MUFG Union Bank BSA Specialist I in Brea, California

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  • Job Summary: **

  • Reporting to the CIU BSA Team Leader, responsible for performing independent review and analysis on moderate to high risk individuals and entities to ensure compliance with the Bank Secrecy Act and the US Patriot Act. Ensure ongoing reviews of assigned portfolio are conducted according to Bank policy. May work with line officers, line management and their clients to obtain necessary information. Direct responsibility for quality and integrity of research and analysis completed and documented via Know Your Customer forms or within various databases. Identify emerging risk issues and recommend course of action on most events, but may seek guidance from manager or higher level Specialist when analysis identifies unusual or uncommon situations. Reviews less complex and risky client situations and provides negative findings to management to evaluate potential risk to the Bank. This position typically serves as an entry level BSA Specialist.

  • Major Responsibilities: *

70% Maintain the enhanced due diligence program, whereby ongoing transaction reviews and monitoring of high-risk clients is conducted and documented. Review customer accounts for appropriate risk, analyze risk, identify issues, and validate information from bank systems and against third party resources in order to recommend the retention or termination of accounts. Ensure ongoing record keeping and preparation of reporting to management is kept current. Complete alerts or monitoring assignments within CIU timeframes and in accordance with unit quality standards for completion and documentation.

20% Maintain effective working relationships with line of business to obtain and validate client information. May be required to support client contact hot-line, answers client inquiries regarding correspondences generated due to questionable account activity. Maintain ability to provide customer service, keep irate clients calm and discuss sensitive regulatory topics, while gathering important information from clients. Requires close working relationships with EBSI business partners.

5% Ensure appropriate data integrity on underlying bank systems supporting the BSA/AML process including ESB, OASIS and RCIF.

5% Department support as assigned. This position is generally assigned one of the following focus areas: EDD: Enhanced Due Diligence-KYC preparation; CRT: Client Review Team - documented reviews of Alerts; AF: Adverse Findings; QA: consistency of BSA/AML compliance; OPS: Admin.

Qualifications:

  • Minimum of 1 to 3 years direct work experience in BSA risk analysis or equivalent with related experience in other areas of banking and preferably in the financial services industry.

  • Good organizational, verbal, written and interpersonal skills are required.

  • Must be able to multi-task, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines.

  • Good analytical skills required.

  • Knowledge of various Bank systems preferred (ESB, RCIF Rumba Applications, NetQuery, Ammo, Filenet, OASIS). Basic working knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity; monitoring of high risk customer accounts is preferred.

  • Professional certification in CAMS is desirable

  • We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category. *


Job: *Risk & Compliance

Title: BSA Specialist I

Location: CALIFORNIA-Brea

Requisition ID: 10015132-WD