General Description and Essential Functions
Conducts and completes Enhanced Due Diligence (EDD) reviews on higher risk clients. The EDD analyst assist the BSA Department to ensure compliance with Great Western Bank's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), 314(a), 314(b) and Office of Foreign Assets Control(OFAC) programs.
Conduct and complete EDD reviews for Higher Risk Clients in a timely manner consistent with Great Western Bank's BSA polices and procedures.
Collect and obtain documentation on Higher Risk Clients from applicable departments including but not limited to: Retail, Commercial Lending, Treasury Management, Operations, Wealth Management.
Perform transaction analysis of customer activity in the Bank's AML system for possible violations of law or suspicious activity with little supervision.
Report and escalate all unusual, suspicious or fraudulent activity or negative news findings clearly and objectively to Management.
Assist with Beneficial Ownership, CIP and KYC Compliance.
Responsible for reviewing work completed by EDD Analysts for accuracy, completeness and decisions.
Assist with assigning work load as needed
Be able to work with branch staff in regard to the escalation of EDD reviews, required documentation and account closures.
Responsible for updating and emailing bankers listings of EDD Reviews and/or additional information needed.
Bachelor's degree or equivalent work experience required.
5+ years of BSA/AML, Financial Fraud experience required.
Knowledge of BSA/AML, KYC, and FinCEN related laws and regulations.
Strong writing, analytical and communication skills
Ability to multi-task and complete projects on time. Must be able to work independently with little or no supervision. Detail oriented.
Ability to communicate effectively to all levels of personnel in a courteous and efficient manner.
Possess ability to assess risk as well as advise Leadership on solutions.
Proficiency in Microsoft Office software; highly skilled in Word and Excel.
CAMS or similar Certification preferred.
Great Western Bank