Due Diligence Analyst 3

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • BankUnited, N.A.
  • 18 Feb 18 2018-02-18

Due Diligence Analyst 3

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.
* Ensure ongoing due diligence efforts and KYC are maintained while identifying substantive changes to customer profiles.
* Perform AML Screening/CDD/EDD reviews on prospects and new/existing customers in accordance with the Bank's policies and procedures.
* 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, Lexis Nexis 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.
* Thoroughly document findings by preparing reports in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors and regulatory examiners.
* 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.
* Perform any other assignments as directed by Manager.

SENIOR LEVEL RESPONSIBILITIES:

* Prepare and draft presentations/reports, as needed.
* Actively participate in team meetings.
* Actively assist the Manager in special projects that are both system related or involve special investigations or reviews.
* Maintain close working knowledge of special projects, investigations or reviews and advises Manager of their progress and any matters of concern.

SUPERVISORY RESPONSIBILITIES:

* In absence of Manager, ensure proper workflow of customer review process and day-to-day assignments are addressed.
* Interact and coordinate with due diligence team to resolve day-to-day issues and escalate to Manager, when appropriate.

QUALIFICATIONS/COMPETENCIES

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

* College degree preferred.
* At least 7 years banking experience, with emphasis on BSA Compliance and due diligence in accordance with KYC, CIP, AML/BSA guidelines

CERTIFICATES, LICENSES, REGISTRATIONS: CAMS/FIBA