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Due Diligence Analyst

Melville, NY 11747 | Direct Hire

Post Date: 03/09/2018 Job ID: 12251 Industry: Due Diligence

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Due Diligence Analyst

Melville, NY

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

* 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.

* 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.

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


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Gary Fiore
Recruiter/Operations Associate

Currently overseeing all marketing and promotional campaigns, Gary brings his extensive knowledge of social media and journalistic principles to our operations/marketing division. Currently, Gary helps assist all business-related operations including candidate recruiting, database housekeeping, and marketing strategies. In addition, Gary is also responsible for managing web content, and producing all marketing projects. Gary holds a B.A in Multimedia/Broadcast Journalism from the University of Maryland and a Master's Degree in HR Management from Stony Brook University.

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