EDD Investigator II
- Santa Ana, CA
- $74,000-100,000 per year
- Permanent
- Full-time
- Conduct EDD reviews on high-risk customers via investigative or intelligence research of individuals, entities, and/or events through public records, open-source media, vendor systems, or other research tools.
- Analyze complex data sets to identify patterns and anomalies indicative of financial crimes.
- Utilize advanced investigative techniques and tools to perform Enhanced Due Diligence (EDD) by verifying the customer’s identity, reviewing their background, assessing the associated risks, analyzing transactional data, and compiling due diligence files.
- Perform more complex investigations into ownership and control to identify all ultimate beneficial owners and complex organizational structures.
- Leverage internal tools and external resources to compile and analyze comprehensive risk profiles.
- Maintain thorough investigative records and documentation in accordance with internal standards and consistent with regulatory expectations.
- Draft assessment summaries and other written investigative/intelligence products to support assessment conclusion, decisions, and recommendations.
- Responsible for submitting Requests for Information (RFIs) to the front lines to identify additional information in support of the due diligence investigation and follow-ups to ensure timely receipt.
- Interact with peers and other internal or external constituents in order to deliver comprehensive views on investigative and intelligence matters.
- Escalate potentially suspicious findings to BSA Management.
- Assist with any ad-hoc projects that relate to EDD and other areas of BSA and AML compliance.
- Accountable for strict adherence to all regulatory deadlines, internal service level agreements, production expectations, and consistent and accurate application of policies and procedures.
- Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
- Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
- Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
- Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
- Performs other duties and projects as assigned.
- A minimum of 5 years’ direct experience in BSA/AML compliance and EDD, especially with experience analyzing the high-risk customers in the FFIEC BSA Exam Manual.
- Advanced analytical and critical-thinking skills.
- Strong written and verbal communication skills, with the ability to present complex information efficiently.
- In-depth understanding of high-risk customer typologies and associated risks.
- Advanced knowledge of production analysis and report writing environments.
- Knowledge of BSA and other relevant regulations and strong understanding on the AML risk associated with the high-risk customer types, such as POATM, PEP, PE/VC, MSB, MRB, NGOs, etc.
- Proficiency in data analysis, 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 instruments.
- Effective organizational and time management skills
- Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including, but not limited to: Word, Excel, PowerPoint and Outlook
- Ability to operate in a highly collaborative and team-oriented environment
- Ability to work in an up-tempo, fast paced, and evolving environment
- Ability to make informed critical decisions within the area of responsibility
- Ability to take initiative and work independently with minimal supervision in a structured environment
- Ability to work both independently and to collaborate cross-functionally
- High school diploma or equivalent required.
- Bachelor’s degree preferred.
- Experience in assessing customer risk and due diligence reviews.
- Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE) certification, Certified Financial Crime Specialist (CFCS), or other applicable industry designation preferred.
- Financial Security: You will be eligible to participate in a 401k plan in which the Bank will match 100% of the first 4% of your contributions, which is immediately vested.
- Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
- Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
- Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
- Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.