Sr. AML Investigations Analyst - Surveillance

What you will do:

• 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 make recommendations for further investigation, if warranted.

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

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

• Assists team members when complex problems/issues arise. Resolves problems with minimal guidance.

• Assists in transaction testing, data validation, and ongoing customization of the AML software.

• Maintains a thorough understanding of the BSA, AML, and OFAC compliance requirements.

Who you are:

• 4 Year / Bachelor's Degree preferred; additional experience may be considered in lieu of degree.

• Required 2 years' experience in financial crimes, money laundering, and/or fraud investigations.

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

• Independently performs reviews of various transaction monitoring reports and analyzes complex activity to determine if transactions are suspicious in nature.

• Detects and investigates complex 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 the risks associated with complex 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 solid judgment on examining information, and document suspicious activity, behaviors and/or patterns.

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

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

• Assists in transaction testing, data validation, and ongoing customization of the AML software.

• Assists team members when complex problems/issues arise. Resolves problems with minimal guidance.

• Mentors less experienced staff in developing additional assets within the team.

• Assists management with quality control reviews of junior staff.

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

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

• 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.

• Maintains a thorough understanding of the BSA, AML, and OFAC compliance requirements.

• 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.

• Assists with regulatory examinations and audits, including gathering requested information, developing, and coordinating responses to such reviews as necessary.

• Assists in ad-hoc special projects as necessary.

• Perform other duties and responsibilities as assigned.

ADA Requirements:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.

• The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.

• The employee must occasionally lift and/or move up to 10 pounds.

• Specific vision abilities required by this job include close vision.

• The noise level in the work environment is usually moderate.

#LI-AS1

Pay Range: $70,304.00 - $100,840.00 annually
AIP/Bonus up to 7.5%

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:

• Medical, prescription, dental, and vision coverage for employees and their eligible family members

• Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits

• Health Savings Account with employer contribution

• Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit

• 401(k) and Roth 401(k) with company contribution

• 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program

• Supplemental Health plans, Voluntary Legal and Identity Theft Services

• 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year

• Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)

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.

• To learn more about Mechanics Bank's California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit

  California Privacy Policy for Prospective Employees | Mechanics Bank

[1] The benefits listed in this job posting reflect the Bank's most reasonable and genuinely expected benefits offered for this position.