BSA Lead Analyst

East West Bank•Chicago, IL

3d•$35 - $45

About The Position

East West Bank is currently seeking a Bank Secrecy Act Lead (BSA) Analyst for our Anti-Money Launder 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. The Lead BSA Analyst performs more complex reviews than BSA Analyst I/II and Senior Analysts and serves as an escalation point for guidance for those analysts when they encounter more complex factors in their assigned reviews.

Requirements

5-7 years’ experience of BSA/AML/OFAC related activities in financial services industry preferred
Experience conducting financial crime investigations, money laundering monitoring and/or other related BSA/AML and/or legal and compliance experience
Banking, operations, BSA & USA Patriot Act background including performing EDD reviews on complex relationships required
Bachelor’s Degree preferred
Familiar with BSA/AML relevant law and regulations both in US and China
Well-organized, analytical, and critical thinking skills
Excellent verbal and written communication
Strong attention to detail
Ability to work in a fast-paced environment, creative thinker, internet savvy
Applicants must have legal authorization to work in the United States.
We do not offer visa sponsorship at this time.

Nice To Haves

Professional working proficiency in Mandarin/Chinese is a plus
CAMS certification preferred; we will pay for certification study for interested candidates

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
Gather information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, etc.
Conduct follow-up with account officer for any missing or necessary documentation.
Review results from third-party vendors regarding authentication of identification on individuals and businesses, OFAC and government list, closed for cause, etc.
Conduct further research as necessary to complete a comprehensive customer profile
Escalate to appropriate department as necessary
Develop relationships within appropriate levels of management for issue identification and resolution
Prepare and documents analysis on summary write-ups
Complete all assigned 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.
May perform other duties as assigned