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TowneBank · 7 hours ago

BSA/AML Specialist - KYC II

Suffolk, VA

Full-time

Onsite

Entry, Mid Level

2+ years exp

TowneBank is a financial institution committed to fighting against money laundering and terrorist financing. The BSA/AML Specialist II - KYC is responsible for verifying customer information, ensuring compliance with KYC regulations, and supporting the branch network in maintaining customer due diligence.

Banking

Responsibilities

Verify all new customer profiles for deposits, loans, indirect lending, and safe deposit box relationships added to the banking core system for complete identification and verification documentation

Review input CDD information at onboarding for missing/incomplete information and out-of-footprint relationships

Review beneficial ownership on new/trigger events per Beneficial Ownership Final Rule and Corporate Transparency AML Act 2020, deposit and loan business accounts, including company documentation with certification of owners and control person

Communicate KYC exceptions to Account Officers when new accounts are opened for new and existing members with missing or incomplete CIP, CDD information, and Beneficial Ownership

Conduct due diligence using Lexis Nexis or other internet resources on new and existing customers as needed

Review unidentified non-US persons and identify past due/missing W8-BENS on non-US persons

Identify missing and incomplete customer information on the Transaction Monitoring System

Act as liaison between Investigations/Alerts team to collect additional documentation as part of our ongoing due diligence requirements

Maintain KYC exception workbooks and document follow-up efforts to clear exceptions

Complete Annual Bank and AML Training as needed

Assist BSA Management with other projects as needed

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

Qualification

BSA/AML knowledgeCustomer Identification ProgramCustomer Due DiligenceBank Secrecy Act knowledgeOFAC regulations knowledgeDetail-orientedMulti-taskMicrosoft Office SuiteCommunication skillsWork independently

Required

2-3 years of banking or similar experience with knowledge of branch and loan operations

Working knowledge of federal requirements under the Bank Secrecy Act requirements, including the 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 handle confidential customer information

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 multi-task and learn new processes effectively

Ability to work independently and within a team setting

Ability to work with retail personnel in a support role

Strong written and verbal communication skills

Detail-oriented with good organizational skills

Working knowledge of Microsoft Office Suite