Adheres to Bank policies and procedures and complies with all State and Federal banking regulatory requirements, including but not limited to Sarbanes-Oxley Act, Bank Secrecy Act, Anti-Money Laundering, OFAC, Customers Right to Privacy Act, Regulation D, Regulation DD/Truth in savings, USA Patriot Act, CIP, Elder Care, Sexual Harassment, Information Security and Privacy requirements as they pertain to this position. This position is responsible for escalating suspicious activity to the BSA.

POSITION OVERVIEW

This position is responsible for conducting due diligence research for those that would be considered higher risk customers. The position also requires documentation review for new customer accounts, evaluates high-risk accounts for risk rating, and analyzes trends, patterns, and then performs a written analysis of the overall relationship. Additional responsibilities include review and disposition of OFAC alerts, inquiries, and potential OFAC suspects. This person works under the supervision of the BSA Officer and KYC/EDD Team Lead.

 POSITION RESPONSIBILITIES:

Assist the KYC/EDD Team Lead in all related matters for KYC and EDD reviews, including Large and Complex customers.

• Review CDD documentation for consistency.
• Assist in the onboarding of new hires by guiding their transition through knowledge transfer, closely tracking their progress, and serving as a first line in answering questions.
• Serve as a mentor to analysts through sharing knowledge, expertise, and problem-solving discussions.
• Performing enhanced due diligence (EDD) reviews of all assigned high risk customers, including Negative News Searches.
• Providing branch and customer support on inquiries on day-to-day issues related to Ops Admin and BSA.
• Analyzes complex transactions in identification of suspicious account activity.
• Ensures that all deadlines are met.
• Conducting data analysis/research to identify high risk customers.
• Documenting EDD review findings in the appropriate databases to include all pertinent facts and information.
• Completing EDD reviews in a timely and efficient manner.
• Reviewing account related legal documents as necessary.
• Analyzing account data to determine the level of risk associated with each account and recommending a risk rating.
• Recommending clear and concise referrals to the SAR Team for further investigations and potential SAR filing.
• Participate in intra-day and/or after hours testing in support of system and process improvements.
• Review and adjudicate transactions that contain potential OFAC sanctions.
• Review and adjudicate potential names matches to OFAC and PEP lists.
• Assist bank personnel with reviewing potential OFAC suspects from OFAC alerts and inquiries.
• Responsible adhering to all BSA Policy and Procedures and completing training timely.
• Keep up to date with the latest trends and investigative techniques related to BSA and OFAC.

SKILLS/QUALIFICATIONS

Minimum of 5 years’ experience in BSA compliance or closely related functions

• Strong KYC experience and a can-do attitude
• Must possess proficient computer, written and oral communication skills.
• Well-organized and capable of performing multiple tasks.
• Have an analytical skillset.
• Proficient and comfortable with large data sets.
• Must have the ability to lead a team; be decisive, goal-oriented, and proactive.
• Excellent in verbal and written communication skills
• Bachelor’s Degree in related fields of business or financing or equivalent experience is preferred.
• CAMS certification or equivalent is preferred.