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Transaction Monitoring Team Lead

Expired Job

Bbcn Bank Los Angeles , CA 90009

Posted 6 months ago

Responsibilities & Duties

  • Responsible for periodic alert generation and triaging and assigning the alerts to staff appropriate to different level of the skill sets.

  • Responsible for supervising and managing a transaction monitoring team in money laundering and terrorist financing matters.

  • Responsible for monitoring, reviewing and approving team's cases, SARs and escalations and ensure regulatory expectations / obligations are met.

  • Provide periodic reports on case findings, performances, status, staffing etc. to deputy BSA officer.

  • Manage a caseload of investigations, perform analysis and follow up and work cases to completion according to BBCN BSA Transaction Monitoring and SAR procedures and processes and its desktop process.

  • Ensure all alerts determinations are appropriate, fully supported and clearly documented in timely manner.

  • Ensure that analyst develop and maintain solid understanding of the legal definition of the financial crimes being investigated.

  • Lead ongoing comprehensive training designed to inform the investigators about policy, procedures changes, typologies, recent trends, updates, etc.

  • Continuously evaluate operational procedures and recommend changes to improve processes for efficiencies and effectiveness of the program.

  • Support departmental project as needed.

  • Ensure all escalated cases to SAR team are subjected for SAR filing or disposed with proper documentations and justification.

  • Responsible for developing team's performance goals, plans and execution of the plans in timely manner as guided by the Bank's P & P.

  • Escalate significant SAR cases to KYC team for further due diligence review for customer retention decision.

  • Support management with internal audit, AML compliance and regulatory review as needed.

  • Perform periodic quality control testing and conduct training for the BSA.

Job Qualifications/Requirements

  • 4 Year College Degree or equivalent experience.

  • 7+ years of experience in reviewing customer transactions and information for potential suspicious activity and performing AML investigation.

  • Strong knowledge of banking and its products and services.

  • Understanding of BSA, AML, OFAC and other regulatory policies with ability to apply and explain regulatory concepts.

  • Strong analytical and communication skills and must be able to prioritize the given tasks, multi-task and complete the tasks/project on time.

  • Must be excellent in detail and follow up skills.

  • Strong investigation and research skills in use of MS words, excel, and internet/ online research system.

  • Strong interpersonal, written and verbal communication skills.

  • Strong supervisory and leadership skills.

  • Self-starter, capable of working under minimum supervision, Results oriented team player.

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Transaction Monitoring Team Lead

Expired Job

Bbcn Bank