Bsa/Aml KYC Analyst

Washington Federal Boise , ID 83701

Posted 3 months ago

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.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
AML Technology And Reporting Analyst

Washington Federal

Posted 2 weeks ago

VIEW JOBS 10/1/2019 12:00:00 AM 2019-12-30T00:00 The AML Technology and Reporting Analyst will develop models involving tuning, calibration, segmentation and optimization for regulatory compliance. The Technology and Reporting Analyst will develop the foundation for future modeling and calibration as regulations change. The Technology and Reporting Analyst is responsible for monitoring and measuring the success of AML transaction monitoring, customer risk scoring and OFAC/sanctions screening models. In addition, the BSA/AML Technology and Reporting Analyst will be responsible for compiling metrics regarding daily BSA Department productions and consolidating into Board Reporting presentations for quarterly updates. 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: * Execute detailed plans regarding the scheduling of tuning and testing related to the production and pre-production monitoring rules within various AML, OFAC/Sanctions and Fraud screening technology and analytics solutions systems * Utilize visualization techniques to display data and the results of analysis in clear straightforward presentations that can be understood by non-technical readers * Develop models and execute ongoing monitoring for client transactions * Apply model optimization methodologies to ensure appropriate thresholds to support the AML/BSA and Fraud programs in alignment with Washington Federal's risk tolerance * Play a key role in communicating issues identified during the tuning/testing process to management and IT programming/technical staff * Develop documentation related to production and pre-production tuning efforts and parameter changes for AML transaction monitoring, OFAC/sanctions screening and fraud monitoring systems to ensure a comprehensive audit trail is maintained * Assist management as directed for tracking system changes, data validation and parameter changes for AML monitoring , OFAC/sanctions screening and fraud monitoring systems to ensure a comprehensive audit trail is maintained * Assist with the evaluation of monitoring and screening solutions and correcting errors to maintain systems following implementation * Develop and execute test cases to validate AML, OFAC/Sanctions and Fraud systems. * Plan and prepare technical reports, memoranda, and desktop procedures in order to document program development * Provide subject matter expertise and support for projects with AML/BSA impact. Compiling metrics regarding BSA Department production * Trending analysis for BSA Department regarding production metrics and rule analysis * Other duties may be assigned * Bachelor of Science degree; * Three (3) to five (5) years of technology experience preferably in compliance in the securities or banking industries with a focus in governance and anti-money laundering activities needed; * Strong knowledge of AML transaction monitoring systems, OFAC Sanctions screening systems and fraud monitoring systems; * Knowledge of database solutions including SQL, Oracle and Access; * Statistical software packages such as SAS, SPSS, etc.; * 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; * Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) certification preferred; * Effective writing, analytical, and communications skills. Washington Federal Boise ID

Bsa/Aml KYC Analyst

Washington Federal