BSA/AML Investigator I

BSA/AML Investigator I

Department: BSA / Fraud Management

Employment Status: Full-Time, Non-Exempt

Location: Lodi Salary:  $26.00 - $30.15 (commensurate with experience & qualifications)

Supervises Others: No

F&M Bank believes that each employee makes a significant contribution to our success. The contribution should not be limited by the assigned responsibilities. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.

• The individual in this position is responsible for ensuring strict adherence to F&M Bank policies and procedures while adhering to federal/state regulatory requirements, with a focus on comprehensive anti-money laundering and BSA investigations.

• This individual demonstrates strong organizational skills and the ability to investigate possible suspicious activity while following the Bank’s anti-money laundering procedures.

• They will report the findings of such investigations to the BSA/AML Manager and work collectively with Manager to report activities to applicable regulatory authorities and to resolve business issues related to BSA quickly and in a professional manner.

Who are we looking for?

• Under supervision assist with high risk customer reviews including:

  • Cash Secured Loan reviews on a periodic basis to for all cash secured loans meeting the Bank’s requirement for review.

  • Money Service Business reviews done semiannually on all existing MSB customers.

  • CTR Exemption research, documentation provided to the BSA/Fraud Manager and Executive Management on proposed

 exemptions and annual reviews once a customer is exempted.

• Political Campaign and Political Action Committee account reviews.

• Research and write reports as required.

• Investigations include (but are not limited to): 

  • Identifying, researching and reporting suspicious activity

  • Managing the investigative process from initial detection to disposition

  • Thoroughly and timely reviewing reports and bank records that potentially identify suspicious activity

  • Providing case findings to the BSA/Fraud Department Manager for concurrence and/or feedback

• Evaluate, recommend and implement changes to work processes to increase department efficiency. 

  • Use automated systems when appropriate.

  • Maintains current desk procedures and coordinates information/changes with the appropriate Bank personnel and customers.

• The ability effectively prioritize works assignments with changing priorities. 

  • Highly detail-oriented

  • Should be a self-starter and a results oriented team player.

  • Above average written and verbal communication skills with emphasis on correct English grammar.

  • Demonstrate ability to exercise independent judgment, initiative, and tact in dealing with management, supervisors, staff,

 and the general public.

• Present a professional, business-like manner, appearance.

• Maintaining strict confidentiality.

Also required:

• Successful completion of a credit check review is a condition of employment.

• Minimum of 3 years experience specializing in banking, financial management and BSA/AML. This position requires the incumbent to have proven knowledge of all applicable federal and state laws/regulations pertaining to BSA/AML, USA Patriot Act and OFAC.

• Certified Anti-money Laundering Specialist Certification (CAMS) preferred but not required.

• Bachelor’s degree in Business or related field is preferred but not required.

• Must have excellent organizational skills. Special skills to include, but not limited to Internet Banking, Personal Computer use, Word Processing, E-mail, EXCEL, Access and Data Entry.

F&M Bank

We are an equal opportunity employer - This organization participates in E-Verify - Esta Organización Participa en E-Verify