The Bancorp Bank

Special Due Diligence Analyst

US-FL-Tampa
Type
Regular Full-Time

Overview

Perform a variety of activities to support the special due diligence function including performing special searches i.e adverse news, PEP reviews, additional research as necessary on potential medium/high risk clients, periodic reviews/trigger events or updates to Know Your Customer (KYC) records and assisting with other business initiatives.  

Responsibilities

  1. Conduct research and provide advice on new customer alerts and Know Your Customer (KYC) files or Special Due Diligence (SDD) projects.
  2. Perform special reviews on medium or high risk customers.  Use customer risk scoring models in accordance with departmental processes and procedures.
  3. Conduct, review and evaluate batch process alerts, ad-hoc alert/screening on new and existing customers as appropriate.
  4. Document SDD review findings in the appropriate databases including all pertinent facts and information to support result.
  5. Complete SDD reviews/projects in a timely and efficient manner.  Suggest process enhancements and/or research tools to increase efficiency and/or accuracy.
  6. Assist with UAT testing of new system implementation or new tools being sought to enhance overall Company due diligence process.
  7. Advise the front and back offices regarding Company’s client onboarding, customer due diligence and enhanced due diligence standards and requirements.
  8. Review, resolve and/or escalate alerts or other adverse news screens.
  9. Elevate questions and concerns to the team lead as needed to make determinations and close SDD reviews.
  10. Assist with preparation and delivery of AML and other compliance training.
  11. Maintain awareness of regulatory updates and incorporate process and procedural changes into the SDD review process as directed by department management.
  12. Perform other related compliance assignments as assigned.

 

                             

Qualifications

Education/Experience:

  • An undergraduate degree or an equivalent combination of training and experience in the financial or banking industry. 
  • A minimum of 3 years related BSA/AML experience with KYC and due diligence with exposure to EDD and special projects.

Other Qualifications:

  • Good working knowledge with federal and state AML regulations including Bank Secrecy Act (BSA), OFAC and the USA PATRIOT Act.
  • Excellent verbal, written, and interpersonal communication skills
  • Excellent researching and time management skills with strong focus on attention to detail
  • A team player able to work effectively in a team fostered, multi-tasking environment
  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook, automated CDD and case management systems.

“The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability." 

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