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KYC/CIP Specialist I, Santa Ana at Banc of California

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Santa Ana, California

Job Description:

Since 1941, Banc of California (NYSE:BANC) has empowered California’s diverse private businesses, entrepreneurs and communities, provided full service banking and lending, and partnered with businesses, families and employees to achieve their dreams.
Today, we are large enough to meet our clients’ banking needs, yet small enough to care and serve them well. Banc of California’s strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success.

Responsible for ensuring that the Bank meets both the regulatory and internal Know Your Customer (KYC), and Customer Identification Program (CIP) requirements, prior to on-boarding potential customers. Responsible for reviewing and approving KYC and CIP documentation for the Bank’s various business units. 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.

  1. Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes.

  2. Reviews documentation for new customer accounts to identify and mitigate KYC/CIP risks.

  3. Conducts customer due diligence (CDD) to ensure authenticity, completeness, and accuracy of information provided by customer.

  4. Performs thorough screenings for Office of Foreign Asset Control (OFAC) sanctions and Politically Exposed Person (PEP) classifications.

  5. Investigates ownership and control to identify all ultimate beneficial owners for KYC and CIP risk management purposes.

  6. Ensures accurate KYC/CIP information is recorded regarding source of funds and expected account activity for Anti-Money Laundering (AML) risk management purposes.

  7. Utilizes investigative techniques and tools to verify the potential customer’s identity, review their background, assess the associated risks, and compile due diligence files.

  8. Performs in-depth evaluation and analysis of the potential customer using both internal and external sources and makes informed decisions.

  9. Interacts with peers, departmental management and other internal or external constituents in order to deliver comprehensive views on investigative and intelligence matters.

  10. Alerts management of suspicious findings and prepares a Suspicious Activity Report (SAR) narrative.

  11. Drafts and updates any associated desktop procedures.

  12. Assists with any ad-hoc projects that relate to KYC/CIP and other areas of BSA and AML compliance.

  13. Accountable for strict adherence to all regulatory deadlines, internal service level agreements, production expectations, and consistent and accurate application of policies and procedures.

  14. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

  15. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.

  16. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.

  17. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

  18. Performs other duties and projects as assigned.

Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation.


  • 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 At (RFPA, state and federal) and Community Reinvestment Act (CRA)

  • Demonstrates basic knowledge of Bank Secrecy Act (BSA), USA PATRIOUT Act (USAPA), and Title 31 Code Federal Regulations Chapter X regulations and requirements

  • Demonstrates basic knowledge of production analysis and report writing environments

  • Demonstrates good understanding of KYC, CIP, CDD, EDD, PEP, OFAC requirements, policies, procedures and practices for various client types

  • Working knowledge of BSA/AML regulations, requirements, research techniques, and tools

  • Knowledge of various non-retail banking products and services including; deposit, investment, treasury and cash management, equipment lending, commercial real estate, lending, and credit products, or other financial instruments

  • Familiarity with banking and financial services industry systems and applications required

  • Effective organizational and time management skills

  • Intermediate knowledge of Bank Secrecy Act (BSA) regulations.

  • Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook

  • Intermediate typing skills to meet production needs of the position

  • 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

  • Exceptional oral, written and interpersonal communication skills with the ability to communicate complex information accurately, clearly and quickly

  • Ability to compose letters, outlines, memoranda, and basic reports and/or to orally communicate technical information

  • Ability to understand complex problems and to collaborate and explore alternative solutions

  • Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints

  • Ability to consistently apply a high level of detail and sense of curiosity in every case

  • Ability to operate in a highly collaborative and team oriented environment

  • Ability to work in an up-tempo, fast paced and evolving environment

  • Ability to make informed critical decisions within the area of responsibility

  • Ability to take initiative and work independently with minimal supervision in a structured environment

  • Ability to work both independently and to collaborate cross-functionally


  • High school diploma or equivalent work experience; Bachelor’s degree preferred.

  • Zero (0) to one (1) years direct BSA/AML/KYC experience with three (3+) years’ banking experience where Customer Due Diligence was collected and assessed (or equivalent).

  • Ability to obtain Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE) certification, Certified Financial Crime Specialist (CFCS), or other applicable industry designation when eligible.