BSA Customer Due Diligence Investigator

Job Summary

This position conducts Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) preliminary reviews/investigations for the purpose of identifying clients that pose a greater than normal anti-money laundering risk to Northwest and determines when a CDD/EDD review warrants escalation for SAR considerations and documenting review details. This position provides sound judgement and strong adherence to procedures associated with CDD/EDD reviews and provides subject matter expertise to others within and outside the Bank Secrecy department based on efficient process, communication, and adherence to AML compliance functions and processes. This position analyzes information and makes decisions in accordance with BSA procedures while prioritizing and balancing a complex workload to meet Northwest and regulatory deadlines.

Essential Functions

• Perform procedures related to CDD/EDD reviews for the CDD group
• Demonstrate knowledge of money laundering and terrorist financing typologies to recognize unusual/suspicious activity
• Conduct second level CDD/EDD reviews/investigations for escalated alerts, as needed
• Provide feedback to management about opportunities to improve current processes
• Make decisions based upon Northwest’s policies and procedures as to whether a prospect or client should be categorized as “High Risk” from an AML/CFT perspective and whether they meet or exceed the risk thresholds of Northwest
• Collect, analyze, and disseminate sensitive information concerning the high-risk customers of Northwest
• Maintain High Risk Customer records, files, spreadsheets, cases, and related documentation
• Perform sanctions monitoring as required by Northwest procedures
• Adhere to the performance metrics provided by Northwest management
• Notify their supervisor, manager, or AML/BSA and OFAC Officer of any instances of non-compliance with AML, BSA, and OFAC regulations
• Make recommendations based upon Northwest’s policies and procedures as to whether a SAR should be filed based upon a review of the facts in the case
• Attend and present relevant BSA related information throughout various Northwest committees
• Conduct research on applicable regulations to ensure sound decision making
• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment
• Ensure total document and data integrity
• Prepare information during regulatory examinations, audit, compliance or other BSA reviews
• Assist with training new employees as needed

Education Experience

• Bachelor’s degree or equivalent preferred
• Experience in the following areas preferred
  • Anti money laundering
  • Customer due diligence reviews
  • AML, BSA or OFAC laws and regulations
  • Branch banking or bank operations
  • Counter terrorist financing
• CAMS certification preferred

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Skills