Risk Specialist I - Enhanced Due Diligence

First Horizon•Memphis, TN

9d•Onsite

About The Position

The position is responsible for performing confidential research and investigations of money laundering and other financial crimes. This role involves monitoring client relationships, conducting customer due diligence, analyzing transactions for suspicious activity, and making decisions on further investigation. The specialist will document findings, prepare cases for management review, and provide risk rating recommendations. Additionally, the role supports onboarding processes, assists management with daily activities, and participates in regulatory exams and audits.

Requirements

High school diploma or GED and 0-4 years of experience or equivalent combination of education and experience
Compliance and Risk Management Experience – 0 -2 years of BSA experience.
Banking experience preferred

Responsibilities

Monitor all aspects of client relationships and conduct customer due diligence and enhanced due diligence when necessary.
Analyze client account transactions to detect suspicious activity.
Make decisions on appropriate action to take regarding the need for further investigation.
Document the summary of investigative findings (e.g., copies of statements/checks, media search results, results from internal system searches, etc.) and prepare cases for review and approval by management.
Provide risk rating recommendations to management for clients’ relationships reviewed, by determining if client is low or potentially high risk.
Onboarding - Review and Analyze prospect client(s) prior to onboarding.
Support management teams, ensuring daily, weekly, and monthly activities are completed on time.
Participate in exams/audits by assisting in gathering of data for federal regulators, state examiners, independent auditors, and law enforcement.
Performs all other duties as assigned.