The focus of the Investigation & Analysis Group (‘IAG’) is to perform enhanced due diligence on either new or existing relationships in an effort to protect the Bank form anti-money laundering (AML), counterparty or reputational risk.
Responsible for conducting screening and searches of existing and prospective clients as well as their respective key personnel, directors and beneficial owners, against proprietary as well as external databases (i.e., World-Check, Dow Jones Watchlist, ) and the internet to uncover adverse media, OFAC sanctions risk and/or politically exposed persons.
Identify and risk rate Politically Exposed Persons (PEPs) based on guidelines provided by Global Compliance
Liaise with Business Officers, Compliance and Legal to obtain necessary information and follow-up
Escalate negative news findings to senior IAG staff for investigation
Alert senior IAG staff if documentation or identification appears to be fraudulent or suspicious
Respond to inquiries from business partners, Client Acceptance Review Department (“CARD”), and Client On-boarding (“COB”), and Global Due Diligence Teams regarding appropriate KYC/CIP documentation from clients
Follow-up with appropriate department for missing or outstanding documents whenever necessary
4 + years related experience in AML, Audit, Enhanced Due Diligence and/or OFAC/sanctions; specific experience managing complex investigations or reviews within a financial institution or governmental entity.
Knowledge of external compliance screening databases (World-Check, Lexis/Nexis, Dow Jones Watchlist, Accuity, PRIME)
Knowledge of the USA PATRIOT Act, Bank Secrecy Act, 3rd European Directive, FCPA, OFAC and related AML regulations
Demonstrate awareness of various types of corporate entities – hedge funds, asset managers, pension funds, limited, private and public companies, holding companies, trusts etc.
Ability to comprehend and parse and/or interpret complex organizational and corporate structures for ownership percentage, subsidiary breakdown or merger activity
Team player willing to accept challenges large and small and meet them under time pressure.
Strong analytical ability and attention to detail
Strong organizational and written communication skills
Utmost discretion when handling sensitive and confidential material
Ability to work effectively and collaboratively with business partners and senior staff and management in a global organization to achieve desired objectives
Strong research skills, advanced skills in the use of Microsoft Word, Access, Excel, Powerpoint,, Outlook, and experience with the Internet and on-line research systems.
Fluency or working competence in another language (Spanish, French, German, Italian…) preferred.
Bachelor degree required
Certified Anti-Money Laundering Specialist (“CAMS”) a plus.