AML/CFT Due Diligence Analyst

Responsibilities

• Performs due diligence and, as applicable, enhanced due diligence analysis and research on new customers, beneficial owners, and relationships;
• Counsels and investigates higher risk and potentially higher risk customers for suitability in accordance with the Bank’s anti-money laundering account opening and retention standards;
• Conducts periodic enhanced due diligence customer reviews on designated higher risk customers;
• Partners with business lines to remediate incomplete and insufficient due diligence information as an essential component for determining customer money laundering risks;
• Distributes, collects and reviews annual due diligence questionnaires for higher risk customer segments designated by the Bank;
• Updates and maintains the integrity of essential monitoring system data including but not limited to customer profile information, anticipated and expected customer activities, and other applicable risk factors;
• Prepares and maintains notes, findings and documentation in accordance with FIU standards to sufficiently support due diligence research conclusions;
• Prepares, as required, case summaries and reports for escalation to the Bank’s SAR Committee;
• Consistently produces and maintains high quality work within mandated deadlines in accordance with FIU and regulatory standards;
• Provides support and guidance to business line partners about BSA and other applicable financial crimes matters;
• Assists with cross-functional AML/CFT and sanctions operations activities as needed;
• Collaborates with other FIU members in furtherance of the FIU’s strategic objectives and applicable regulations;
• Escalates issues and situations requiring the attention of FIU AML managers, Deputy AML/CFT Officer and the AML/CFT Officer;
• Performs ancillary duties as required at the direction of FIU AML/CFT managers, Deputy AML CFT Officer and the AML/CFT Officer;
• Adapts to and incorporates FIU AML/CFT manager, Deputy AML CFT Officer and AML/CFT Officer feedback to improve productivity and quality;
• Maintains and integrates knowledge of emerging financial crimes trends in the performance of daily tasks and functions;

Requirements

• Minimum 3 years’ experience in a BSA/AML or sanctions role within a financial institution or similar role;
• Sound practical knowledge of BSA/AML regulations and requirements particularly surrounding customer due diligence (“CDD”), Know Your Customer (“KYC”) standards, enhanced due diligence practices (“EDD”) and suspicious activity monitoring and reporting (“SARs”);
• Absolutely required Certified Anti-Money Laundering Specialist (“CAMS”) or equivalent advanced certification;
• Comprehensive understanding of products, services and transaction processing channels within a financial institution;
• Strong analytic, research and investigative skills necessary;
• Exceptional quality and integrity of work produced within tight deadlines;
• Ability to function both independently and within collaborative team environments;
• Solid computer skills including the use of Microsoft Office products;
• Excellent written and verbal communications skills.

Qualifications

Associates degree or equivalent experience.