Commercial Front Line Monitoring Risk Analyst

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of either our Phoenix, Dallas, Charlotte, Chicago, Miami or Denver office.

FCB’s Commercial Bank First Line of Defense Enhanced Due Diligence Know Your Customer (“EDD KYC”) team is responsible for managing, monitoring, and conducting enhanced due diligence on commercial client segments that may pose a higher risk for money laundering, terrorist financing, sanctions, or reputation risk in support of all legal and regulatory requirements as a large financial institution.  You will be tasked with supporting a frontline monitoring program for the Commercial Bank aimed at identifying clients who require off-cycle enhanced due diligence reviews.   You will engage with peers, all levels of management and other internal stakeholders, as necessary.

Responsibilities

Execute the Commercial Bank frontline monitoring program that uses both qualitative and quantitative data to identify clients who require off-cycle enhanced due diligence reviews through analysis of the client profile, KYC documentation and transaction activity.

Provide subject matter expertise in the areas of qualitative and quantitative analysis to drive best-in-class program execution in line with expectations for a large financial institution.

Document and maintain accurate records, including findings, decisions and supporting documentation in accordance with internal policies, procedures and regulatory standards.

Conduct assessments and profile clients based on their quantitative and qualitative factors, including but not limited to expected activity, business model and geographic risk.

Assist with identifying existing and emerging risk trends identified through reviews.

Identify and communicate opportunities to automate / streamline in support of quality and risk management efforts.

Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures, and best practices, promoting a culture of compliance.

Qualifications

Bachelor’s Degree with a minimum of 2 years of experience in Commercial banking front line risk monitoring of client activity OR High School Diploma / GED with a minimum of 6 years of experience

KYC Compliance or qualitative / quantitative analysis at a Large Financial Institution

Understanding and experience in high risk industry sectors

BA, Finance, Legal, International Studies, or Criminal Justice

Association of Certified Anti-Money Laundering Specialist (ACAMS)

Strong analytical and research skills.

Demonstrate strong understanding of AML / Sanctions related risk factors.

Ability to understand complex business models and the appropriateness of their underlying activity.

Strong understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly.

Demonstrate mastery of qualitative and quantitative monitoring techniques and data analytics using a variety of data sources and mediums of analysis.

Demonstrate subject matter expertise in a variety of Commercial Bank business models.

Demonstrate ability to execute effective controls embedded within business processes.

Ability to work independently, take initiative and have strong verbal and written communication skills.

Adaptability in learning new topics, handling change and managing competing priorities.

This job posting is expected to remain active for 30 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate.

For Denver, the base pay for this position is generally between $83,400 - $114,60 annually

Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and / or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https : / / jobs.firstcitizens.com / benefits.

Company Description :

Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank serves customers in 18 states and the District of Columbia. For over 100 years, customers have trusted First Citizens with their money … and their futures. Today, First Citizens is the largest family-controlled bank in the nation and the sixth-largest bank franchise headquartered in the Southeast with more than $30 billion in assets. We employ more than 6,000 associates who are focused on helping our customers achieve a lifetime of success. First Citizens operates more than 570 branches in Arizona, California, Colorado, District of Columbia, Florida, Georgia, Kansas, Maryland, New Mexico, Missouri, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.

First Citizens Bank. Forever First®. Member FDIC.

Equal Opportunity / Affirmative Action Employer / Minority / Female / Disability / Veteran

If you need special assistance or an accommodation in applying for employment at First Citizens Bank, please contact our Human Resources department.