AML CIU CDD Analyst

Stifel•St. Louis, MO

About The Position

The AML - Client Intelligence Unit (CIU) Customer Due Diligence (CDD) Analyst holistically reviews high-risk clients from a risk-based approach. The AML-CIU CDD Analyst conducts surveillance reviews to identify potential high-risk transactional activity, Politically Exposed Persons (PEPs) reviews, sanctioned individual reviews, negative news/ derogatory information reviews, potential Office of Foreign Assets Control (OFAC) match reviews, beneficial ownership reviews, Marijuana Related Business (MRB) reviews, and new foreign account reviews. The role is also responsible for working with the Customer Identification Program (CIP) process to ensure the client's identity adequately satisfies CIP requirements.

Requirements

Understanding of AML BSA Compliance for CIP, KYC, CDD, EDD, and Transaction Monitoring.
Understanding of the financial industry, including operational and risk/control, financial markets, products, and an understanding of complex transaction life cycles.
Ability to produce accurate work in a timely fashion while managing time and priorities to ensure deadlines are met.
Working knowledge of brokerage and banking compliance analysis and reporting, with the ability to identify and use appropriate risk and control mechanisms.
Strong written and verbal communication skills.
Minimum Required: Bachelor's Degree in a related field or equivalent combination of education and experience.
Minimum Required: 2+ years of experience in the financial industry, related field, or an advanced degree in a related field.
Minimum Required: None.
Proficient with Microsoft 365 (Outlook, Word, Excel, and PowerPoint).

Nice To Haves

Experience in AML or related field is preferred.
Familiarity with AML software and SQL Server.
Familiarity with Actimize AML Solutions.

Responsibilities

Perform a holistic transactional/trade review of high-risk customers through use of customer risk scoring models per departmental processes and procedures.
Effectively identify, investigate, and document suspicious activity and use seasoned judgment to determine if a SAR should be filed.
Review and conduct adverse media searches and suggest account restrictions and/or account closures based on risk to the institution.
Assist in CDD reviews for PEPs, sanctioned individuals, negative news/derogatory information, potential OFAC matches, and MRB reviews.
Per AML and other regulatory standards, perform background investigations to help prevent operational and reputational risk.
Review and monitor CIP fail records to determine underlying CIP issues and share resolutions to resolve the problem promptly to limit risk.