First Foundation Inc.
Summary:
This position is responsible for the preliminary monitoring of the Bank Secrecy Act (BSA) and the Anti-Money Laundering (AML) compliance program designed to ensure that the Bank achieves optimum compliance with the laws. This position provides an assessment of suspicious activity as it relates to BSA and AML in the areas of High-Risk Accounts, New Account documentation, Customer Information Process (CIP), and Enhanced Due Diligence (EDD). Additionally, this position reviews data as it relates to the Office of Foreign Assets Control (OFAC).
Responsibilities
Employee is responsible for adherence to all compliance programs and the completion of all required and assigned training by established due dates.
Employee is responsible for understanding their duties and responsibilities as it relates to the Bank Secrecy Act, ABC Anti-Money Laundering Act (AML), and Office of Foreign Assets Control Regulations (OFAC). This includes understanding any responsibilities outlined under the Bank’s BSA/ OFAC Program, participating in any required training and promptly complying with all reporting requirements.
Understands and complies with requirements of all laws and regulations applicable to the position.
Monitor BSA software, reporting, and wire activity as it relates to BSA and AML to identify suspicious account activity.
Responsible for Case Investigations and Enhanced Due Diligence (EDD) reviews for higher-risk clients.
Analyze transactional data and alert monitoring to make determinations of irregular activity through an understanding of historical client activity and regulatory definitions of suspicious activity.
Review, analyze, and assist in making risk rating decisions or changes on client accounts and relationships.
Ensure the Bank complies with OFAC regulations. Monitors the Bank’s OFAC software system to ensure adherence to OFAC Policy and procedures.
Research BSA regulatory issues and respond to compliance questions from Bank personnel, utilizing legal and regulatory reference materials and consulting with the BSA Manager.
May attend outside training for BSA and OFAC.
Have knowledge of and compliance with Bank policies, procedures, and regulations that govern job responsibilities.
Attend and complete all required classroom, computer-based, web-based, and seminar training, as assigned.
It is the individual responsibility of every employee to maintain current awareness and understanding of and to fully comply with the Bank’s “Code of Ethics and Conduct”. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies, and procedures that are appropriate for his/her position.
Perform other duties as assigned.
Salary Range Salary Range:
The salary range budgeted for this position represents the Company's good faith minimum and maximum range for this role at the time of posting. The compensation offered to a candidate may vary depending on several factors, including a candidate's qualifications, skills, competencies, experience, and location.
Geographic Location
Irvine, CA: $60,100 - $84,200 (Annually)
Requirements Applicants must have current work authorization when accepting a First Foundation Inc. position. Currently, we cannot sponsor or take over the sponsorship of an Employment Visa.
Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below represent the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Education and/or Experience
High School diploma or equivalent required; Bachelor’s degree preferred
Minimum of 5 to 7 years of banking experience in retail, operations, compliance, or BSA setting required
CAMS certification preferred
Skills
Excellent command of the English language, both written and verbal, and the ability to effectively communicate with all levels within the organization
General Mathematics and Accounting knowledge
Must be able to assess any given situation and bring to a successful resolution
Must be experienced in the effective use of one or more core banking deposits and new account software
Must have satisfactory computer and spreadsheet skills
Physical Demands 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. Travel may be required to and from offices and other various locations. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
While performing the duties of this job, the employee is regularly required to sit, use hands and fingers, handle or feel, reach with hands and arms, and talk or hear. The employee is occasionally required to stand, walk, stoop, kneel, or crouch. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.
First Foundation is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.
Note:
This description reflects the duties and responsibilities of the position at the time of posting and may be subject to change. It is intended to provide a clear overview of the role and is not an offer of employment.
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This position is responsible for the preliminary monitoring of the Bank Secrecy Act (BSA) and the Anti-Money Laundering (AML) compliance program designed to ensure that the Bank achieves optimum compliance with the laws. This position provides an assessment of suspicious activity as it relates to BSA and AML in the areas of High-Risk Accounts, New Account documentation, Customer Information Process (CIP), and Enhanced Due Diligence (EDD). Additionally, this position reviews data as it relates to the Office of Foreign Assets Control (OFAC).
Responsibilities
Employee is responsible for adherence to all compliance programs and the completion of all required and assigned training by established due dates.
Employee is responsible for understanding their duties and responsibilities as it relates to the Bank Secrecy Act, ABC Anti-Money Laundering Act (AML), and Office of Foreign Assets Control Regulations (OFAC). This includes understanding any responsibilities outlined under the Bank’s BSA/ OFAC Program, participating in any required training and promptly complying with all reporting requirements.
Understands and complies with requirements of all laws and regulations applicable to the position.
Monitor BSA software, reporting, and wire activity as it relates to BSA and AML to identify suspicious account activity.
Responsible for Case Investigations and Enhanced Due Diligence (EDD) reviews for higher-risk clients.
Analyze transactional data and alert monitoring to make determinations of irregular activity through an understanding of historical client activity and regulatory definitions of suspicious activity.
Review, analyze, and assist in making risk rating decisions or changes on client accounts and relationships.
Ensure the Bank complies with OFAC regulations. Monitors the Bank’s OFAC software system to ensure adherence to OFAC Policy and procedures.
Research BSA regulatory issues and respond to compliance questions from Bank personnel, utilizing legal and regulatory reference materials and consulting with the BSA Manager.
May attend outside training for BSA and OFAC.
Have knowledge of and compliance with Bank policies, procedures, and regulations that govern job responsibilities.
Attend and complete all required classroom, computer-based, web-based, and seminar training, as assigned.
It is the individual responsibility of every employee to maintain current awareness and understanding of and to fully comply with the Bank’s “Code of Ethics and Conduct”. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies, and procedures that are appropriate for his/her position.
Perform other duties as assigned.
Salary Range Salary Range:
The salary range budgeted for this position represents the Company's good faith minimum and maximum range for this role at the time of posting. The compensation offered to a candidate may vary depending on several factors, including a candidate's qualifications, skills, competencies, experience, and location.
Geographic Location
Irvine, CA: $60,100 - $84,200 (Annually)
Requirements Applicants must have current work authorization when accepting a First Foundation Inc. position. Currently, we cannot sponsor or take over the sponsorship of an Employment Visa.
Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below represent the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Education and/or Experience
High School diploma or equivalent required; Bachelor’s degree preferred
Minimum of 5 to 7 years of banking experience in retail, operations, compliance, or BSA setting required
CAMS certification preferred
Skills
Excellent command of the English language, both written and verbal, and the ability to effectively communicate with all levels within the organization
General Mathematics and Accounting knowledge
Must be able to assess any given situation and bring to a successful resolution
Must be experienced in the effective use of one or more core banking deposits and new account software
Must have satisfactory computer and spreadsheet skills
Physical Demands 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. Travel may be required to and from offices and other various locations. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
While performing the duties of this job, the employee is regularly required to sit, use hands and fingers, handle or feel, reach with hands and arms, and talk or hear. The employee is occasionally required to stand, walk, stoop, kneel, or crouch. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.
First Foundation is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.
Note:
This description reflects the duties and responsibilities of the position at the time of posting and may be subject to change. It is intended to provide a clear overview of the role and is not an offer of employment.
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