Job Details

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Overview

East West Bank is seeking a Bank Secrecy Act Lead (BSA) Analyst for the Customer Risk Management Group. The Lead BSA Analyst will review new and existing customer accounts to ensure compliance with BSA and USA PATRIOT Act and to determine their risk rating profile, including both domestic and cross-border customers. The customer reviews include mitigating risk, identifying suspicious activity, escalating important issues, and working with relationship managers and account officers.

Responsibilities

• Complete Enhanced Due Diligence (EDD) reviews on high risk individuals and entities to determine risk rating profile
• Analyze data and results of existing transaction monitoring reports to determine if further investigation is warranted; if so, take appropriate action using the EWB financial platform
• Gather information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, etc.
• Conduct follow-up with account officer for any missing or necessary documentation
• Review results from third-party vendors regarding authentication of identification on individuals and businesses, OFAC and government lists, closed for cause, etc.
• Conduct further research
• Escalate to appropriate department
• Develop relationships within appropriate levels of management for issue identification and resolution
• Prepare and document analysis on summary write-ups
• Complete all required training
• Stay up to date and knowledgeable on BSA/AML/OFAC regulatory requirements and FinCEN guidelines
• Use analytical skills to produce and follow leads, link common or related activities to develop a complete picture of suspicious activity and uncover new trends in fraudulent behavior
• Assist BSA Officer/Managers and internal partners in preparing, logging, and providing documents/materials per request from law enforcement officials
• As needed, assist management with quality control responsibilities and analyzing complex scenarios involving suspicious activity and/or money laundering
• Conduct quality control assessments on alerts, cases, and EDD reviews
• Provide feedback and training to EDD analysts on how to improve their EDD files for regulatory standards and requirements
• Communicate professionally with first line of defense and senior management
• May perform other duties as assigned

Qualifications

• 5-7 years' experience of BSA/AML/OFAC related activities in financial services industry
• Experience conducting financial crime investigations, money laundering monitoring and/or other related BSA/AML and/or legal and compliance experience
• Banking, operations, BSA & USA Patriot acts background including performing EDD reviews on complex relationships required
• Bachelor's Degree
• Familiar with BSA/AML relevant law and regulations both in US and China
• Well-organized, analytical, and critical thinking skills
• Excellent verbal and written communication
• Fluency in spoken and written English and Mandarin Chinese is essential for this role
• Strong attention to detail
• Ability to work in a fast-paced environment, creative thinker, internet savvy
• CAMS certification preferred; we will pay for certification study for interested candidates

Compensation

The base pay range for this position is USD $37.00/Hr. - USD $45.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.