New Account Review Specialist

Cathay Bank•Rosemead, CA

7d•$23 - $26

About The Position

The New Accounts Review Specialist acts as a liaison with the Retail Banking team and other areas of the bank in reviewing, verifying and processing customer account opening documents to ensure compliance with legal, regulatory and internal bank policies. The New Accounts Specialist plays a critical role in ensuring the seamless and compliant onboarding of new clients by managing the end-to-end documentation process. The New Accounts Review Specialist investigates and corrects new account discrepancies, errors, or missing documentation.

Requirements

High School diploma required
Minimum 2-5 years of deposit operations or comprehensive knowledge of all aspects of new accounts in a financial institution.
Computer experience (Microsoft Word, Excel, Outlook) required.
Excellent interpersonal, verbal and written communication skills.
Able to effectively interact with all Bank departments and levels of employees
Strong attention to detail, specifically for reviewing legal documents and client data.
Strong understanding of banking products, regulatory requirements (KYC/AML), and legal documentation.
Ability to handle sensitive financial information with discretion.
Experience in a high-volume and fast-paced environment

Nice To Haves

college degree in business, finance, or related field preferred but not mandatory (or equivalent experience).

Responsibilities

Assist branches and internal departments with proper guidance and interpretation of bank policies and procedures via telephone and email.
Completes research and follow up in a timely manner to resolve documentation discrepancies.
Ensure compliance with all applicable regulations, including but not limited to BSA/AML, CIP, OFAC, Reg CC, Reg E, Reg DD, UDAAP, and other requirements.
Maintain knowledge of all products and services offered in assigned areas. Keep abreast of new products and services as well as changes to existing products and services.
Review new account documentation for adherence to regulatory and/or legal requirements and bank policy.
Perform system review of customer and account level input for accuracy and completeness.
Track missing or incomplete documentation and communicating with internal partners to resolve issues. Run daily reports to track account opening documentation exceptions.
Conduct pre- and post- documentation review of new account openings to ensure all documents are accurate and complete.
Assist with inquiries from internal partners regarding account status or required documentation.
Support system enhancements, vendor relationships, and testing related to account opening platforms and core systems.
May be cross- trained on various positions in the department.