East West Bank
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Overview East West Bank is seeking a Bank Secrecy Act Lead (BSA) Analyst for the 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 the 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, 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 in 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
Communicate professionally with 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.
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Get AI-powered advice on this job and more exclusive features.
Overview East West Bank is seeking a Bank Secrecy Act Lead (BSA) Analyst for the 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 the 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, 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 in 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
Communicate professionally with 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.
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