BSA/AML Investigations Analyst at Mechanics Bank in Roseville, California

Posted in Other 11 days ago.





Job Description:

Mechanics Bank is currently searching for a BSA/AML Investigations Analyst to be based at our Roseville, CA offices. The FIU team is responsible for centralized monitoring of suspicious transactions and investigations where suspicious activity is present. The Analyst works under varying levels of supervision, and in accordance with established policies and procedures, may be responsible for: day-to-day monitoring and/or investigation of potential suspicious activity, ensuring accurate and timely submission of all required reports (i.e. SARs), conducting suspicious activity reviews and analysis of higher risk customers including MSBs, ATMs, and other new or existing high risk customer relationships for the bank. Other duties may include, but are not limited to, implementing new policies and procedures, training peer colleagues, supervisees, direct reports, and/or extra departmental colleagues (e.g. frontlines and operational staff); reviewing, processing and filing SARs. Assists BSA management, as requested, in performing various research functions including but not limited to reviewing and preparing month end reports.

What you will do:


  • Completes reviews of various reports, applications, and platforms utilized by the FIU.


  • Performs review of customer information and related transactions, analyzing complex data to assist in determining if CTR filing is required and if activity appears suspicious.


  • Refers potentially suspicious activity to Investigations Team for SAR consideration.


  • Documents findings in concise, detailed, and accurate manner consistent with policy, procedure, and training.


  • Keeps informed of current laws, regulations, and common practices in the Bank Secrecy Act, OFAC, USA Patriot Act, and Anti-Money Laundering fields.



  • OFAC/CIP/CDD:


  • Conducts investigations to appropriately resolve potential matches generated by the Bank's OFAC/Watch list screening software on both the customer and


  • transaction level


  • *Review and analyze bi-monthly FinCEN 314(a) issued lists for possible matches within the Bank's database, wire activity and monetary instrument report


  • Answer KYC/AML questions raised by the Line of Business


  • Review of complex business formation and governance documents


  • Collection and assessment of beneficial ownership


  • Review of complex business formation and governance documents


  • Completes reviews of various reports, applications, and platforms utilized by the FIU


  • Documents findings in concise, detailed, and accurate manner consistent with policy, procedure, and training.


  • Completes reviews in accordance with strict guidelines pertaining to OFAC.


  • Keeps informed of current laws, regulations, and common practices in the Bank Secrecy Act, OFAC, USA Patriot Act, and Anti-Money Laundering fields



  • Surveillance & Monitoring:


  • Completes reviews of various reports, applications, and platforms utilized by the FIU.


  • Performs review of customer information and related transactions, analyzing complex data to assist in determining if activity appears suspicious.


  • Refers potentially suspicious activity to Investigations Team for SAR consideration.


  • Documents findings in concise, detailed, and accurate manner consistent with policy, procedure, and training.


  • Reviews and sends referrals to Fraud/EDD.


  • Provides assistance in preparation of monthly reports to keep management informed of department activities, such as: Stratification and Velocity Analysis, SAR volume tracking, and other reports as assigned.


  • May assist with special projects as assigned by BSA/AML Ops Manager or Senior Bank Management.


  • Ensure accuracy of relevant Policy and Procedures (P&Ps) and Process Workflows.


  • Identify enhancements to existing P&Ps and Process Workflows.


  • Keeps informed of current laws, regulations, and common practices in the Bank Secrecy Act, OFAC, USA Patriot Act, and Anti-Money Laundering field



  • Investigations:


  • Completes BSA/AML reviews of various reports, applications, and platforms utilized by the FIU.


  • Performs review of customer information and related transactions, analyzing complex data to determine if activity appears suspicious and warrants SAR filing.


  • Makes recommendations for SAR filing to senior staff and/or management for approval.


  • Identifies opportunities to contact Law Enforcement on potentially suspicious activity identified in the investigative process.


  • May communicate with Law Enforcement or Regulators with Team Lead or Manager approval.


  • Ensures thorough completion of all investigations


  • Ensures timely completion of case work to facilitate case closure and/or transmission of SARs to federal authorities as required by regulation.


  • Documents findings in concise, detailed, and accurate manner consistent with policy, procedure, and training.


  • Reviews and sends referrals to Fraud/EDD upon approval from Team Lead or Manager.


  • May assist with more complex investigations that are generally non-system generated (e.g. Subpoenas, higher risk reviews).


  • Prepare 314(b) requests, as needed.


  • Recommend customer closures and prepares necessary support documentation.


  • May assist in staff training efforts.


  • Keeps informed of current laws, regulations, and common practices in the Bank Secrecy Act, OFAC, USA Patriot Act, and Anti-Money Laundering fields


Who you are:


  • Knowledge of Bank Secrecy Act, Patriot Act, OFAC and other AML Regulations


  • Knowledge of transaction review and monitoring, AML monitoring and investigations and SAR reporting, High Risk Customer Reviews


  • Familiarity with - FFIEC BSA/AML Investigations Manual, Enhanced Due Diligence, Customer Due Diligence, and Customer Risk Rating, Information Sharing, Government Reporting


  • Applying Risk-based Analysis and Reporting Methodologies


  • BSA/AML Compliance and Risk Best Practices


  • High School diploma (College Degree Preferred) or equivalent with minimum of 3 years of banking or other financial services experience and a minimum of 1 years of BSA/AML or other related experience required.


  • Preferred law enforcement background


  • Thorough knowledge of anti-money laundering regulatory requirements of the Bank Secrecy Act, Office of Foreign Asset Control, USA PATRIOT Act and related requirements required.


  • Requires proficiency with bank and FIU applications including: Surveillance Monitoring, Investigations, and Case Management platforms; Customer Onboarding and Customer Risk Rating platforms; Sanctions Screening Utilities and other applications.


  • Exposure to platform implementation/ enhancement/ testing environment a plus



  • Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

  • Please view Equal Employment Opportunity Posters provided by OFCCPhere.

  • To learn more about Mechanics Bank's California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit https://www.mechanicsbank.com/California-Consumer-Residents