AML Due Diligence Analyst

The AML Due Diligence Analyst conducts detailed assessments of customer risk for money laundering, financial crimes and terrorist financing, through thorough and moderate to complex analysis of customer transaction patterns, negative news on the entity/customer, and assessments of expected activity versus actual activity based on the nature of the business. The AML Due Diligence Analyst maintains knowledge of financial crime typologies and is well versed in the identification of and escalation of possible suspicious activity for further investigation. The AML Due Diligence Analyst maintains current knowledge of the customer risk impacts related to subpoenas, 314(a) requests, 314(b) requests and OFAC. Recommends course of action to management based on an analysis of the findings and documents the analysis in the Bank's case management system. Supports the company's compliance efforts with the Banking Security Act (BSA).

RESPONSIBILITIES

• Utilize daily new customer report and import information into new customer risk scoring and rating tool.
• Review results from the output of the new customer risk scoring tool to identify new high-risk customers that need to be scheduled for a 90-day Enhanced Due Diligence review.
• Review the output from the new high-risk customer risk scoring tool to identify restricted or prohibited entity/customer types that require further action.
• Conduct 90-Day New high-risk customer EDD reviews to determine if activity is reasonable based on the nature of the business and is consistent with the CDD/expected activity information collected at account opening. Based upon analysis of activity, make recommendation if ongoing high-risk activity monitoring is required.
• Conducts a review of the quarterly Rules Based Risk Rating (RBRR) results and assess account(s) that scored at or above the high-risk threshold and make determination if the entity/customer qualifies as high-risk and subject to ongoing high-risk monitoring and Enhanced Due Diligence reviews.
• Performs moderate to complex transactional and customer analysis to support the Enhanced Due Diligence (EDD) reviews of the Bank's high-risk customers.
• Analyze and review moderate to complex account relationships, including a holistic review of customer relationship, transactions and customer provided information to support recommendations and appropriate risk-based business actions to be taken concerning client relationship onboarding or ongoing monitoring; escalating suspicious activity as necessary.
• Communicates with branch, business units and management for clarification when researching and conducting reviews, as necessary.
• Completes written report of findings which includes comprehensive details, negative news searches, pivot tables, detailed narrative of business activities and risk-based recommendations.
• Requires continuous exercise of judgment following broad guidelines.
• Maintains a thorough understanding of money laundering and financial crime and terrorist financing typologies and predicate offenses for money laundering and is able to apply that understanding in analyzing customer transaction and behaviors to identify activity consistent with the typologies.
• Maintains a thorough understanding of the BSA/AML KYC, CDD, EDD requirements and OFAC Sanctions compliance requirements. The AML Due Diligence Analyst maintains sufficient knowledge and understands when an EDD review should be escalated to the Investigations team for a AML case investigation or should be brought to the attention of the AML Due Diligence Manager, Director of BSA Operations or Chief BSA Officer.
• Assist with daily department mailbox duties, which may include but not limited to, Non-Lending Credit Risk Review Requests, detailed customer history.
• Participates in ongoing training to maintain knowledge of BSA/AML and OFAC regulatory requirements and new and emerging money laundering and financial crimes typologies.
• Keeps abreast of Bank policy, procedure, systems, products and services. Monitors industry trends relative to money laundering or fraud schemes including detection and reporting of suspicious activity.
• Other related duties as assigned.

QUALIFICATIONS

• 4 years banking experience required.
• 3 years BSA experience required.
• Certified Anti-Money Laundering Specialist (CAMS) or equivalent current professional certification(s) preferred.

A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $28.29 to $42.44. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit

Thought Provoking - Capable of making others think deeply on a subject
Team Player - Works well as a member of a group
Detail Oriented - Capable of carrying out a given task with all details necessary to get the task done well
Dedicated - Devoted to a task or purpose with loyalty or integrity

Must be organized with the ability to meet deadlines with the highest level of accuracy. (preferred)
Must have an understanding of OFAC Sanctions Programs (preferred)
Able to recognize transaction activity for trends and patterns associated with complex typologies for financial crime, money laundering and terrorist financing and/or predicate offenses to money laundering to ensure compliance with the BSA/AML, USA Patriot Act, and OFAC. (preferred)
Ability to synthesize moderate to complex information and patterns of activity and produce comprehensive written narrative. (preferred)
Must have knowledge of banking and the applicable AML regulations. (preferred)
3 years: Retail Banking Experience (preferred)
4 years: Working BSA/AML Department Experience (required)