BSA Lead Analyst
East West Bank
Houston, TX 77024
$30 - $40 an hour
Description
Introduction:
Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.
Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.
Overview:
East West Bank is currently seeking a Bank Secrecy Act Lead (BSA) Analyst for our Anti-Money Launder 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, escalate important issues, and working with relationship managers and account officers. The Lead BSA Analyst performs more complex reviews than BSA Analyst I/II and Senior Analysts and serves as an escalation point for guidance for those analysts when they encounter more complex factors in their assigned reviews.
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 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 list, closed for cause, etc.
- Conduct further research as necessary to complete a comprehensive customer profile
- Escalate to appropriate department as necessary
- Develop relationships within appropriate levels of management for issue identification and resolution
- Prepare and documents analysis on summary write-ups
- Complete all assigned training.
- Stay up to date and knowledgeable on BSA/AML/OFAC regulatory requirements and FinCEN guidelines
- Use analytical skills to produce and follow leads, as well as link common or related activities to develop complete picture of suspicious activity and uncover new trends in fraudulent behavior
- Assist BSA Officer/Managers and internal partners on preparing, logging and providing documents/materials per request from law enforcement officials.
- Additional duties as assigned
- 5-7 years’ experience of BSA/AML/OFAC related activities in financial services industry preferred
- 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 Act background including performing EDD reviews on complex relationships required
- Bachelor’s Degree preferred
- 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 preferred 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
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