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Analyst High Risk EDD - FCIU

Monterey Park, CA, USA Req #772
Monday, March 23, 2020

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic?   Would you like to work for a company that is ranked Top 20 on Forbes’ Best Banks in America 2020 list?  If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success.  We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for nearly 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.

We offer a competitive benefits package and comprehensive training programs so you can focus on your long-term professional career and your next steps at Cathay Bank.  Apply today!

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Learn more about us at cathaybank.com

GENERAL SUMMARY

The High Risk Enhanced Due Diligence (EDD) Analyst is responsible for reviewing systematic Anti-Money-Laundering (AML) alerts and conducting annual High Risk Enhanced Due Diligence (EDD) reviews on high risk customers - consumer and commercial.

The High Risk EDD Analyst has an understanding of key topics within the high risk client lifecycle management process, including: Source of Wealth corroboration, negative news and adverse media screening, collection of required Ultimate Beneficial Owner (UBO)/partner documentation, nature and purpose of account, monitoring/mitigating of potential suspicious transactions, changes in regulatory rules, recent trends and enforcement actions, peer group leading practices, client risk rating, other AML related red flags.

This position requires strong ownership of the learning process, prioritization and substantial analytic skills, case management skills and an ability to drive positive change. This position requires sound judgment, attention to detail, and the highest degree of confidentiality and accuracy in the handling of information and in discharging responsibilities.

Effectively and voluntarily takes on additional roles and responsibilities including participating in special projects; and working closely with branches and business lines.
 

ESSENTIAL FUNCTIONS

  1. Conduct comprehensive investigations of customers by utilizing CIP information, occupation, line of business, income methods, and transaction activity as identified by the AML Solution based on predefined triggers
  2. Contact branches and business lines for clarification of customer and/or account activity, as needed
  3. Perform transaction analysis of several types of businesses and capture a strong understanding of account purposes
  4. Prepare detailed High Risk EDD reports, which include transactional analysis summaries and negative news findings utilizing using tools such as Internet search engines and other non-documentary search engines
  5. Analyze system generated and manually created alerts for potential suspicious activity
  6. Stay well-informed on current money laundering and terrorist financing behaviors, issues, criminal typologies, industry best practices, regulations, and developing trends  
  7. Flexible to perform other functions as needed
 
QUALIFICATIONS  
 
  • Bachelor's Degree in related fields of business or finance, preferred
  • Minimum 5 years’ experience in BSA/AML Compliance including writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements or applicable experience
  • Proven ability to balance quality and quantity of reports
  • Certified Anti-Money Laundering Specialist (CAMS) designation, preferred.
  • Strong knowledge of the laws applicable to money laundering, including Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements
  • Strong understanding of banking products and services
  • Strong research skills including experience with online search tools
  • Strong proficiency in Microsoft Word, Excel, Access, PowerPoint and Outlook 
  • Strong writing, analytical and communication skills
  • Able to multitask and complete projects on time, often on a tight deadline
  • Strong relationship building skills both internally and externally

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.

Cathay Bank is an equal opportunity employer. It is the Bank’s policy to provide equal employment opportunities to all qualified applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users.  If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Lori Burquez, VP, Sr. Employee Relations Manager, at (626) 279-3666 or lori.burquez@cathaybank.comThis contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
 

Click here to view the EEO is the Law poster in English. Poster- English

Click here to view the EEO is the Law supplement in English.
Supplement- English

 

Clic aquí para ver la EEO es la Ley póster en español. Poster- Spanish 

Clic aquí para ver la EEO es la Ley suplemento en español.Supplement- Spanish

 

击这里查看EEO是法律海报的中文Poster- Chinese

击这里查看EEO是法律和补充條例的中文"Supplement- Chinese

Other details

  • Pay Type Salary
  • Monterey Park, CA, USA