Enhanced Due Diligence EDD Analyst
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Job Location:
Phoenix, NM - USA
Monthly Salary:
Not Disclosed
Posted on:
10 days ago
Vacancies:
1 Vacancy
Job Summary
Job Title:
Enhanced Due Diligence EDD AnalystLocation:
CityScapeWhat youll do:
As an Enhanced Due Diligence (EDD) Analyst youll perform holistic due diligence reviews of High or Moderate Risk Customers in support of the Banks BSA/AML/KYC policies and procedures. Youll evaluate risk presented by customers at initial onboarding and conduct complex reviews periodically throughout the customer relationship. Youll research and analyze 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.- Conduct rigorous and thorough reviews of customer and business information; gaining a deep knowledge of the customers profile transaction history and future activity; thoroughly investigates the activity and documents any findings or determinations; escalates items appropriately for further research and analysis.
- Perform 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.
- Provide technical support and assistance to business development officers. Research 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.
- Assist Enhanced Due Diligence Manager and AML Operations 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.
What youll need:
- 2 years of related experience in BSA/AML & Financial Crimes or similar field.
- High school diploma required; Bachelors degree in related field preferred.
- Entry level to intermediate knowledge of general banking operations including deposit operations loan administration treasury management and/or other commercial banking products and services.
- Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations rules and regulations industry standards and practices.
- Intermediate knowledge of AML risks as they relate to transactional and credit operations of bank products and services.
- Intermediate knowledge of business entity documentation (e.g. Articles of Incorporation Certificate of Good Standing LLC Agreement PCs and Partnerships).
- Intermediate speaking and writing communication skills.
- Certified Anti-Money Laundering Specialist preferred.
Benefits youll love:
We offer all the important things youd want like competitive salaries an ownership stake in the company medical and dental insurance time off a great 401k matching program tuition assistance program an employee volunteer program and a wellness addition youll have the opportunity to bolster your business knowledge learning the ins and outs of how successful companies operate and manage their finances giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona Alliance Association Bank Bank of Nevada Bridge Bank First Independent Bank and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race sex color religion age nation origin marital status disability protected veteran status sexual orientation gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying please email or call . When contacting us please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
Western Alliance Bancorporation
Required Experience:
IC
Key Skills
- ArcGIS
- Intelligence Community Experience
- GIS
- Python
- Computer Networking
- Data Collection
- Intelligence Experience
- R
- Relational Databases
- Analysis Skills
- Data Management
- Application Development
