BSA Investigator (PPP Loans/Banking)

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Job description

BSA Investigator Needed

Must be local to Sacramento, CA

GENERAL DESCRIPTION:

The BSA SAR Investigator I is responsible for performing independent reviews and analysis of possible suspicious activity to ensure compliance with the Bank Secrecy Act (BSA) and the USA PATRIOT Act.

This role provides research and evaluation of anti-money laundering (AML) alerts and accurately documents analysis and findings in the Golden1 case management system. Additionally, you may complete defined tasks to support the creation of Suspicious Activity Reports (SAR) and other relevant documentation related to non-SAR filing decisions. You will recommend a course of action for most events, while occasionally seeking guidance from a higher-level investigator or Supervisor in unusual or uncommon situations.

This role specializes in the review of complex and high-risk functions within the department to ensure regulatory compliance with BSA/AML and OFAC, and all investigations pertaining to potential money laundering, terrorist financing, and cybercrime.

TASKS, DUTIES, FUNCTIONS:

1. Performs AML alert and case review, including research, to decide whether suspicious activity exists. Ensures alert and case determinations are appropriate, fully supported, and clearly documented.

2. Execute investigations based on Client On-boarding; Maintenance; UAR's (Unusual Activity Report); Government sources and other control areas.

3. Analyze CTR's and other financial transactions to monitor/detect suspicious activity.

4. Responsible for the preparation and communication of SAR reports as it relates to transaction details, analysis, findings, and supporting documentation. Responsible for filing SARs and recommend relationship retention or termination, and track account closures as required.

5. Ensure accuracy of SARs by utilizing a risk-based approach for each transaction.

6. Notify cross-functional departments of any suspicious activity to protect the integrity of the business and prevent further egregious behavior.

7. Responsible for performing in-depth investigative research related to SAR filings on members, non-members or connected parties by utilizing a range of internal data (e.g., transaction activity, KYC, etc.) and external data (e.g., internet, media, legal, corporate, and other publicly available records, and databases).

8. Assist with the data collection, research, investigation, and timely completion of 314(b) requests for information, and law enforcement requests.