BSA/AML Investigator

ID
2020-10277
Job Locations
US-CA-San Francisco
Category
Compliance

 

At First Republic, we care about our people. We offer extraordinary client service in private banking, private business banking, and private wealth management. Founded in 1985, we believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued at First Republic. 

 

Incredible teams doing exceptional work, every day.

The Financial Crimes Risk Management group consists of anti-money laundering, economic sanctions, foreign corruption, fraud, and corporate security.  Our program is designed to ensure protection of our clients, the U. S. financial system, and our country from illicit actors who exploit banking services with nefarious and criminal intent.  Our fraud group protects our clients and Bank from losses while the Bank’s physical security team protects our clients, visitors, employees and Bank’s monetary and physical assets.

 

The BSA/AML Investigator will be responsible for all work products related to complying with First Republic’s Canadian AML program. This includes transaction monitoring, enhanced due diligence, and ad hoc screening.  In addition, the Investigator will liaise with the Policy and Program Office to stay informed of emerging trends, risks and changes in Canadian AML regulations. 

 

What you’ll be doing as a BSA/AML Investigator:

  • Conduct investigative/intelligence research of alerted client account activity originating from a transaction monitoring system and review for potential money laundering, terrorist financing, and other financial crime activities.
  • Conduct investigative/intelligence research of individuals, entities, and/or events related to current or prospective customers through public records, open source media, vendor systems, or other research tools.
  • Conduct investigative/intelligence analysis of collected information derived from varying sources such as, internal bank records/KYC documentation, banker contact, external search engines and open source websites.
  • Ability to investigate and understand varying types of client profiles related to First Republic Bank’s product offerings. (i.e. Alternative investments, hedge funds, PE/VC firms, among others).
  • Draft assessment summaries and other written investigative/intelligence products to support decisions and recommendations.
  • Work effectively across varying groups and teams within the AML Operations environment as well as the Policy and Program Office, AML Solutions & Analytics environment, and Private Wealth Management.
  • Meet key team performance standards while additionally setting personal performance goals in a production environment.
  • Participate in key trainings and learning opportunities and seek additional knowledge acquisition proactively.
  • Performs duties & responsibilities specific to department functions & activities as well as other projects assigned by the Manager.
  • 1) adhering to and complying with all applicable federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, among others), 2) adhering to Bank policies and procedures, 3) identifying and reporting potential suspicious activity to the BSA/AML Officer and 4) completing required training provided by the bank and the BSA Department.

 

 

You could be a great fit if you have:

  • Strong knowledge in Private Wealth Management products and services required.
  • Experience with AML Law for Canadians such as the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) preferred.
  • Five years in BSA compliance with at least two to three years of experience as an intelligence analyst.
  • Three to Five years of SAR filing experience and understands AML typologies.
  • Strong research skills and an understanding of intelligence analysis tools and techniques, specifically, advanced skills in the use of Microsoft Word, Excel, PowerPoint, Outlook and experience with on-line research systems including the Internet.
  • Understanding of money laundering and other financial crime typologies.
  • Ability to multi-task and complete assignments within the deadlines.
  • Ability to make sound decisions as to non-suspicious and potentially suspicious activity.
  • Ability to complete high quality work products including clear and concisely written assessments, supported by strong analyses and documentation.
  • Team player and professional responsibility.
  • Ability to work independently.
  • Ability to execute against the Chief BSA/AML Officer's strategic vision for the Department and to further First Republic Bank’s culture and values.
  • 1) Knowledge and understanding of day-to-day transactions, legal documents, and key terms in a hedge fund, alternative investments, private equity and/or venture capital firms, 2) Ability to identify red flags of money laundering and the suspicious movement of funds with these types of clients, 3) Understanding of different investment structures and strategies, and 4) As needed, the ability to train the BSA team to the above types of clients.

Job Demands:

  • Must be able to review and analyze data reports and manuals; must be computer proficient.
  • Must be able to communicate effectively via telephone and in person.

Are you willing to take initiative and make decisions?  Are you willing to go the extra mile because you love what you do and how you can contribute as a team?   Do you want the freedom to grow and the opportunity to take charge of your own career?  If so, then come join us.   

 

We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability—that’s the First Republic way. Come join us!   

 

This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization.  The Company is an equal opportunity employer.  In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.

 

First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.

 

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