Prosperity Bank Sugar Land , TX 77487
Posted 2 months ago
POSITION PURPOSE POSITION PURPOSE
The BSA Enhanced Due Diligence (EDD) Lead analyst is responsible for identifying customers who may be a high risk of being used to launder money or conduct terrorist financing performing. Perform moderately complex research, analysis of customers transactional data and quality assurance (QA) on work performed by BSA EDD Analysts. This role will be responsible to provide assistance with the Bank's BSA/AML policies and procedures and serve as a subject matter expert on complex EDD reviews to BSA EDD Analysts in all areas of BSA and make recommendations to mitigate risk exposure.
RESPONSIBILITIES:
Provide coaching, mentoring and guidance to new and current EDD analysts performing EDD reviews
Perform quality assurance reviews of EDD cases and alert disposition by BSA EDD Analysts
Ensure assigned cases are completed accurately and timely
Conduct new employee training on matters related to customer's Enhanced Due Diligence, alert disposition and all EDD related workflow
Identify new high-risk customers by performing enhanced due diligence and monitoring efforts
Correspond with business units and banking centers for clarification of the activities conducted by customers
Performs complex investigations and be able to identify, document and mitigate potential money laundering, terrorist financing, drug trafficking, tax evasion and OFAC related issues
Profile potential bank customers based on Know Your Customer (KYC) data, expected and actual activity
Perform functions related to the Bank's Bank Secrecy Act / Anti-Money Laundering Program, including transaction reviews and/or account reviews
Understand the Bank's BSA/AML regulations, policies and procedures
Ability to identify risk, report any suspicious or unusual activity and escalate when necessary
Complete the annual BSA/AML and Compliance training
Other duties as assigned by supervisor
PHYSICAL DEMANDS & WORK ENVIRONMENT:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Ability to withstand moderate physical activity throughout the workday (standing, walking, reaching)
Ability to sit for extended periods of time
Ability to lift or move up to 25 pounds on occasion
Ability to maintain attention and concentration for extended periods of time
Ability to work overtime when required to meet deadlines
MINIMUM QUALIFICATIONS (EDUCATION, EXPERIENCE, & SKILLS):
Bachelor's Degree or equivalent work experience
Minimum of five years BSA/AML related banking experience
Previous experience in Enhanced Due Diligence, compliance or related position preferred
Knowledge of BSA, AML, and other AML regulatory policies with the ability to apply and explain regulatory concepts
Leadership or management experience
Self- starter, capable of working under minimum supervision
Multi-tasker and able to meet deadlines in high-pressure environment
Results oriented team player
Strong problem solving ability
Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and disposition appropriately
Strong interpersonal and verbal/written communication skills
Proficient in MS Office (Outlook/Word/Excel/PowerPoint)
Strong documentation skills to clearly articulate alert disposition
Adherence to controls and standards
Bachelor's degree or work equivalent experience of Bank services and products
CAMS certification a plus
Hours: Monday - Friday 8:30 AM - 5:00 PM.
40 hours per week.
Prosperity Bank