FIU Investigator II

Banc of California • Santa Ana, CA

5d • Onsite

About The Position

Responsible for managing a caseload of investigations, performing analysis and follow-up and working cases from beginning to completion according to AML procedures and policies. 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

• A minimum of five (5)+ years’ direct BSA/AML/OFAC experience or equivalent, with at least two (2) years in an investigative role or equivalent.
• Experience in reviewing customer transactions and information for potentially suspicious activity and performing AML or financial investigations
• Bachelor’s degree required
• 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).
• Work experience in a financial institution with job specific work experience in AML.
• Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.
• Established business knowledge and comprehension of financial products.
• Ability to understand and draw conclusions from research conducted.
• Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
• 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.
• Effective organizational and time management skills.
• Exceptional oral, written and interpersonal communication skills.
• Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
• Ability to organize and prioritize work schedules on a short-term and long-term basis.
• Ability to provide consultation and expert advice to management.
• Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed.
• Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations.
• Ability to work with little to no supervision while performing duties.
• High School diploma or equivalent required

Nice To Haves

• CAMS, CFE, CPA, CFCS certification(s) preferred

Responsibilities

• Responsible for investigations generated from sources which include: cases generated via Case Management Tool, client on-boarding and maintenance and transaction monitoring referrals, government sources, and referrals from business partners and other control areas.
• May be responsible for cases involving more complexity/sensitivity.
• Researches and analyzes account records and reports to detect transactions that involve potential financial criminal activity, such as fraud, money laundering or terrorist financing.
• Documents and reports the investigation findings and prepares case files for review (e.g. media search results, copies of statements/checks, results from internal system searches etc.)
• 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 investigation and follows-up to ensure timely receipt.
• Collects and examines financial statements and documents to assist in identifying unusual transaction patterns.
• Conducts research over available Bank systems, the Internet and Databases consistent with the resolution of investigations.
• Writes and submits Suspicious Activity Reports (SARs) for review and filings and recommend relationship retention or termination and track account closures as required.
• Trains and mentors new employees on current procedures.
• Conducts Cross Sector reviews among multiple business units.
• Triage cases and identify items appropriate for Senior Management escalation.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

Benefits

• Eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• 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).
• Adoption, surrogacy, and fertility assistance.
• Paid parental leave and family support solutions including care options for your family.
• Paid vacation days, holidays, and volunteer time off.
• Tuition reimbursement.
• Annual mentorship program.
• Leadership development resources.
• Access to LinkedIn Learning.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED