The AVP, BSA Team Lead is responsible for ensuring that all departments within the Bank are compliant with BSA requirements and oversees the day-to-day monitoring, reporting, and control processes within the BSA department. This role will participate in risk assessments, policy and procedure updates, and conducting regular certifications to document controls and reviews. This position will direct more complex investigations as well as be a supervising resource for BSA staff to help carry out the... more details
AVP, BSA Team Lead
Job LocationsUS-CA-Santa Ana
ID
2024-3709
Category
Enterprise Risk Management
Type
Regular Full-Time
Overview
Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.
Job Summary
The AVP, BSA Team Lead is responsible for ensuring that all departments within the Bank are compliant with BSA requirements and oversees the day-to-day monitoring, reporting, and control processes within the BSA department. This role will participate in risk assessments, policy and procedure updates, and conducting regular certifications to document controls and reviews. This position will direct more complex investigations as well as be a supervising resource for BSA staff to help carry out their job functions. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.
Responsibilities
Perform Quality Assurance reviews of alert/case processes to evaluate the work product for quality, accuracy, and sound decision making.
Maintain oversight of the Alerts Monitoring, Investigations, Enhanced Due Diligence, Quality Assurance, and CTR processes.
Correspond with branches and outside departments regarding account transaction activity.
With oversight from management oversees the preparation of SARs for filing to FinCEN in a timely manner.
Ongoing Maintenance of BSA/AML Department procedures.
Manage, support, coach and train BSA Department personnel.
Performs special projects as needed including, preparation of ad hoc reports, creation of new Financial Crimes tracking reports, coordination of testing deliverables, etc.
Assists during regulatory audits and exams.
Involved with interviewing and hiring decisions.
Prepare or provide feedback on employee performance evaluations, goal planning, and counselings.
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts 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.
Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner.
Qualifications
Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA)
Strong understanding of financial crimes and common money laundering typologies
Strong Investigative, Analytical and problem-solving skills; ability to use logic, reason and sound judgment
Demonstrates high degree of professionalism in communication, attitude and teamwork with customers, peers and management.
Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
Ability to handle highly confidential information professionally and with appropriate discretion.
Proficiency in Microsoft Office including Excel.
Review and be knowledgeable of departmental and human resource’s policies and procedures
4 - 6 years of Bank Secrecy Act and Anti-Money Laundering work experience required.
Associate's degree or related field and/or related work experience required.
3+ years of experience in a supervisory role with professional staff.
Minimum 3 - 5 years in banking/finance industry experience.
Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE) certification, Certified Financial Crime Specialist (CFCS), or other applicable industry designation preferred.
Salary Range:$74,300.00- 99,100.00 USD; Final salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with geographic/market data.
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