Enhance Due Diligence (EDD) Team Lead

Western Alliance Bank • Phoenix, AZ

1d • Onsite

About The Position

As an EDD Team Lead, you will lead a team of EDD Analysts who review High Risk Onboarding Packet submissions and perform enhanced due diligence on prospective clients who pose a higher risk of money laundering or financial crimes risk to the institution. You will provide support to the EDD/KYC Operations Manager in providing guidance and oversight of the day-to-day operations of the group. You will oversee the analysis of potential onboarding of higher risk prospects to the bank. Assist EDD Analysts with responding to CIP and KYC related questions and issues submitted to the team mailbox. Adhere to bank policy, procedure, and regulatory requirements and maintain a strict level of confidentiality. Assist with special projects and data gathering for audit and/or regulatory purposes. Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

Requirements

• 4+ years of related experience in BSA/AML & Financial Crimes or similar field.
• Bachelor's degree in related field required.
• Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate to advanced knowledge of and understanding of CTRs, SARs, OFAC, and MILs.
• Intermediate to advanced knowledge of bank teller system software and/or imaging systems.
• Intermediate speaking and writing communication skills.

Nice To Haves

• Previous leadership experience preferred.
• Certified Anti-Money Laundering Specialist preferred.

Responsibilities

• Lead a team of EDD Analysts who review High Risk Onboarding Packet submissions and perform enhanced due diligence on prospective clients who pose a higher risk of money laundering or financial crimes risk to the institution.
• Provide support to the EDD/KYC Operations Manager in providing guidance and oversight of the day-to-day operations of the group.
• Oversee the analysis of potential onboarding of higher risk prospects to the bank.
• Assist EDD Analysts with responding to CIP and KYC related questions and issues submitted to the team mailbox.
• Adhere to bank policy, procedure, and regulatory requirements and maintain a strict level of confidentiality.
• Assist with special projects and data gathering for audit and/or regulatory purposes.
• Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

Benefits

• Competitive salaries
• An ownership stake in the company
• Medical and dental insurance
• Time off
• A great 401k matching program
• Tuition assistance program
• An employee volunteer program
• A wellness program
• Opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level