AML Investigations Analyst - Surveillance

Mechanics Bank is currently searching for a AML Investigations Analyst - Surveillance. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site at our Roseville or Irvine locations.

Under general supervision, the AML Analyst is responsible for detecting possible illicit activity conducted thru the Bank. The position is responsible for account identification, analyzing and escalating to the Investigations team any transactions believed to be associated with unusual and suspicious account activity such as potential fraud, structuring, money laundering, or/and terrorist financing in accordance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. This position requires attention to detail, as well as analytical skills to identify suspicious activity.

What you will be doing:

• Detects and investigates complex transaction monitoring alerts to identify trends and potential suspicious activity produced by the AML software system, various transaction monitoring reports and/or referrals from other areas of the Bank and makes determination on appropriate course of action.

• Completes written narrative upon researching and analyzing transaction monitoring alerts and makes recommendations for further investigation, if warranted.

• Exercises solid judgment on examining information, and document suspicious activity, behaviors and/or patterns.

• Corresponds with business units and branches for clarification of the activities conducted and obtain supporting documentation.

• Maintains an understanding of the BSA/AML compliance requirements.

Who you are:

• High School diploma or GED is required.

• Preferred 2 experience using a BSA/AML/Fraud detection system.

• Required 2 financial industry experience

• Certified Anti-Money Laundering Specialist (CAMS)

• Certified Fraud Examiner (CFE)

• Detects and investigates transaction monitoring alerts to identify trends and potential suspicious activity produced by the AML software system or referred by other areas of the Bank and determine appropriate course of action.

• Gathers documents and analyzes data associated with ownership structure, evaluating variables such as transactional activity, source of funds, anticipated activity volumes, and purpose of business relationship to ensure compliance with BSA/AML/OFAC.

• Exercises judgment on examining information, and document suspicious activity, behaviors and/or patterns.

• Completes written narrative upon researching and analyzing transaction monitoring alerts and makes recommendations for further investigation, if warranted.

• Accountable for strict adherence to all regulatory deadlines, production expectations and requirements, and consistent and accurate application of policies and procedures.

• Makes recommendations for enhancing the AML Software and transaction monitoring reports to improve the Bank's ability to detect and deter suspicious activity.

• Maintains an understanding of the BSA/AML compliance requirements.

• Completes on-going Bank required training to maintain knowledge of federal and state laws and regulations, including BSA, AML and OFAC, along with the Bank's policies and procedures.

• Attends seminars, webinars, and other outside compliance training, as directed by management.

• Establishes and maintains effective liaison and communication with business units, operational units and any other employee of the bank to enhance resolution efforts.

• Corresponds with business units and branches for clarification of the activities conducted and obtain supporting documentation.

• Follows policies and procedures; completes tasks correctly and on time; supports the company's goals and values.

• Perform other duties and responsibilities as assigned.

#LI-DNI

Pay: $26.00-38.00 hourly

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCPhere.

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