Know Your Customer KYC Analyst

Western Alliance Bank•Phoenix, AZ

12d

About The Position

As an Know Your Customer (KYC) Analyst you'll perform holistic due diligence reviews of High or Moderate Risk Customers in support of the Bank’s BSA/AML/KYC policies and procedures. You'll evaluate risk presented by customers at initial onboarding and conduct complex reviews periodically throughout the customer relationship. You'll research and analyze customer information to identify customers that may present a higher degree of risk for money laundering and other financial crimes, or other BSA related risks identified through automated risk scoring and supplemental risk detection and investigation. Conduct rigorous and thorough reviews of customer and business information; gaining a deep knowledge of the customer’s profile, transaction history and future activity; thoroughly investigates the activity and documents any findings or determinations; escalates items appropriately for further research and analysis. Perform Enhanced Due Diligence reviews to evaluate money laundering, sanctions, and other financial crime risk of prospective customers, and of existing customers on a periodic basis. Provide technical support and assistance to business development officers. Research customers and businesses on internal systems and against various databases (OFAC, CLEAR, etc.). Collaborates with business partners to ensure BSA/AML/KYC programs are understood, functioning, and effective. Assist Enhanced Due Diligence Manager and AML Operations Director with activity reports, audit material preparation, and special projects. Support Financial Crimes Compliance management in the development of new and revised procedures, methods, and forms that related to KYC, AML, and other Bank Secrecy Act functions.

Requirements

2+ years of related experience in BSA/AML & Financial Crimes or similar field.
High school diploma required; Bachelor's degree in related field preferred.
Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Intermediate knowledge of AML risks as they relate to transactional and credit operations of bank products and services.
Intermediate knowledge of business entity documentation (e.g. Articles of Incorporation, Certificate of Good Standing, LLC Agreement, PC’s and Partnerships).
Intermediate speaking and writing communication skills.

Nice To Haves

Certified Anti-Money Laundering Specialist preferred.

Responsibilities

Perform holistic due diligence reviews of High or Moderate Risk Customers in support of the Bank’s BSA/AML/KYC policies and procedures.
Evaluate risk presented by customers at initial onboarding and conduct complex reviews periodically throughout the customer relationship.
Research and analyze customer information to identify customers that may present a higher degree of risk for money laundering and other financial crimes, or other BSA related risks identified through automated risk scoring and supplemental risk detection and investigation.
Conduct rigorous and thorough reviews of customer and business information; gaining a deep knowledge of the customer’s profile, transaction history and future activity; thoroughly investigates the activity and documents any findings or determinations; escalates items appropriately for further research and analysis.
Perform Enhanced Due Diligence reviews to evaluate money laundering, sanctions, and other financial crime risk of prospective customers, and of existing customers on a periodic basis.
Provide technical support and assistance to business development officers.
Research customers and businesses on internal systems and against various databases (OFAC, CLEAR, etc.).
Collaborates with business partners to ensure BSA/AML/KYC programs are understood, functioning, and effective.
Assist Enhanced Due Diligence Manager and AML Operations Director with activity reports, audit material preparation, and special projects.
Support Financial Crimes Compliance management in the development of new and revised procedures, methods, and forms that related to KYC, AML, and other Bank Secrecy Act functions.