What are the responsibilities and job description for the BSA/AML Investigator I position at Farmers & Merchants Bank of Central California?
BSA/AML Investigator I
Department: BSA / Fraud Management
Employment Status: Full-Time, Non-Exempt
Location: Lodi Salary: $26.00 - $30.15 (commensurate with experience & qualifications)
Supervises Others: No
F&M Bank believes that each employee makes a significant contribution to our success. The contribution should not be limited by the assigned responsibilities. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.
- The individual in this position is responsible for ensuring strict adherence to F&M Bank policies and procedures while adhering to federal/state regulatory requirements, with a focus on comprehensive anti-money laundering and BSA investigations.
- This individual demonstrates strong organizational skills and the ability to investigate possible suspicious activity while following the Bank’s anti-money laundering procedures.
- They will report the findings of such investigations to the BSA/AML Manager and work collectively with Manager to report activities to applicable regulatory authorities and to resolve business issues related to BSA quickly and in a professional manner.
Who are we looking for?
- Under supervision assist with high risk customer reviews including:
- Cash Secured Loan reviews on a periodic basis to for all cash secured loans meeting the Bank’s requirement for review.
- Money Service Business reviews done semiannually on all existing MSB customers.
- CTR Exemption research, documentation provided to the BSA/Fraud Manager and Executive Management on proposed
exemptions and annual reviews once a customer is exempted.
- Political Campaign and Political Action Committee account reviews.
- Research and write reports as required.
- Investigations include (but are not limited to):
- Identifying, researching and reporting suspicious activity
- Managing the investigative process from initial detection to disposition
- Thoroughly and timely reviewing reports and bank records that potentially identify suspicious activity
- Providing case findings to the BSA/Fraud Department Manager for concurrence and/or feedback
- Evaluate, recommend and implement changes to work processes to increase department efficiency.
- Use automated systems when appropriate.
- Maintains current desk procedures and coordinates information/changes with the appropriate Bank personnel and customers.
- The ability effectively prioritize works assignments with changing priorities.
- Highly detail-oriented
- Should be a self-starter and a results oriented team player.
- Above average written and verbal communication skills with emphasis on correct English grammar.
- Demonstrate ability to exercise independent judgment, initiative, and tact in dealing with management, supervisors, staff,
and the general public.
- Present a professional, business-like manner, appearance.
- Maintaining strict confidentiality.
Also required:
- Successful completion of a credit check review is a condition of employment.
- Minimum of 3 years experience specializing in banking, financial management and BSA/AML. This position requires the incumbent to have proven knowledge of all applicable federal and state laws/regulations pertaining to BSA/AML, USA Patriot Act and OFAC.
- Certified Anti-money Laundering Specialist Certification (CAMS) preferred but not required.
- Bachelor’s degree in Business or related field is preferred but not required.
- Must have excellent organizational skills. Special skills to include, but not limited to Internet Banking, Personal Computer use, Word Processing, E-mail, EXCEL, Access and Data Entry.
F&M Bank
We are an equal opportunity employer - This organization participates in E-Verify - Esta Organización Participa en E-Verify
Salary : $26 - $30