Our client is looking for someone to conduct high risk customer enhanced due diligence reviews, to include, forensic analysis of financial transactional activity, a review of actual vs expected customer activity, comparative analysis of customer activity within inherently high risk BSA/AML customer types and make recommendations based upon findings.
Performing enhanced due diligence (EDD) reviews of all assigned high risk customers. Use customer risk scoring models in accordance with departmental processes and procedures.
Conducting data analysis/ mining to identify high risk customers
Documenting EDD review findings in the appropriate databases to include all pertinent facts and i.nfo1mation, such as the preparation of narrative reports summarizing actions, findings and recommendations for next steps.
Reviewing, resolving and/ or escalating alerts or other adverse news screening.
Recommending clear and concise referrals to the Financial Intelligence Unit for further investigations and potential SAR filing.
Applying independent judgment in the identification and escalation of key BSA/ AML/ OFAC risks
Displaying a high level of professional aptitude and standards.
Performing other related duties as assigned by the VP, EDD High Risk Customer Monitoring Manager,
BA/BS degree is required and a professional certification (i.e., CAMS certification).
2-4 years of experience in banking, with a strong emphasis on BSA, AML and OFAC laws and regulations.