Financial Crimes BSA/AML Enhanced Due Diligence Analyst - Hoover, United States - Regions

Description

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

At Regions, the Financial Crimes Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Enhanced Due Diligence (EDD) Analyst is responsible for performing holistic due diligence reviews in support of the Bank's BSA/AML Know Your Customer (KYC) policies and procedures. The BSA/AML EDD program is designed to review higher-risk customers and their activity closely at account opening and periodically thereafter.

Primary Responsibilities

• Ensures compliance with BSA/AML related laws and regulations and identifies matters of noncompliance and escalates them as necessary for resolution
• Conducts initial and periodic reviews when certain events occur that may raise the risk profile for certain customer relationships
• Analyzes accounts and customer information according to prescribed internal policies and procedures
• Compiles and assesses customer due diligence research, documentation, investigative and monitoring reports, and prepares detailed reports of findings
• Performs customer enhanced due diligence including investigative and monitoring reviews utilizing internal and third-party research tools
• Operates under close supervision of more seasoned team members and/or team leadership

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

• High School Diploma or GED
• One (1) year of experience in branch management, platform, BSA/AML, financial crimes, fraud, loss prevention, corporate security, or related field
• Bachelor's degree in related field may substitute experience

Preferences

• Bachelor's degree
• Previous BSA/AML experience, preferably in EDD or KYC/Customer Due Diligence (CDD)
• Bilingual, English/Spanish
• Association of Certified Anti-Money Laundering Specialists (ACAMS), Certified Fraud Examiner (CFE), or similar compliance certification

Skills and Competencies

• Ability to assess risk as well as advise management of risk(s)
• Ability to deal with all levels of personnel in a courteous and efficient manner
• Ability to multi-task and set priorities
• Ability to work in a collaborative environment, as well as independently
• Ability to work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with interruptions and changing priorities
• Detail oriented, analytical, and critical thinking skills
• Experience with case management systems, databases, and similar automation
• Knowledge of BSA/AML, KYC/CDD and Financial Crimes Enforcement Network (FinCEN) related laws and regulations
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Verbal and written communication skills
• Previous experience with Fraud, Financial Crimes or AML is highly preferred for this role.

*This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.

This position must be within a reasonable driving distance to a Branch, Consumer Operations, or Professional Office Building with the primary location being for Birmingham, AL, Nashville, TN, Atlanta, GA or Charlotte, NC. Regions will not provide relocation assistance for this position, and relocation would be at your expense. Exceptions to the geographic location requirement may be made for current Regions associates who work remotely.

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

50th Percentile:

Incentive Pay Plans:

Location:

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.