The KYC Analyst reports to the KYC Manager and is responsible for executing day-to-day KYC tasks.
Along with the key functions listed below, this position will be expected to uphold the value that Washington Federal places on simply being nice when working alongside colleagues and servicing our clients.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
Conduct EDD reviews for high risk customers (e.g. identifies the purpose of the account, confirms source of wealth, reviews adverse media, etc.) as part of onboarding and throughout the course of the relationship.
Conduct transactional reviews of customers as part of periodic and event driven reviews.
Ensure that sufficient customer information was collected by the lines of business to develop an understanding of normal and expected activity based on the customer occupation or business operations for high risk customers.
Support the KYC Manager on various compliance tasks relating to customer acceptance, customer risk rating, EDD, mitigating controls, adverse media, and any other delegated areas of the BSA/AML and OFAC compliance program.
Assist in the development and documentation of policies and procedures relating to all aspects of KYC.
Escalate issues of concern to BSA/AML Investigations team as necessary and appropriate.
Other duties may be assigned.
Bachelor of Science or Bachelor of Arts degree .
One (1) to three (3) years of experience in KYC roles executing the responsibilities described above. Relevant industry qualifications in AML (e.g., ACAMS) preferred.
Knowledge of common money laundering methods and trends.
Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.
Effective writing, analytical, and communications skills.