VP, Enhanced Due Diligence Investigations Manager
Company: Job Juncture
Location: Santa Ana
Posted on: April 25, 2019
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Performs personnel actions including performance appraisals,
disciplinary actions, and interviewing candidates--for employment;
Responsible for the overall direction, motivation, coordination and
evaluation of functionalities--within the EDD Investigations
- Promotes a risk-aware culture, ensures efficient and effective
risk and compliance management practices by--adhering to required
standards and processes.
- Prepares for internal audit reviews as well as regulatory
examinations, and is responsible for addressing any
audit--deficiencies or regulatory examination corrective
- Provides metrics to BSA/AML Officer for management
- Develops, recommends and implements processes and controls to
ensure compliance with AML rules and--regulations.
- Leads a team of Enhanced Due Diligence (EDD) Investigators who
conduct new and/or periodic reviews of high--risk
- Responsible for maintaining the Bank's High Risk Customer List,
High Risk Customer Methodology, and managing--the periodic review
- Conduct quality control reviews on the EDD reviews completed by
the investigators. Escalate any customers that--are identified to
be outside the Bank's risk tolerance to the BSA/AML
- Responsible for delivering subject matter expertise for the EDD
Investigations team based on strong process,--communication and
adherence to the procedures of AML compliance functions.
Responsible for providing technical regulatory guidance on complex
Customer Due Diligence (CDD), Enhanced Due--Diligence (EDD), and
Customer Risk Rating (CRR) subjects for the bank. Additionally, the
individual will provide managerial--leadership and subject matter
expertise on CDD/EDD and Customer Risk, supporting the BSA/AML
Officer to ensure--BSA/AML compliance. Responsible for ensuring
that the Bank meets both regulatory and internal Enhanced Due
Diligence--Requirements and manages the team assigned to conduct
Enhanced Due Diligence reviews on high risk customers. Partner with
stakeholders within the BSA Department and the lines of business to
facilitate feedback on efforts related to--process improvement,
program enhancements, and continuing customer due diligence
processes and controls within the--bank. Assists the BSA/AML
Officer with maintaining the Bank's High Risk Customer Methodology
and related EDD--Governance. Performs all duties in accordance with
the company's policies and procedures, all U.S. state and federal
laws--and regulations, wherein the company operates.
ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:
Demonstrates knowledge of, adherence to, monitoring and
responsibility for compliance with state and federal
regulations and laws as they pertain to this position including but
not limited to the following: Regulation Z
(Truth in Lending Act), Regulation B (Equal Credit Opportunity
Act), Fair Housing Act (FHA), Home Mortgage
Disclosure Act (HMDA), Real Estate Settlement Procedures Act
(RESPA), Fair Credit Reporting Act (FCRA), Bank
Secrecy Act (BSA) in conjunction with the USA PATRIOT Act,
Anti-Money Laundering (AML) and Customer
Information Program (CIP), Right to Financial Privacy Act (RFPA,
state and federal) and Community Reinvestment
Demonstrates basic knowledge of Bank Secrecy Act (BSA), USA
PATRIOUT Act (USAPA), and Title 31 Code Federal
Regulations Chapter X regulations and requirements.
Demonstrates advanced knowledge of production analysis and report
Demonstrates good understanding of KYC, CIP, CDD, EDD, PEP, OFAC
requirements, policies, procedures and
practices for various client types.
Advanced knowledge of BSA/AML regulations, requirements, research
techniques, and tools.
Knowledge of various non-retail banking products and services
including; deposit, investment, treasury and cash
management, equipment lending, commercial real estate, lending, and
credit products, or other financial
Familiarity with specialized financial services industry related
systems and applications required.
EDUCATION, EXPERIENCE AND/OR LICENSES:
High school diploma or equivalent work experience.
Bachelor's degree preferred.
Seven years related banking experience of which 3 must be in a
Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud
Examiner (CFE) certification, Certified
Financial Crime Specialist (CFCS), or other applicable industry
Keywords: Job Juncture, Pasadena , VP, Enhanced Due Diligence Investigations Manager, Accounting, Auditing , Santa Ana, California
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