EDD Investigator II

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

Responsible for ensuring that the Bank meets both regulatory and internal Enhanced Due Diligence (EDD) requirements. Tasked with assessing customer risk and producing financial intelligence through research and analysis.

The EDD Investigator II will conduct analyses of current customers through a variety of assigned cases. 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 :

Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes.

Reviews documentation for existing customers to identify, assess and mitigate KYC risks.

Performs more complex investigations into ownership and control to identify all ultimate beneficial owners for KYC risk management purposes.

Utilizes advanced investigative techniques and tools to perform Enhanced Due Diligence by verifying the customer’s identity, reviewing their background, assessing the associated risks, analyzing transactional data, and compiling due diligence files.

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.

Responsible for communicating with internal and external entities, members of the sales team and other risk units.

Responsible for submitting Requests for Information ( RFIs ) to the front lines to identify additional information in support of the due diligence investigation and follow-ups to ensure timely receipt.

Draft assessment summaries and other written investigative / intelligence products to support judgments, decisions and recommendations.

Trains and mentors new employees on current procedures.

Conducts cross sector reviews among multiple business units or related customers.

Interacts with peers, all levels of management and other internal or external constituents in order to deliver comprehensive views on investigative and intelligence matters.

Alerts management of potentially suspicious findings

Assists with any ad-hoc projects that relate to EDD and other areas of BSA and AML compliance.

Accountable for strict adherence to all regulatory deadlines, internal service level agreements, production expectations, and consistent and accurate application of policies and procedures.

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)

Demonstrates basic knowledge of Bank Secrecy Act (BSA), USA PATRIOUT Act (USAPA), and Title 31 Code Federal Regulations Chapter X regulations and requirements

Demonstrates advanced knowledge of production analysis and report writing environments

Demonstrates good understanding of KYC, CIP, CDD, EDD, PEP, OFAC requirements, policies, procedures and practices for various client types

Advanced knowledge of BSA / AML regulations, requirements, research techniques, and tools

Knowledge of various non-retail banking products and services including; deposit, investment, treasury and cash management, equipment lending, commercial real estate, lending, and credit products, or other financial instruments

Familiarity with specialized financial services industry related systems and applications required

Effective organizational and time management skills

Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to : Word, Excel, PowerPoint and Outlook

Intermediate typing skills to meet production needs of the position

Intermediate math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals;

locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs

Exceptional oral, written and interpersonal communication skills with the ability to communicate complex information accurately, clearly and quickly

Ability to compose letters, outlines, memoranda, and basic reports and / or to orally communicate technical information

Ability to understand complex problems and to collaborate and explore alternative solutions

Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints

Ability to consistently apply a high level of detail and sense of curiosity in every case

Ability to operate in a highly collaborative and team oriented environment

Ability to work in an up-tempo, fast paced and evolving environment

Ability to make informed critical decisions within the area of responsibility

Ability to take initiative and work independently with minimal supervision in a structured environment

Ability to work both independently and to collaborate cross-functionally

High school diploma or equivalent work experience.

Bachelor’s degree preferred.

A minimum of five (5)+ years’ direct BSA / AML / OFAC experience or equivalent, with at least two (2) years in a role specifically performing enhanced due diligence.

Experience in assessing customer risk and due diligence reviews.

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.