AML SURVEILLANCE AGENT
AML SURVEILLANCE AGENT - INVESTIGATIONS UNIT
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $89.7 billion at December 31, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 414 branches in California, Washington, Oregon, Texas and New York, as well as two international offices, on December 31, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visit www.unionbank.com for more information. Job Summary: Reporting to an AML Operations Team Leader of the Financial Intelligence Unit (FIU). Research and evaluate AML alerts, research and write case investigations, conduct quality assurance activities and/or conduct ongoing monitoring of Union Bank clients. Third party, UB automated and manual systems are utilized for these tasks to ensure any possible suspicious activity is identified and the necessary actions are taken to ensure Union Bank performs it duties related to the Bank Secrecy Act (BSA). Additionally, this position may include a review activity of nominal, low, or moderate BSA/AML risk clients (CRR rated CRR 3, 4 or 5) to determine if activity is usual or warrants further review and/or the completion of comprehensive investigations of the alerted activities. Reviews will include increasingly complex personal and business client relationships, wire activity and watch list matches. Additionally may complete quality assurance tasks related to filing of Suspicious Activity Reports (SAR) and other relevant documentation related to non-filing decisions. Ensure alert and case determinations are appropriate, fully supported and documented. Major Responsibilities: 20% Research and evaluate nominal, low, and/or moderate AML risk transaction activity alerts for all areas, such as wires, cash structuring, and automated system alerts, and determine if investigative referral is recommended. Complete alerts and monitoring assignments within documented timeframes and in accordance with quality standards for completion and documentation. 30% Conduct AML investigations to determine whether to file a suspicious activity report (SAR) within reasonable timeframes and in accordance with FIU policy and procedures, requiring only minor corrections from supervisory reviews. In drafting investigative reports, all data elements and narratives are complete, accurate, and comply with interagency guidance and internal standards. 30% Perform quality control duties on AML No SAR investigations to determine if case files have been completed in accordance with FIU policy and procedures. 10% Assist managers in Monitoring and Referral or Special Risk Client Unit with basic duties including alert assignment, alert review, and staff training. 10% Other duties as assigned.