
Ability to inspire an atmosphere of cooperation and teamwork among peers.
Excellent organizational and time management skills.
Excellent interpersonal skills with the ability to comfortably interact and work with all levels within the organization, including staff members and management.
Ability to work with little or no supervision while performing duties.
Understanding of basic accounting within a financial institution.
Advance knowledge of computers and computer software such as Microsoft Word, Microsoft Outlook, and Excel.
Ability and willingness to follow policies, procedures, and regulatory banking requirements.

Responsibilities

Understanding and compliance with all applicable Federal and State regulations.
Adherence to Bank operations and security procedures to ensure risk management will result in avoiding potential losses.
Assist with monitoring the Bank’s BSA program and ensuring adherence to BSA, Anti Money Laundering (AML), Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) and Office of Foreign Assets Control (OFAC) policies.
Assist with gathering Audit & Examination documents.
Assist with annual system validation and transaction monitoring system tuning.
Monitors and reviews account activity in identified alerts & cases, and with sufficient research, makes an assessment/recommendation on the proper course of action to management.
Review, research and disposition assigned alerts, including but not limited to FRAML and OFAC alerts accurately and within specified timeframes.
Investigates cases from various sources, including but not limited to alerts and UARs, from start to finish.
Ensures determinations are appropriate, fully supported and clearly documented.
Investigates complex cases and reviews involving multiple relationship accounts and complex ownership structures.
Assists with other investigative efforts within the department.
Assists in guidance and training of front-line banking staff regarding BSA matters.
Reviewing and verifying that all CTRs are completed correctly and prepared for final approval and submission.
Reviews and dispositions OFAC suspects.
Writes Suspicious Activity Report (SAR) narrative and completes SAR form.
Acts as liaison with law enforcement and other financial institutions.
Assists in data collection, research & investigation of through the utilization of FinCEN 314(a) & (b) information sharing requests.
Completes Enhanced Due Diligence (EDD) reviews for all high-risk customers identified through risk analysis, including initial and ongoing EDD reviews.
Performs quality reviews and second reviews.
Assists with CTR preparation, new account review, 314a scrubs and other reports as needed.
Assist with preparing, maintaining, and updating reports, manuals, procedures, risk assessments and training materials.