Patelco Credit Union

  • BSA/AML Investigator

    Job Locations US-CA-Pleasanton
    Req No.
    2019-3108
    Category
    Risk Management
    Type
    Regular Full-Time
  • Overview

    The BSA/AML Investigator will report to and assist the BSA Officer. The BSA/AML Investigator will Identify, research, analyze, document, and report suspicious transactions that require analysis based on risk categories, business rules, member profiles, and operating procedures.  The successful candidate will embrace change, be able to multi-task and complete assignments on time, work independently, and exhibit strong work ethics.

    Responsibilities

    • Identify, analyze, document, and report suspicious transactions that require analysis based on risk categories, business rules, member profiles, and operating procedures.
    • Conduct investigations on current or prospective members and third parties; this may include, but will not be limited to background reviews, negative news screening reviews, internet searches, and enhanced due diligence.
    • Conduct or request of branches interviews of members to explain suspicious activity.
    • Interpret data from various reports and specialized applications to 1) determine the scope of investigations and enhanced due diligence and 2) prepare or file Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs).
    • Prepare well written internal communications and investigative reports to support conclusions.
    • Document investigations, escalations, and resolution of sanction matches for review by the BSA/AML Officer.
    • Communicate, written and verbal, with Patelco branches, departments, government and law enforcement agencies and other credit unions.
    • Review real-time or in-process transactions with potential sanctions matches to ensure compliance with financial sanctions.
    • Stay abreast of regulatory requirements and maintain technical proficiency.
    • Adhere to applicable federal and state BSA/AML laws and regulations (e.g. BSA/AML laws, e.g. USA Patriot ACT, Bank Secrecy Act, economic and trade sanctions administered and enforced by The Office of Foreign Assets Control (OFAC), etc.).
    • Comply with the Credit Union’s BSA/AML Policy and procedures.
    • Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union’s policies and procedures.
    • Complete require compliance training.
    • Perform other duties as assigned.

    Qualifications

    • Minimum one year of prior BSA/AML experience conducting suspicious activity monitoring and enhanced due diligence investigations or one year of audit or compliance experience in a financial institution.
    • Knowledge of Verafin FRAML or other BSA software programs.
    • Strong knowledge of BSA/AML laws, e.g. USA Patriot ACT, Bank Secrecy Act, economic and trade sanctions administered and enforced by The Office of Foreign Assets Control (OFAC), etc.
    • Strong writing, research, analytical, organizational, investigative, oral, and problem solving skills
    • Strong knowledge of banking operating practices (e.g., cash and non-cash deposit operations, electronic money movement, lending operations, etc.).
    • Strong PC and software skills and an aptitude for learning bank operating systems.

     

     Highly Preferred Qualifications

    • Credit Union Compliance Expert (CUCE) certification, or
    • Association of Certified Anti-Money Laundering Specialists (ACAMS) designation, or
    • BSA Compliance Specialist Certification (BSACS), or
    • NAFCU Certified Compliance Officer (NCCO) designation
    • Associate’s or Bachelor’s Degree in Accounting, Law Enforcement or related field or equivalent work experience that directly relates to the functions of this position.

    Competencies Required: 

    • Ability to perform transaction analysis and identify suspicious activity through understanding of industry norms and regulatory requirements or guidelines.
    • Ability to conduct investigations by utilizing various resources, such as specialized software applications, reports, and databases.
    • Ability to read, interpret, and communicate financial and/or regulatory information.
    • Ability to document findings in a centralized case management system. This includes writing detailed narratives to support conclusions and attaching supporting documentation to alerts and/or cases.
    • Ability to prepare BSA/AML reports and understand/follow filing requirements.
    • Ability to embrace change, work independently, and demonstrate good work ethics.

    Physical Activities:

    • This position involves sitting most of the time.
      • Employee must be able to read reports, manuals, and computer screens for extended periods of time.
      • Hearing must be sufficient to comprehend information conveyed via telephone calls, webinars, and in person.
      • Speech must be clear to convey information.

     

     

    Patelco does not discriminate against any applicant or employee because of race, religion, age, gender, national origin, marital status, disability, sexual orientation, or any other classification unrelated to the candidate's ability to perform essential job functions.

     

    IND123

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