BSA Lead Analyst

Bank Secrecy Act Lead Analyst

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, escalate 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
• Gathers information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, etc.
• Conducts follow-up with account officer for any missing or necessary documentation.
• Reviews results from third-party vendors regarding authentication of identification on individuals and businesses, OFAC and government list, closed for cause, etc.
• Conducts further research
• Escalates to appropriate department
• Develops relationships within appropriate levels of management for issue identification and resolution.
• Prepares and documents analysis on summary write-ups.
• Completes 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 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, the BSA Lead analyst will 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
• Additional duties as assigned

Qualifications

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.