Due Diligence Analyst 1 - Remote Job at BankUnited
SUMMARY: The primary purpose of this position is to review, assess, and validate customer records to aide in the detection of possible money laundering, terrorist financing, and fraud using risk-based approach methods while ensuring compliance with the Bank's established BSA/AML program.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
- Review KYC for completeness and accuracy as part of customer validation in order to assess and document the risks associated with that customer.
- Identify and address items through day-to-day assignments to ensure the Bank's KYC and CIP standards have been met.
- Assist in ensuring ongoing due diligence efforts and KYC are maintained while identifying substantive changes to customer profiles.
- Assist in conducting AML Screening/CDD/EDD reviews on prospects and new/existing customers in accordance with the Bank's policies and procedures.
- Assist in the execution of special projects, investigations or reviews, as directed.
- Review and resolve EDD Verifier alerts; escalate findings to Manager when appropriate.
- Perform searches utilizing Internet sources and/or third-party vendors (i.e. Google, LexisNexis, and/or World Compliance) to determine negative news and obtain due diligence information for prospects and new/existing customers.
- Respond to daily inquiries from peers, front-line and management regarding KYC/CIP and due diligence matters, when appropriate.
- Communicate effectively with peers, front-line and management when requesting information or documentation and addressing concerns or findings.
- Adhere to all designated time frames, manage workflow to the specified deadlines and complete responsibilities in a satisfactory manner.
- Report and escalate all concerns or negative findings clearly and objectively to Manager.
- Interact with bank examiners, internal auditors, and compliance personnel during BSA and AML related audits, if necessary.
- Complete all job-related training in a timely manner and attend seminars or continuing education, as directed.
- Participate in team meetings.
- Perform any other assignments as directed by Manager.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
EDUCATION
College degree preferred
EXPERIENCE
- 3-5 years experience in banking or 1-3 years BSA/AML compliance experiencerequired
CERTIFICATES, LICENSES, REGISTRATIONS
- Certified Anti-Money Laundering Specialist (CAMS) preferred
- Anti-Money Laundering Certified Associate (AMLCA) preferred
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