Business Enhanced Due Diligence Analyst

Responsibilities

• Perform thorough EDD reviews on new and existing clients, ensuring compliance with regulatory requirements and internal policies, completing in a timely & quality manner.
• Conduct in-depth analysis of client profiles, business activities and ownership structures to assess money laundering, terrorist financing, sanctions and other financial crime risks.
• Review and verify applicable documentation to ensure accuracy and completeness of KYC information.
• Aid clients and prospects in establishing the proper control environment to ensure compliance with the Bank's requirements.
• Assists with identifying and managing existing and emerging risks identified through reviews.
• Conduct assessments and profiling of prospects and clients through the EDD process based on their risk factors including business type and any applicable geographical risks.
• Identify and communicate opportunities to automate/streamline quality and risk management efforts.
• Serve as subject matter expert and ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions and AML regulations.
• Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards.
• Partner with Compliance, Internal Audit, and other departments to respond to examinations and audit requests, manage execution and implementation of action plans, and ensure all processes and changes implemented fully comply with applicable regulations and legislation, standards, policies, and guidelines.
• Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures and best practices, promoting a culture of compliance.

Qualifications

• Bachelor's Degree and 2 years of experience in Financial Services and First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk OR High School Diploma or GED and 6 years of experience in Financial Services and First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk
• Preferred Qualifications: Experience in enhanced due diligence, high risk industries, geographic risk, or sanctions
• CAMS Certification
• Fluency in Spanish is preferred