EDD Investigator II - Santa Ana, CA

Banc of California • Santa Ana, CA

2d

About The Position

Responsible for ensuring that the Bank meets both regulatory and internal Enhanced Due Diligence (EDD) requirements. Tasked with assessing customer risk and producing financial intelligence through research and analysis. The EDD Investigator II will conduct analyses of current customers through a variety of assigned cases. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.

Requirements

• Bachelor’s degree preferred.
• A minimum of five (5)+ years’ direct BSA/AML/OFAC experience or equivalent, with at least two (2) years in a role specifically performing enhanced due diligence.
• Experience in assessing customer risk and due diligence reviews.
• Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA)
• Demonstrates basic knowledge of Bank Secrecy Act (BSA), USA PATRIOUT Act (USAPA), and Title 31 Code Federal Regulations Chapter X regulations and requirements
• Demonstrates advanced knowledge of production analysis and report writing environments
• Demonstrates good understanding of KYC, CIP, CDD, EDD, PEP, OFAC requirements, policies, procedures and practices for various client types
• Advanced knowledge of BSA/AML regulations, requirements, research techniques, and tools
• Knowledge of various non-retail banking products and services including; deposit, investment, treasury and cash management, equipment lending, commercial real estate, lending, and credit products, or other financial instruments
• Familiarity with specialized financial services industry related systems and applications required
• Effective organizational and time management skills
• Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook
• Intermediate typing skills to meet production needs of the position
• Intermediate math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs
• Exceptional oral, written and interpersonal communication skills with the ability to communicate complex information accurately, clearly and quickly
• Ability to compose letters, outlines, memoranda, and basic reports and/or to orally communicate technical information
• Ability to understand complex problems and to collaborate and explore alternative solutions
• Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints
• Ability to consistently apply a high level of detail and sense of curiosity in every case
• Ability to operate in a highly collaborative and team oriented environment
• Ability to work in an up-tempo, fast paced and evolving environment
• Ability to make informed critical decisions within the area of responsibility
• Ability to take initiative and work independently with minimal supervision in a structured environment
• Ability to work both independently and to collaborate cross-functionally
• High School diploma or equivalent required

Nice To Haves

• Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE) certification, Certified Financial Crime Specialist (CFCS), or other applicable industry designation preferred.

Responsibilities

• Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes.
• Reviews documentation for existing customers to identify, assess and mitigate KYC risks.
• Performs more complex investigations into ownership and control to identify all ultimate beneficial owners for KYC risk management purposes.
• Utilizes advanced investigative techniques and tools to perform Enhanced Due Diligence by verifying the customer’s identity, reviewing their background, assessing the associated risks, analyzing transactional data, and compiling due diligence files.
• Conduct investigative/intelligence research of individuals, entities, and/or events related to current or prospective customers through public records, open source media, vendor systems, or other research tools.
• Responsible for communicating with internal and external entities, members of the sales team and other risk units.
• Responsible for submitting Requests for Information (“RFIs”) to the front lines to identify additional information in support of the due diligence investigation and follow-ups to ensure timely receipt.
• Draft assessment summaries and other written investigative/intelligence products to support judgments, decisions and recommendations.
• Trains and mentors new employees on current procedures.
• Conducts cross sector reviews among multiple business units or related customers.
• Interacts with peers, all levels of management and other internal or external constituents in order to deliver comprehensive views on investigative and intelligence matters.
• Alerts management of potentially suspicious findings
• Assists with any ad-hoc projects that relate to EDD and other areas of BSA and AML compliance.
• Accountable for strict adherence to all regulatory deadlines, internal service level agreements, production expectations, and consistent and accurate application of policies and procedures.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

Benefits

• Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long- term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
• Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
• Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
• Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.

What This Job Offers

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