Sr. AML Investigations Analyst – Ctr
| Company | Mechanics Bank |
|---|---|
| Location | Irvine, CA, USA, Roseville, CA, USA |
| Salary | $68640 – $85000 |
| Type | Full-Time |
| Degrees | |
| Experience Level | Mid Level, Senior |
Requirements
- High school diploma or equivalent with 2 years of banking or other financial services experience preferred.
- Ability to use multiple systems simultaneously to gather data needed to determine whether activity requires CTR reporting.
- Consistently meets regulatory timeframes for filing CTRs, CTR exemptions and Monetary Instrument Recordkeeping.
- Conducts due diligence on customers and account activity.
- Reviews and analyzes cash transaction reports that may require regulatory reporting.
- Documents rationale for including/excluding transaction(s) in a CTR filing or decision to not file a CTR.
- Identifies transactional patterns, trends and red flags.
- Accurately completes all assigned CTR batches prior to the regulatory deadline.
- Portrays strong analytical skills to identify patterns, trends, and potential red flags in transactions.
- Reviews customer accounts and analyzes transactions to determine eligibility with CTR exemption requirements.
- Monitors exempted accounts for any changes that may affect their eligibility.
- Assists with annual review of exempt customers and completion of review form required by the Internal Revenue Service (IRS).
- Identifies and accurately documents cash transactions that meet Monetary Instrument Recordkeeping requirements and validate that the required customer information is completed accurately and timely.
- Collaborates with other departments when errors are identified and/or information is required to meet regulatory requirements with CTR processing and filing and Monetary Instrument Recordkeeping.
- Maintain a high degree of professionalism and confidentiality.
- Obtains and maintains proficiency with systems and applications used to perform the functions of the role.
- Learn and develop new skills that are transferable to other areas of the Department and can provide additional bench strength for the team.
- Ability to identify and refer questionable activity to the FIU’s Investigation’s team.
Responsibilities
- Reviews and analyzes customer account activity and branch transaction reports to determine if requirements are met to warrant regulatory reporting.
- Conducts quality control reviews to identify potential missed CTRs or other regulatory findings.
- Writes comprehensive due diligence reviews that meets the requirements of the FFIEC’s guidelines on CTR exempt customers.
- Transmits CTR filings to FinCEN within regulatory timeframe.
- Requires use of multiple Bank and department systems and applications to gather customer and transactional data needed to perform duties.
- Compiles and communicates errors, findings and/or requests additional information from branch personnel and management, as required to meet regulatory requirements with the requirements of this role.
- Maintain disciplines in consistently following current processes, procedures and policies ensuring compliance with job responsibilities.
Preferred Qualifications
- 2 years of banking or other financial services experience preferred.