East West Bank
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BSA Lead Analyst
role at
East West Bank
Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities. Our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement. Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.
Overview East West Bank is currently seeking a Bank Secrecy Act Lead (BSA) Analyst for our Customer Risk Management Group. The Lead BSA Analyst will review new and existing customer accounts to ensure compliance with BSA and USA Patriot Act and to determine their risk rating profile, including both domestic and cross border customers. The customer reviews include mitigating risk, identifying suspicious activity, escalating important issues, and working with relationship managers and account officers.
Responsibilities
Complete Enhanced Due Diligence (EDD) reviews on high risk individuals and entities to determine risk rating profile
Analyze data and results of existing transaction monitoring reports to determine if further investigation is warranted, if so take appropriate action using EWB financial platform
Gather information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, etc.
Conduct follow-up with account officer for any missing or necessary documentation.
Review results from third-party vendors regarding authentication of identification on individuals and businesses, OFAC and government lists, closed for cause, etc.
Conduct further research.
Escalate to appropriate department.
Develop relationships within appropriate levels of management for issue identification and resolution.
Prepare and document analysis on summary write-ups.
Complete all required training.
Stay up to date and knowledgeable on BSA/AML/OFAC regulatory requirements and FinCEN guidelines.
Use analytical skills to produce and follow leads, as well as link common or related activities to develop a complete picture of suspicious activity and uncover new trends in fraudulent behavior.
Assist BSA Officer/Managers and internal partners on preparing, logging and providing documents/materials per request from law enforcement officials.
As needed, assist management with quality control responsibilities and analyzing complex scenarios involving suspicious activity and/or money laundering.
Conduct quality control assessments on alerts, cases, and EDD reviews.
Provide feedback and training to EDD analysts on how to improve their EDD files for regulatory standards and requirements.
Ability to professionally communicate with (both orally and in writing) first line of defense and senior management.
May perform other duties as assigned.
Qualifications
5-7 years’ experience of BSA/AML/OFAC related activities in financial services industry
Experience conducting financial crime investigations, money laundering monitoring and/or other related BSA/AML and/or legal and compliance experience
Banking, operations, BSA & USA Patriot acts background including performing EDD reviews on complex relationships required
Bachelor’s Degree
Familiar with BSA/AML relevant law and regulations both in US and China.
Well-organized, analytical, and critical thinking skills
Excellent verbal and written communication
Fluency in spoken and written English and Mandarin Chinese is essential for this role.
Strong attention to detail
Ability to work in a fast paced environment, creative thinker, internet savvy
CAMS certification preferred; we will pay for certification study for interested candidates.
Compensation The base pay range for this position is USD $37.00/Hr. - USD $45.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
Additional Details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Business Development and Sales
Industry: Banking
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BSA Lead Analyst
role at
East West Bank
Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities. Our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement. Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.
Overview East West Bank is currently seeking a Bank Secrecy Act Lead (BSA) Analyst for our Customer Risk Management Group. The Lead BSA Analyst will review new and existing customer accounts to ensure compliance with BSA and USA Patriot Act and to determine their risk rating profile, including both domestic and cross border customers. The customer reviews include mitigating risk, identifying suspicious activity, escalating important issues, and working with relationship managers and account officers.
Responsibilities
Complete Enhanced Due Diligence (EDD) reviews on high risk individuals and entities to determine risk rating profile
Analyze data and results of existing transaction monitoring reports to determine if further investigation is warranted, if so take appropriate action using EWB financial platform
Gather information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, etc.
Conduct follow-up with account officer for any missing or necessary documentation.
Review results from third-party vendors regarding authentication of identification on individuals and businesses, OFAC and government lists, closed for cause, etc.
Conduct further research.
Escalate to appropriate department.
Develop relationships within appropriate levels of management for issue identification and resolution.
Prepare and document analysis on summary write-ups.
Complete all required training.
Stay up to date and knowledgeable on BSA/AML/OFAC regulatory requirements and FinCEN guidelines.
Use analytical skills to produce and follow leads, as well as link common or related activities to develop a complete picture of suspicious activity and uncover new trends in fraudulent behavior.
Assist BSA Officer/Managers and internal partners on preparing, logging and providing documents/materials per request from law enforcement officials.
As needed, assist management with quality control responsibilities and analyzing complex scenarios involving suspicious activity and/or money laundering.
Conduct quality control assessments on alerts, cases, and EDD reviews.
Provide feedback and training to EDD analysts on how to improve their EDD files for regulatory standards and requirements.
Ability to professionally communicate with (both orally and in writing) first line of defense and senior management.
May perform other duties as assigned.
Qualifications
5-7 years’ experience of BSA/AML/OFAC related activities in financial services industry
Experience conducting financial crime investigations, money laundering monitoring and/or other related BSA/AML and/or legal and compliance experience
Banking, operations, BSA & USA Patriot acts background including performing EDD reviews on complex relationships required
Bachelor’s Degree
Familiar with BSA/AML relevant law and regulations both in US and China.
Well-organized, analytical, and critical thinking skills
Excellent verbal and written communication
Fluency in spoken and written English and Mandarin Chinese is essential for this role.
Strong attention to detail
Ability to work in a fast paced environment, creative thinker, internet savvy
CAMS certification preferred; we will pay for certification study for interested candidates.
Compensation The base pay range for this position is USD $37.00/Hr. - USD $45.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
Additional Details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Business Development and Sales
Industry: Banking
#J-18808-Ljbffr