BSA Manager, Financial Investigations at Farmers and Merchants Bank of Long Beach
Lakewood, CA 90712, USA -
Full Time


Start Date

Immediate

Expiry Date

03 Dec, 25

Salary

194670.0

Posted On

03 Sep, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Supervisory Skills, Customer Service Skills, Microsoft Excel, Bank Secrecy Act, Critical Thinking, Outlook

Industry

Banking/Mortgage

Description

JOB SUMMARY

The BSA Manager, Financial Investigations assists in the management of the Bank’s Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program, including detection of unusual or suspicious activity in a timely manner while safeguarding the integrity of the Bank and ensuring the Bank’s compliance with BSA/AML regulations. The BSA Manager, Financial Investigations supports the AML processes, assists the BSA/AML Compliance Officer with primarily managing the suspicious activity case investigations and SAR regulatory reporting requirements. Additionally, the BSA Manager, Financial Investigations acts as a liaison with law enforcement, and is a backup to the BSA Manager, KYC/CDD/CTR as it relates to customer and enhanced due diligence and other processes.

REQUIRED KNOWLEDGE

  • Bank Secrecy Act

BASIC KNOWLEDGE, SKILLS AND ABILITIES

  • Clear understanding of the English Language (Spoken & Written)
  • Basic Mathematics Skills
  • Customer Service Skills
  • Telephone Skills
  • Critical Thinking, Judgment & Problem-Solving Skills
  • Supervisory Skills
  • Ability to actively listen & learn.
  • Ability to respectfully communicate with supervisors and co-workers
  • Proficient in Microsoft Excel, Word, Outlook.

PHYSICAL REQUIREMENTS & WORK ENVIRONMENT

  • Requires sitting for prolong period of time
  • Requires lifting up 10 lbs.
  • Office setting w/controlled temperature

EDUCATION AND EXPERIENCE

  • High School Diploma or equivalent required.
  • 5-10 years’ experience with BSA programs within the financial services industry
  • CAMS certification preferred, but not required
    This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.
    F&M Bank reserves the right to revise or change a job description or duties as the need arises. This job description does not constitute a written or implied contract of employment.
Responsibilities

ESSENTIAL DUTIES

  • Assign cases and SARs and monitors to completion.
  • Conducts final review of SARs and completes filing with FinCEN in compliance with regulatory guidelines.
  • Ability to communicate effectively with Bank personnel regarding discussions surrounding customer exits and/or gathering documentation to retain customers.
  • Liaison between law enforcement for legal requests.
  • Back up support for BSA Manager, KYC/CDD/CTR.
  • Supports BSA/AML Officer on all audits and exams.
  • Creates and schedules trainings for Bank staff.
  • Manages department staff, responsible for cross training and staff reviews.
  • Ensure Verafin users are trained in new release features and functionality; update desktop procedure, as needed; Assist in the implementation, as required.
  • Updates desktop procedures and other duties as assigned.
  • Additional projects may be assigned in efforts to find efficiencies and to streamline the Department.
    Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, AML, OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. Acts as the control point for the Department to ensure that all BSA/AML-related requirements, procedures and time frames are met.

NON-ESSENTIAL DUTIES

  • Attend outside seminars and conferences to enhance knowledge of BSA/AML & OFAC regulations/requirements
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