Western Alliance Bank

Enhanced Due Diligence Analyst

Req No.
2017-3682
Western Alliance Bank
Category
Risk Management & Compliance
Type
Regular Full Time
Phoenix

Overview

The position of EDD Analyst is a part of Financial Crimes Compliance and reports up through the EDD Advisory Group. EDD Analysts are responsible for reviewing and assessing client information for both individuals and business entities in order to determine AML risk. Analysts will ensure that proper information is collected and verified during initial onboarding and perform various updates and reviews throughout the lifecycle of the client relationship. The Analyst will conduct independent research using various internal systems and external tools to ensure that the bank has properly identified the client, understands our client’s profile and the associated AML risks and has assigned the appropriate level of risk to that relationship.

Responsibilities

  • Timely analysis of client onboarding information to verify accuracy and completeness
  • Performing enhanced due diligence for clients considered in higher risk categories
  • Conducting periodic and/or event driven reviews of client  relationships
  • Thorough documentation of all steps taken during the review process
  • Adhere to bank policy, procedure and regulatory requirements and maintain a strict level of confidentiality
  • Work in a team oriented and collaborative environment to ensure overall unit goals and deadlines are met
  • Establish working relationships with key business partners across all lines of business
  • Provide support and guidance to bank’s operational areas and assist with implementation of KYC related programs for the bank
  • Assist with special projects and data gathering for audit and/or regulatory purposes
  • Assist with internal audit and federal regulatory examinations

Qualifications

  • BS/BA degree or the equivalent work or military experience
  • Two (2) years of AML/BSA experience in a financial institution
  • One (1) year of KYC/EDD experience
  • Knowledge of AML risks as they relate to transactional and credit operations of bank products and services
  • Understanding of complex business ownership hierarchies and entity types
  • Knowledge of business entity documentation (e.g. Articles of Incorporation, Certificate of Good Standing, LLC Agreement, PC’s and Partnerships)
  • CAMS Certification preferred
  • Ability to meet regulatory deadlines with a sense of urgency while maintaining a high level of professionalism

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed