Know Your Customer (KYC) Analyst

About the role

As a Know Your Customer (KYC) Analyst, you'll perform holistic due diligence reviews of High or Moderate Risk Customers in support of the Bank’s BSA/AML/KYC policies and procedures. You'll evaluate risk presented by customers at initial onboarding and conduct complex reviews periodically throughout the customer relationship.

• Research and analyze customer information to identify customers that may present a higher degree of risk for money laundering and other financial crimes, or other BSA-related risks identified through automated risk scoring and supplemental risk detection and investigation.
• Conduct rigorous and thorough reviews of customer and business information; gain a deep knowledge of the customer’s profile, transaction history, and future activity; thoroughly investigate the activity and document any findings or determinations; escalate items appropriately for further research and analysis.
• Perform Enhanced Due Diligence reviews to evaluate money laundering, sanctions, and other financial crime risks of prospective customers and of existing customers on a periodic basis.
• Provide technical support and assistance to business development officers.
• Research customers and businesses on internal systems and against various databases (OFAC, CLEAR, etc.).
• Collaborate with business partners to ensure BSA/AML/KYC programs are understood, functioning, and effective.
• Assist Enhanced Due Diligence Manager and AML Operations Director with activity reports, audit material preparation, and special projects.
• Support Financial Crimes Compliance management in the development of new and revised procedures, methods, and forms related to KYC, AML, and other Bank Secrecy Act functions.

Requirements

• 2+ years of related experience in BSA/AML & Financial Crimes or a similar field.
• High school diploma required; Bachelor's degree in a related field preferred.
• Entry-level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services.
• Entry-level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, and practices.
• Intermediate knowledge of AML risks as they relate to transactional and credit operations of bank products and services.
• Intermediate knowledge of business entity documentation (e.g., Articles of Incorporation, Certificate of Good Standing, LLC Agreement, PCs, and Partnerships).
• Intermediate speaking and writing communication skills.
• Certified Anti-Money Laundering Specialist (CAMS) preferred.

Benefits

• Competitive salaries and an ownership stake in the company.
• Medical and dental insurance.
• Paid time off.
• 401k matching program.
• Tuition assistance program.
• Employee volunteer program.
• Wellness program.
• Opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances.

About the company

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank — that remain part of the company’s heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.