Customer Intelligence Unit (CIU) Analyst

The Customer Intelligence Unit Analyst plays a role in ensuring compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. This role is responsible for the review of customers, identifying risk factors, and overall contributes to preventing illicit financial activities. This position involves analyzing policies and procedures, evaluating customer behavior, and maintaining accurate records.

Customer Onboarding Enhance Due Diligence (EDD) Reviews

• Complete KYC enhanced due diligence reviews for new high-risk customers.
• Review CIP documentation, Beneficial Ownership forms, Office of Foreign Asset Control (OFAC) screening, vendor databases, and proprietary data.
• Ensure all necessary information is included in the KYC profiles of our customers to meet regulatory and legal requirements.

Customer Periodic Reviews

• Complete KYC enhanced due diligence reviews for existing high-risk customers.
• Review Customer Identification Program (CIP) documentation, beneficial ownership, OFAC screening, vendor databases, and proprietary data.
• Analyze client transaction data, verify documentation on file is in line with KYC Procedure and conduct negative news screening.
• Determine the client’s risk profile based on established procedures.
• Track and report documentation discrepancies.

CDD/EDD Alert Review

• Evaluate customer risk profiles based on transaction patterns, source of funds, and other relevant factors.
• Collaborate with compliance and risk management teams to identify potential risk and recommend risk mitigation strategies.
• Stay informed of relevant regulations (i.e. Anti-Money Laundering, Bank Secrecy Act) and ensure adherence.

Qualifications

• 4 to 6 years of relevant experience with requisite competencies
• Associate's degree in finance, Accounting, Business, Economics, Criminal Justice, similar or relevant experience.
• A foundational understanding of the Bank Secrecy Act, USA PATRIOT Act, and other relevant AML regulations. Knowledge of international AML standards (e.g., FATF).
• Analytical and attention to detail skills to detect and identify risks.
• Ethical behavior and a professional code of conduct is crucial, as BSA/AML Analysts often handle sensitive financial information.
• The ability to work collaboratively with colleagues, compliance officers, and other relevant teams is important for effective risk management.

Cultural Alignment

Choice is #PeopleFirst, banking second.

People don’t need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.

In contributing to our culture, Choice team members are guided by our core values.

• Embrace change and encourage innovation.
• Know when to ask for help and know when to offer help.
• Better the places we live.
• Work hard. Do the right thing. Have a little fun.

Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.

Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.

The base salary for this role will begin at $43,231 and up to $64,841 annually. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience and geographic location. Full time employees are also eligible for a competitive bonus and benefits package. Check out www.bankwithchoice.com/careers for an outline of current benefit offerings.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)