Aml/Ofac Analyst - Fciu

Cathay General Bancorp Monterey Park , CA 91754

Posted 3 months ago

About Cathay Bank

More than half a century ago, we opened our doors at Cathay Bank to serve the growing Chinese American community in Los Angeles. We helped our customers put down new roots with cars and homes, and we supported their businesses, which continue to sustain generations. We remain committed to enriching the journeys of our customers and the diverse communities we serve.

Over time, we've expanded along with our customers. Today, we're a subsidiary of Cathay General Bancorp (NASDAQ:

CATY), a publicly held bank holding company. We operate in nine states across the United States, including California, New York, Illinois, Washington, Texas, Maryland,Massachusetts, Nevada, and New Jersey, and we have outposts in Hong Kong, Beijing, Shanghai and Taipei. Forbes named us the #10 Best Bank in America in 2019.

Along with our extensive experience and innovative thinking, we bring an open mind to every interaction and a willingness to work with customers and communities in ways that best suit their needs. Our lines of business include personal banking, home mortgages, business banking, corporate lending, cash management, SBA loan programs, community lending, international banking, foreign exchange, and wealth management.

What's Next

Are you passionate about a potential career in the financial services industry? Cathay Bank is excited about what's to come for our company and customers. Our employees are the reason our customers can get where they want to go and aspire to what's next.

If you bring your best self to work, see opportunities instead of obstacles, and always want to advance in your career, then Cathay Bank may be a great fit for you. We're excited to offer our employees opportunities to grow and develop in their career journey. We also provide the resources, support and freedom so that employees can best deliver an extraordinary customer experience.

Join Cathay Bankand be energized by what's possible for your career!

GENERAL SUMMARY

Assists in all aspects of bank wide oversight for Sanctions Compliance, which includes the Office of Foreign Assets Control ("OFAC") as regulated by the U.S. Department of Treasury. Other duties may be assigned which may include the monitoring of activities relating to the USA/FFIEC's Bank Secrecy Act Anti-Money Laundering Examination Manual's guidance.

The AML/OFAC Analyst is responsible for assisting the AML/OFAC Senior Investigator and VP, AML/OFAC Manager in day-to-day monitoring and/or investigation of potential suspicious activity, ensuring accurate and timely submission of all required reports (i.e. SARs), conducting enhanced due diligence reviews, and reviewing other new or existing high risk customer relationships for the bank, conducting OFAC, 314a list and other Sanctions searches to ensure timely and accurate updating of lists to the Bank's systems and to ensure potential matches are identified; communicates findings to Sr. AML Investigations Officer's or VP, Manager for a resolution that may include restricting or freezing an account or assets of.

ESSENTIAL FUNCTIONS

Conduct OFAC and other government watch list screening and research on new, existing and potential customers.

Conduct periodic internal account/customer reviews to identify potentially suspicious activity.

Complete analysis of transactional information to identify risks, trends and potential suspicious activity and communicate findings to Sr. AML Investigations Officer's, or VP Managers when necessary.

Document steps taken through the process for review.

Communicate with branch/lending employees to obtain information related to their client's transaction activity.

Assist with the execution and/or implementation of projects, processes and initiatives.

Prepare Suspicious Activity Reports (SARs) in compliance with established regulatory guidelines and time frames when necessary.

Ensures OFAC screening reviews are completed timely and are accurate, including appropriate OFAC list updating.

Assists branches and other support departments in reviews of potential OFAC suspects, ensuring timely and documented response for each suspect case. Identifies OFAC and other Sanctions suspect transactions and customers; communicates findings to Sr. AML Investigations Officer, or VP Managers for a resolution that may include restricting or freezing an account.

Assists with the analysis and enhancements of high risk country program, ensuring timely updates are made to systems, applications and documented policy and procedures as required.

Assists with updating the Special Measures list (i.e., Section 311) into necessary screening systems and applications, conducting customer screening and ensures suspect reviews are timely, complete, and accurate, including identification, management and investigation escalation, and completion of required regulatory reporting as necessary.

Assists with the reviews of various reports utilized by the FCIU Department for purposes of completing daily activities. Performs review of related transactions to assist in determining if activity warrants further customer review or referral for potential investigation. Analyzes data and makes reasonable recommendations for action to be taken.

Refers unusual and suspicious activity for further SAR or EDD Investigation when necessary.

QUALIFICATIONS

Bachelor's degree preferred. Commensurate experience considered.

Understanding of Bank Secrecy Act (BSA), AML, Office of Foreign Assets Control (OFAC).

Self-starter, capable of working under minimum supervision.

Adept at multi-tasking and meeting deadlines in a high-pressure environment.

Results oriented team player.

Strong problem-solving ability.

Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and disposition appropriately.

Ability to read, analyze and interpret general business periodicals, professional journals, or governmental regulations.

Strong interpersonal and verbal/written communication skills.

Competent in in-house software and AML compliance monitoring systems.

Proficient in MS Office (Outlook/Word/Excel/PowerPoint)

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Private Policy.

Cathay Bank is an equal opportunity employer. It is the Bank's policy to provide equal employment opportunities to all qualified applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Lori Burquez, VP, Sr.

Employee Relations Manager, at (626) 279-3666 or lori.burquez@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Click here to view the EEO is the Law poster in English. Poster- English

Click here to view the EEO is the Law supplement in English.Supplement- English

Clic aqu para ver la EEO es la Ley pster en espaol. Poster- Spanish

Clic aqu para ver la EEO es la Ley suplemento en espaol.Supplement- Spanish

EEOPoster- Chinese

EEO"Supplement- Chinese

Other details

  • Pay Type Salary

  • Monterey Park, CA, USA

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VIEW JOBS 12/3/2019 12:00:00 AM 2020-03-02T00:00 About Cathay Bank More than half a century ago, we opened our doors at Cathay Bank to serve the growing Chinese American community in Los Angeles. We helped our customers put down new roots with cars and homes, and we supported their businesses, which continue to sustain generations. We remain committed to enriching the journeys of our customers and the diverse communities we serve. Over time, we've expanded along with our customers. Today, we're a subsidiary of Cathay General Bancorp (NASDAQ: CATY), a publicly held bank holding company. We operate in nine states across the United States, including California, New York, Illinois, Washington, Texas, Maryland,Massachusetts, Nevada, and New Jersey, and we have outposts in Hong Kong, Beijing, Shanghai and Taipei. Forbes named us the #10 Best Bank in America in 2019. 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This contact information is for accommodation requests only and cannot be used to inquire about the status of applications. Click here to view the EEO is the Law poster in English. Poster- English Click here to view the EEO is the Law supplement in English.Supplement- English Clic aquí para ver la EEO es la Ley póster en español. Poster- Spanish Clic aquí para ver la EEO es la Ley suplemento en español.Supplement- Spanish 点击这里查看EEO是法律海报的中文Poster- Chinese 点击这里查看EEO是法律和补充條例的中文"Supplement- Chinese Other details * Pay Type Salary * Monterey Park, CA, USA Cathay General Bancorp Monterey Park CA

Aml/Ofac Analyst - Fciu

Cathay General Bancorp