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Form of workJob Description
Summary: This position is responsible for the preliminary monitoring of the Bank Secrecy Act (BSA) and the Anti-Money Laundering (AML) compliance program designed to ensure that the Bank achieves optimum compliance with the laws. This position provides an assessment of suspicious activity as it relates to BSA and AML in the areas of High-Risk Accounts, New Account documentation, Customer Information Process (CIP), and Enhanced Due Diligence (EDD) Additionally, this position reviews data as it relates to the Office of Foreign Assets Control (OFAC).
Salary Range: The salary range in CA for this role is $60,100 to $84,200 and represents the Company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate may vary outside of this range depending on a number of factors, including a candidate's qualifications, skills, competencies, experience, and location.
Duties and Responsibilities:
- Understands and complies with requirements of all laws and regulations applicable to the position
- Monitor BSA software, reporting, and wire activity as it relates to BSA and AML to identify suspicious account activity
- Responsible for Case Investigations and Enhanced Due Diligence(“EDD”) reviews for higher-risk clients
- Conduct analysis of transactional data and alert monitoring to make determinations of irregular activity through an understanding of historical client activity and regulatory definitions of suspicious activity
- Review, analyze, and assist in making risk rating decisions or changes on client accounts and relationships
- Ensure the Bank is in compliance with OFAC regulations. Monitors Bank’s OFAC software system to ensure adherence to OFAC Policy and procedures
- Research BSA regulatory issues and respond to compliance questions from Bank personnel, utilizing legal and regulatory reference materials and consulting with the BSA Manager
- May attend outside training for BSA and OFAC
- Have knowledge of and compliance with Bank policies, procedures, and regulations that govern job responsibilities
- Attend and complete all required classroom, computer-based, web-based, and seminar training, as assigned
- It is the individual responsibility of every employee to maintain current awareness and understanding of and to fully comply with the Bank’s “Code of Ethics and Conduct”. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies, and procedures that are appropriate for his/her position
- Perform other duties as assigned
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below represent the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Education and/or Experience:
- High School diploma or equivalent required; Bachelor’s degree preferred
- Minimum of 5 to 7 years of banking experience in retail, operations, compliance, or BSA setting required
- CAMS certification preferred
Skills
- Excellent command of the English language, both written and verbal, and the ability to effectively communicate with all levels within the organization
- General Mathematics and Accounting knowledge
- Must be able to assess any given situation and bring a successful resolution
- Must be experienced in the effective use of one or more core banking deposits and new account software
- Must have satisfactory computer and spreadsheet skills
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
While performing the duties of this job, the employee is regularly required to sit for long periods of time; use hands to operate controls on the computer; reach with hands and arms for phone and computer work; communicate on the phone while wearing a headset for extended periods. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. This job description is subject to change at any time.
First Foundation is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.
