BSA / AML - EDD / High Risk Analyst

Primary Purpose :

This position is a part of BSA / AML Department, a team that is integral to TowneBank's efforts in the fight against money laundering and terrorist financing. The BSA / AML Department assists the Bank's businesses to design effective processes through the development of consistent and cohesive policies and programs to ensure compliance with all applicable anti-money laundering and Office of Foreign Asset Control (OFAC) regulations. The BSA EDD / High Risk Analyst works within the BSA / AML Department to review high risk customers and acts as points of contact for the Bank.

The EDD / High Risk Analyst's primary objectives are to conduct periodic reviews of customers (individual and business) rated high risk by the AML scoring model, and to collect additional information for potentially high- risk customers at onboarding. Tasks include documenting reviews by preparing well-written narratives, obtaining documentation to support the results of investigations, and working with branches prior to onboarding a potential high-risk member.

Essential Responsibilities :

• Conduct comprehensive customer investigations using internal bank systems, open- source searches, third-party research tools, and transaction history analysis to develop strong understanding of the purpose of the relationship and identify reputational risk
• Work with branch personnel to obtain additional information and documentation for potentially high-risk customers at onboarding, such as Money Service Businesses, Third-Party Payment Processes, Privately Owned ATMs, and Politically Exposed Persons
• Participate in the MSS schools to provide an overview on High- Risk customer monitoring
• Participate with ongoing refresher training to BSA personnel regarding High-Risk customer reviews and documentation
• Escalate potential high-risk members to reporting Manager
• Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA)
• Other duties as assigned

Minimum Required Skills & Competencies :

Desired Skills & Competencies :

Physical Requirements :

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Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

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