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TowneBank · 1 day ago

BSA/AML - EDD/High Risk Analyst

Suffolk, VA

Full-time

Onsite

Mid Level

3+ years exp

TowneBank is committed to combating money laundering and terrorist financing through its BSA/AML Department. The EDD/High Risk Analyst will review high-risk customers, conduct investigations, and ensure compliance with anti-money laundering regulations.

Banking

Responsibilities

Conduct comprehensive customer investigations using internal bank systems, open- source searches, third-party research tools, and transaction history analysis to develop strong understanding of the purpose of the relationship and identify reputational risk

Work with branch personnel to obtain additional information and documentation for potentially high-risk customers at onboarding, such as Money Service Businesses, Third-Party Payment Processes, Privately Owned ATMs, and Politically Exposed Persons

Participate in the MSS schools to provide an overview on High- Risk customer monitoring

Participate with ongoing refresher training to BSA personnel regarding High-Risk customer reviews and documentation

Escalate potential high-risk members to reporting Manager

Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA)

Other duties as assigned

Qualification

BSA/AML case investigationsBank Secrecy Act knowledgeBanking software proficiencyRegulatory complianceCustomer relationship managementDetail orientedCommunication skillsTeamworkConfidentialityOrganizational skills

Required

3-5 years banking experience and knowledge of branch and/or loan operations

2-3 years of BSA/AML case investigations experience

Working knowledge of federal requirements under the Bank Secrecy Act requirements including Customer Identification Program, USA PATRIOT Act and Office of Foreign Assets Control (OFAC) regulations, and be familiar with FFIEC BSA/AML Manual guidelines

Ability to comply with regulatory deadlines

Knowledge of bank products and services

Ability to develop strong relationships with peers, and ability to interact with multiple levels of management, internal and external auditors/examiners

Ability to handle confidential customer information

Ability to work independently and within a team setting

Strong written and verbal communication skills

Detail oriented with good organization skills

Proficient in the use of Banking software, Microsoft Office Suite, core systems, imaging systems and AML/BSA Software

Ability to follow-up with internal and external outreach for items requiring additional information

Maintain knowledge on BSA/AML/OFAC news and events as well as regulatory updates