BSA/AML Enhanced Due Diligence Analyst - UT, TX, AZ (In Office)

National Bank of Arizona•Midvale, UT

30d•$65,000 - $85,000•Onsite

About The Position

Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the "Best Banks to Work For" and as having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers. With benefits starting on day one, paid bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity. We are currently seeking a BSA/AML Enhanced Due Diligence Analyst to join our team. This position will be a full-time in office position and can be located in either Salt Lake City, UT, Houston, TX or Phoenix, AZ. Responsible for BSA/AML investigative operations and the application of the BSA and USA PATRIOT Act requirements to daily activities. Analyzes high risk client activity for possible suspicious activity related to illegal activities such as money laundering, terrorist financing or fraud. Leverages multiple sources when making a determination or concluding on customer activity. Presents logical, well-supported conclusions for customer assessments. Understands and applies knowledge of BSA/AML typologies and the ability to identify red flags and current trends of suspicious activity during the review of alerting activity or periodic assessment of high-risk customer-types. Communicates with retail and business line staff to gather further client information to decision the alert or risk rating. Writes clear, concise communications that clearly support the conclusion when closing alerts, explaining or escalating activity. Meet SLA requirements and Quality Assurance performance levels for completed work. Responsible for multiple review-types, varying in complexity. Responsible for understanding/tracking each client due for review and review-type. Documents reviews in the case management system. Assesses complex customer relationships and understand relationships across multiple account relationships. Prepares and thoroughly documents factual findings in an accurate and timely manner. Communicates with retail and business line management, as necessary, in researching, investigating, and escalating cases. Compiles data and maintains necessary records and files to ensure efficient and consistent reporting of investigations. Make recommendations for relationship disengagement to management and/or appropriate risk officer. Meet SLAs for the completion of scheduled reviews. Perform other duties as assigned.

Requirements

Requires a bachelor's degree in Intelligence Studies, Accounting, Finance or related field and 1+ years of Bank Secrecy Act and/or AML compliance processes, procedures, and regulations or other directly related compliance experience. Financial crime investigation experience preferred. A combination of education and experience may meet requirements.
Basic working knowledge of BSA/AML Compliance as it applies to suspicious activity for money laundering, terrorist financing and fraud.
Understanding of complex financial transactions and business relationships.
Good analytical, documentation, customer service and communication skills, both written and verbal.
Ability to manage deadlines, be organized, follow through, detail-oriented and accurate.
Ability to meet performance expectations including Service Level Agreements for errors and Quality Assurance score expectations.
Ability to meet deadlines, work independently and adapt to changing priorities.
Good research and problem-solving skills.
Ability to translate complex situations into easily understood narratives.
Ability to be an independent thinker and to defend one's own work.
Ability to handle delicate and/or sensitive situations.
Strong PC skills desired with an emphasis in MS Excel and Word.
Knowledge of related systems used to conduct research and bank operations as it relates to the flow of funds through financial institutions.

Nice To Haves

Relevant Professional Certification: Association of Certified Anti-Money Laundering Specialists (ACAMS), Associate of Certified Fraud Examiners (ACFE) or Association of Certified Financial Crime Specialists (ACFCS) is a plus.

Responsibilities

Responsible for BSA/AML investigative operations and the application of the BSA and USA PATRIOT Act requirements to daily activities.
Analyzes high risk client activity for possible suspicious activity related to illegal activities such as money laundering, terrorist financing or fraud.
Leverages multiple sources when making a determination or concluding on customer activity.
Presents logical, well-supported conclusions for customer assessments.
Understands and applies knowledge of BSA/AML typologies and the ability to identify red flags and current trends of suspicious activity during the review of alerting activity or periodic assessment of high-risk customer-types.
Communicates with retail and business line staff to gather further client information to decision the alert or risk rating.
Writes clear, concise communications that clearly support the conclusion when closing alerts, explaining or escalating activity.
Meet SLA requirements and Quality Assurance performance levels for completed work.
Responsible for multiple review-types, varying in complexity.
Responsible for understanding/tracking each client due for review and review-type.
Documents reviews in the case management system.
Assesses complex customer relationships and understand relationships across multiple account relationships.
Prepares and thoroughly documents factual findings in an accurate and timely manner.
Communicates with retail and business line management, as necessary, in researching, investigating, and escalating cases.
Compiles data and maintains necessary records and files to ensure efficient and consistent reporting of investigations.
Make recommendations for relationship disengagement to management and/or appropriate risk officer.
Meet SLAs for the completion of scheduled reviews.
Perform other duties as assigned.

Benefits

Medical, Dental and Vision Insurance - START DAY ONE!
Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays, and any applicable state holidays
401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
Mental health benefits including coaching and therapy sessions
Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business, maximum of $5,250 per calendar year, employees are eligible for the program upon hire
Employee Ambassador preferred banking products

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