Enhanced Due Diligence (EDD) Senior Analyst

Western Alliance Bancorporation
dental insurance, tuition assistance, 401(k)
United States, Arizona, Phoenix
Jan 06, 2025
Job Title: Enhanced Due Diligence (EDD) Senior Analyst Location: CityScape What you'll do: Enhanced Due Diligence (EDD) Senior Analysts are responsible for performing holistic due diligence reviews of High or Moderate Risk Customers in support of the Bank's BSA/AML/KYC policies and procedures. EDD Senior Analysts evaluate risk presented by these customers at initial onboarding and conduct complex reviews periodically throughout the customer relationship. EDD Analysts are responsible for research and thorough analysis of 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. They assist with preparing materials for internal and external audits, and regulatory exams. EDD Analysts interact with Lending, Operations, and other front line personnel to achieve highest level of compliance for effective BSA/AML and OFAC compliance. EDD Senior Analysts are more experienced than EDD Analysts, have a thorough working knowledge of KYC and CDD regulatory expectations, are subject matter experts for our subdivisions and national business lines, are expected to evaluate customers that are more complicated, and work more closely with RMs, bankers, and other front line personnel. Responsibilities: Conducts 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. Performs 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. Provides technical support and assistance to business development officers. Researches 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. Assists 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. What you'll need: High school degree required Banking operations or BSA compliance experience required Bachelor's degree or 3-4 years related experience required. Relevant advanced degree preferred (JD or Masters). Additional 2-3+ years of AML/KYC/EDD related experience preferred. Intermediate to advanced knowledge of BSA/AML/KYC regulations and best practices, etc. Knowledge of transaction types across the spectrum of commercial and consumer products (deposit, lending, ACH, ATM, RDC, and correspondent banking). Intermediate to advanced computer operational skills required (Microsoft Office products). Basic experience using BSA/AML transaction monitoring and/or case management software required. CAMS Certification preferred. Law enforcement experience and/or drug enforcement experience preferred. Benefits you'll love: We offer all the important things you'd want - like 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, and a wellness program. In addition, you'll have the opportunity to bolster your 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! About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. Western Alliance Bancorporation