Review KYC Onboarding documentation (CIP), conduct risk assessment, liaising with business units, front office, Compliance, and BSA teams and advising on KYC requirements.
Identify higher risk customer through initial and ongoing due diligence reviews
Oversee and support EDD review conducted by BSA Analysts
Review documents and information to perform timely enhanced due diligence reviews on higher risk customers.
Advise on relevant changes to customer behavior that may support money laundering or illegal activities relating to financial crimes.
Complete CDD/EDD due diligence reviews and CDD/EDD alerts generated by the Banks monitoring system.
Prepare detailed case reports and make recommendations on high-risk customers, including but not limited to de-risking recommendations and account closures to the BSA Officer.
Responsible for filing regulatory reports on high risk customers, including suspicious activity reports and cash transaction reports.
Serve as a subject matter expert on customer due diligence, enhanced due diligence and customer risk related issues.
Provide subject matter guidance for front office and BSA staff including ongoing CDD and EDD training.
Assist the BSA Officer in maintaining and updating CDD|EDD Procedures
Assist the BSA team during audits and examinations