AML Senior Investigator

GENERAL SUMMARY

Investigator is responsible to conduct the transactional activity reviews and due diligence on potential AML risks associated with existing or potential customers with the purpose that the customer does not present undue legal, regulatory, or reputational risk to Cathay Bank.

Interface with branch/lending staff to obtain information related to their customer's transaction activity and documentation provided.

ESSENTIAL FUNCTIONS

• Maintains a current knowledge of the Bank Secrecy Act and related anti-money laundering and OFAC regulations.
• Conducts account analysis to detect trends and patterns, irregular transaction behavior.
• Sends requests to account officers to provide supporting documentation on unusual transactions.
• Organizes and summarizes the analysis performed into cohesive and concise narrative to enrich the customer profile.
• Completes SARs (if necessary) in a timely manner.
• Ensures that analysis information and documentation is organized and maintained appropriately.
• Responsible for researching detailed information, including names and accounts provided by multiple sources to determine if there is evidence of criminal activity.
• Ensures accurate tracking of assignments and requests for documentation for proper tracking of deadlines, as well as following up on pending items in a timely manner.
• Coordinates with the AVP Manager to resolve issues, discuss patterns and trends, policy changes, etc.
• Other responsibilities assigned by the BSA Officer or designee.
• Regular overtime is required, this includes occasional weekend days.

QUALIFICATIONS

• Strong understanding of Financial Institutions business and relevant products/services.
• 3 or more years of investigative or related experience with specific emphasis on BSA/AML, SDD/KYC and OFAC.
• Familiarity with U.S. BSA/AML Laws/Regulations required.
• Strong analytical and problem resolution skills.
• Excellent communication skills, both written and verbal.
• Ability to work well independently and with others.
• Ability to multi-task prioritize deliverables in a timely and effective manner.
• Flexibility to adapt to changing priorities to meet business needs.
• Proficient in the Microsoft suite of products and Internet-based research.
• Bachelor's Degree in related fields of business or finance, preferred.

OTHER CONSIDERATIONS

Cooperates and works effectively with others; recognizes, supports, and respects others.

Results of Bank's BSA/AML examinations will be considered in evaluating the individual's performance.

OTHER DETAILS

$31.25 - $36.06 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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