Financial Crimes Enhanced Due Diligence Analyst

Financial Crimes Enhanced Due Diligence Analyst

When you join the Members 1st team, you become part of something much bigger than a credit union. You become part of our faM1ly—a tight-knit bunch with big dreams and even bigger values. It is an exciting time for us as we continue to grow, and we hope that you will choose to grow along with us. Wanting the absolute best for our associates means more than just competitive pay.

It means fantastic healthcare, paid benefits, opportunities for professional advancement and work-life balance - and best of all, a place where you are accepted and respected for your individuality.

The Financial Crimes Enhanced Due Diligence Analyst assists in maintaining compliance with the credit union's Customer Identification Program (CIP), Customer Due Diligence (CDD) Program, and Beneficial Ownership process under The Bank Secrecy Act. It supports daily operations related to all aspects of these Programs and processes, and complying with both The Bank Secrecy Act (BSA) and Board BSA Policies. The position performs sample reviews of CDD files for completeness, quality, and compliance.

It also performs research related to the Enhanced Due Diligence (EDD) aspects of the BSA Program. The position reviews business account documentation and information reviews to identify discrepancies that result in non-compliance and BSA Policy violations. It reports the issues to business unit and BSA management.

The Financial Crimes Enhanced Due Diligence Analyst performs high-risk account monitoring and documents Policy exceptions. The position works with business units to evaluate the specific risks associated with new and existing high-risk customers through customer due diligence reviews, suspicious activity reviews, and identifying related ownership interest. The Financial Crimes Enhanced Due Diligence Analyst maintains the due diligence database to help ensure compliance with EDD and Beneficial Ownership requirements.

Additionally, the role conducts all risk rating duties related to new consumer accounts. Finally, the position performs periodic monitoring of high-risk members and due diligence on high-risk accounts through anti-money laundering software and conducts complex investigations of high-risk members and businesses.

• Advanced analytical and problem-solving skills
• Strong skill level for math computation
• Advanced written and communication skills
• Interpersonal skills to work with various levels within the organization
• Advanced knowledge of financial institution products, policies, and transaction processes

• Accountability and self-management
• Communication
• Effective knowledge
• Innovation and problem-solving
• Teamwork and leadership

Ability to communicate effectively in English, both orally and in writing. Visually able to perform activities such as preparing and analyzing data and figures, viewing a computer terminal, and extensive reading. Ability to sit for extended time periods. Sufficient manual skill for operation of PC keyboard and other standard office equipment. Ability to travel, including occasional overnight travel. Ability to exert minimum amounts of force occasionally to lift, carry, push, pull or move objects.

1-3 years of related experience

Does this position require a valid Drivers License?

No

General and business knowledge equivalent to an associate's degree

None

At Members 1st, we look for individuals who will show up as their whole self because we value diversity, inclusion, and belonging, as well as people who believe in the philosophy of, WE>me. To be sure you align with our company mission, vision, values and culture reference the information below.

Company Culture is at Our Core

If there is one concept, we want you to understand about us, it is this. WE. It is a simple little word but means everything here. We think as one. One faM1ly. One community. One place where everyone belongings. Everything we do is in the best interest of all of us.

What WE Believe

Our Missions: WE serve our members, associates, and communities through support, empowerment, and…