Enhanced Due Diligence (EDD) Analyst Seniors are responsible for performing holistic due diligence reviews of High or Moderate Risk Customers in support of the Bank's BSA/AML/KYC policies and procedures. The EDD Analyst Senior evaluates risk presented by these customers at initial onboarding and conduct complex reviews periodically throughout the customer relationship.
The EDD Analyst Seniors are responsible for research and thorough analysis of customer information to identify customers that may present a higher degree of risk for money laundering and other financial crimes, or other BSA related risks identified through automated risk scoring and supplemental risk detection and investigation. They assist with preparing materials for internal and external audits, and regulatory exams. The EDD Analyst Senior will interact with Lending, Operations, and other front line personnel to achieve highest level of compliance for effective BSA/AML and OFAC compliance.
EDD Analyst Seniors are more experienced than EDD Analysts, and are expected to evaluate more complicated customers and work more closely with RMs, bankers, and other front line personnel
Conducts rigorous and thorough reviews of customer and business information; gaining a deep knowledge of the customer's profile, transaction history and future activity; thoroughly investigates the activity and documents any findings or determinations; escalates items appropriately for further research and analysis.
Performs Enhanced Due Diligence reviews to evaluate money laundering, sanctions, and other financial crime risk of prospective customers, and of existing customers on a periodic basis.
Provides technical support and assistance to business development officers. Researches customers and businesses on internal systems and against various databases (OFAC, CLEAR, etc). Collaborates with business partners to ensure BSA/AML/KYC programs are understood, functioning, and effective.
Assists the Enhanced Due Diligence Director with activity reports, audit material preparation, and special projects. Support Financial Crimes Compliance management in the development of new and revised procedures, methods, and forms that related to KYC, AML, and other Bank Secrecy Act functions.
Associates Degree and 3-4 years related experience required
Bachelor's degree and 1-2 years related experience required
Basic knowledge BSA/AML/KYC regulations and best practices, etc. Knowledge of transaction types across the spectrum of commercial and consumer products (deposit, lending, ACH, ATM, RDC, and correspondent banking).
Intermediate to advanced computer operational skills required (Microsoft Office products). Basic experience using BSA/AML transaction monitoring and/or case management software required.
CAMS Certification preferred.
Law enforcement experience and/or drug enforcement experience preferred.
Western Alliance Bancorporation