Business Enhanced Due Diligence Analyst

First Citizens Bank•Raleigh, NC

10d•Hybrid

About The Position

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. This role will be located in Raleigh, NC or Phoenix, AZ. As a part of the Enhanced Due Diligence (EDD) team, the Business Enhanced Due Diligence Analyst is responsible for conducting enhanced due diligence on client segments that may pose a risk for money laundering, terrorist financing, sanctions, or reputation risk in support of all legal and regulatory requirements as a large financial institution. You will be tasked with conducting enhanced due diligence reviews of prospective and existing clients, ensuring that they are compliant with FCB's enhanced due diligence requirements.

Requirements

Bachelor's Degree and 2 years of experience in Financial Services and First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk OR High School Diploma or GED and 6 years of experience in Financial Services and First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk

Nice To Haves

Experience in enhanced due diligence, high risk industries, geographic risk, or sanctions
CAMS Certification
Fluency in Spanish
Exceptional attention to detail
Works effectively in a collaborative team environment
Demonstrates flexibility in responding to changing priorities and business needs

Responsibilities

Perform thorough EDD reviews on new and existing clients, ensuring compliance with regulatory requirements and internal policies, completing in a timely & quality manner.
Conduct in-depth analysis of client profiles, business activities and ownership structures to assess money laundering, terrorist financing, sanctions and other financial crime risks.
Review and verify applicable documentation to ensure accuracy and completeness of KYC information.
Assist clients and prospects in establishing the proper control environment to ensure compliance with the Bank's requirements.
Assists with identifying and managing existing and emerging risks identified through reviews.
Conduct assessments and profiling of prospects and clients through the EDD process based on their risk factors including business type and any applicable geographical risks.
Identify and communicates opportunities to automate/streamline quality and risk management efforts.
Serve as subject matter expert and ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions and AML regulations.
Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards.
Partner with Compliance, Internal Audit, and other departments to respond to examinations and audit requests, manage execution and implementation of action plans, and ensure all processes and changes implemented fully comply with applicable regulations and legislation, standards, policies, and guidelines.
Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures and best practices, promoting a culture of compliance.