BSA/AML Investigator , Assoc (Operations Adherence Group)
What sets Bank of the West apart from other banks is our team members they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines Retail Banking, Commercial Banking, National Finance, and Wealth Management
Position Summary
Responsible for reviewing recommendations received for account closure from the Investigations Unit, High Risk Customer Unit, Currency Transaction Reporting Unit and Sanctions Unit. Reviews recommendations for accuracy and completion, and returns recommendations to respective Unit Managers for edits and/or additional information. Obtains approval from BSA Operations Management and respective Line of Businesses (LOB). Duties also include notification to Special Services and entry into the Hot List.
1. Reviews closure memo and email recommendation for accuracy and completion. Works with Unit Managers and Team Managers for correction or additional information.
2. Tracks closure status throughout its cycle via Closure Log in SharePoint as well as IRIS. Maintain appropriate documentation of the closure recommendations.
3. Consolidates the closure recommendations received on a weekly basis for review by Operations Adherence Manager and BSA Management.
4. Communicates recommendation with the LOB to obtain their approval for closure. Manages LOB requests for accounts to remain open by notifying the Operations Adherence Manager.
5. Prepares customer closure letters for each affected account. Provides to Operations Adherence Manager for review/approval prior to mailing letter via certified mail.
6. Once approvals have been received, prepares communication to Special Services and to LOB regarding closure date.
7. Responsible to add customer/entity names into BENCH which is BOTW's Hotlist database. Assists Loss Prevention with BENCH research/validation.
8. Communicates the closure of deposit accounts to the other BUs via email.
9. Prepares month end reporting
10. Maintains thorough knowledge of the Bank's systems used to conduct research of customer transaction activity
11. Performs other duties as assigned.
Required Experience
Years of functional/professional
Experience:
1 year(s) experience involving financial research in bank operations, security, compliance or legal areas
Good knowledge of Branch or back-office operations
Some knowledge of BSA regulations pertaining to suspicious AML-related customer activity
Good knowledge of Bank's host systems and eVision, as well as the BSA-related suspicious activity detection systems used by the Bank.
Associate's Degree in Criminal Justice or equivalent preferred
Required license(s) or certification(s):
Certified Anti-Money Specialist preferred
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
Position Summary
Responsible for reviewing recommendations received for account closure from the Investigations Unit, High Risk Customer Unit, Currency Transaction Reporting Unit and Sanctions Unit. Reviews recommendations for accuracy and completion, and returns recommendations to respective Unit Managers for edits and/or additional information. Obtains approval from BSA Operations Management and respective Line of Businesses (LOB). Duties also include notification to Special Services and entry into the Hot List.
1. Reviews closure memo and email recommendation for accuracy and completion. Works with Unit Managers and Team Managers for correction or additional information.
2. Tracks closure status throughout its cycle via Closure Log in SharePoint as well as IRIS. Maintain appropriate documentation of the closure recommendations.
3. Consolidates the closure recommendations received on a weekly basis for review by Operations Adherence Manager and BSA Management.
4. Communicates recommendation with the LOB to obtain their approval for closure. Manages LOB requests for accounts to remain open by notifying the Operations Adherence Manager.
5. Prepares customer closure letters for each affected account. Provides to Operations Adherence Manager for review/approval prior to mailing letter via certified mail.
6. Once approvals have been received, prepares communication to Special Services and to LOB regarding closure date.
7. Responsible to add customer/entity names into BENCH which is BOTW's Hotlist database. Assists Loss Prevention with BENCH research/validation.
8. Communicates the closure of deposit accounts to the other BUs via email.
9. Prepares month end reporting
10. Maintains thorough knowledge of the Bank's systems used to conduct research of customer transaction activity
11. Performs other duties as assigned.
Required Experience
Years of functional/professional
Experience:
1 year(s) experience involving financial research in bank operations, security, compliance or legal areas
Good knowledge of Branch or back-office operations
Some knowledge of BSA regulations pertaining to suspicious AML-related customer activity
Good knowledge of Bank's host systems and eVision, as well as the BSA-related suspicious activity detection systems used by the Bank.
Associate's Degree in Criminal Justice or equivalent preferred
Required license(s) or certification(s):
Certified Anti-Money Specialist preferred
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
|
|
 | |
