At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.
Job Description Summary
Delivers subject matter expertise inspecting investigations of complex suspicious activity cases, delivers subject matter expertise inspecting Customer Due Diligence (“CDD”) and Enhanced Due Diligence (“EDD”) work products, and delivers subject matter expertise inspecting Currency Transaction Reports and Currency Transaction Reporting Exemptions. Responsible for reviewing the preparation of and filing Suspicious Activity Reports (“SAR”) on behalf of the Bank by ensuring work product reflects sound judgment and strong adherence to the procedures associated with producing and filing SARs. Conducts timely inspection activities to verify that all regulatory requirements and/or Bank policies and procedures are being met, together with completion of CDD/EDD, Currency Transaction Reporting and Exemptions. The Operations Adherence Specialist is also responsible for helping the manager to coach and mentor staff utilizing strong subject matter expertise and problem solving/analytic skills.
Essential Job Functions
Inspects the investigation, analysis and documentation of alerts and/or complex cases pertaining to cash structuring, transactions involving bank designated high risk countries (HRC), wire transfers, commercial loan payments, and reports from branches or business areas regarding guidelines and timeframes; and/or inspects the performance and documentation of customer due diligence (CDD).
Inspects Suspicious Activity Reports (SARs) for submission to FinCEN and other appropriate law enforcement or regulatory agencies which may include 314b analysis and review as well as fulfillment of law enforcement requests.
Inspects Currency Transaction reviews to include CTR Exemption, Daily CTR Filings, and Manually deleted CTR’s, and Monetary Instrument Reporting
Inspects Enhanced Due Diligence reviews to ensure completion and accuracy, appropriate identification, and timely reporting and escalation
Ability to liaise with Corporate Security to ensure consistent policies, procedures and processes and inspects SAR Filings for submission to FinCEN and other appropriate law enforcement or regulatory agencies
Compiles data and maintains records and files necessary to assure efficient and consistent reporting of inspections of BSA Operations work product.
Ability to interpret technical procedures, government regulations, and complex and sophisticated business documents such as financial statements, invoices, trade finance documentation, and letters of credit.
Ability to identify (and make judgment of) areas of significant risk and/or systemic issues and make process improvement recommendations to management.
Ability to assist team managers in coaching and mentoring staff as well as providing subject matter expertise and guidance to team regarding quality key performance indicators in BSA Investigations, CDD/EDD and CTR work products.
Ability to coach and provide guidance and support to peers.
Performs other duties as assigned
Five total financial services related work experience and 2 years+ with BSA/AML, CDD or EDD, and / or conducting and managing financial investigations and/or research such as bank operations, corporate security, compliance, and legal areas including criminal and/or civil litigation, researching, comprehensive reporting and documentation, and pattern recognition.
Preferred: 5 years+ experience investigating complex financial crimes and/or BSA violations in a financial institution and/or law enforcement agency.
High School Diploma or GED required
Associate’s, Bachelor’s, Master’s/Advanced Degree preferred
Preferred license(s) or certification(s)
CAMS, CFCS, CFE, or other industry-recognized certification
• Strong knowledge of AML processes, communication of, and adherence to, the procedures of AML compliance functions knowledge is critical to both conducting SAR determinations and / or conducting CDD reviews.
• Thorough knowledge of investigative techniques including transaction analysis, evidence gathering and demonstrated research and/or pattern recognition skills
• Detailed analytical and research skills including use of online research tools and report writing
• Ability to work independently and display initiative
• Detailed planning and organizing skills
• Ability to follow specific goals and meet required deadlines
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.