Business Analyst III - Baltimore, United States - Phaxis

Description

Top Skill Sets:

Understanding of KYC and BSA/AML regulations, Enhanced Due Diligence, understanding of foreign and domestic business entities and structures, and ability to review legal documentation in collaboration with Financial Advisors.

Coordinating and collecting- Know Your Client (KYC) information, completing legal documentation reviews, and performing Enhanced Due Diligence (EDD) on our Bank clients.

Reviews involve interaction with Financial Advisor, Client Service Associates, and Risk Officers in order fulfill the EDD reviews.


Duties:

Provide support of Bank BSA/AML Know Your Client and Enhanced Due Diligence (EDD) processes for the First Line Bank Risk team.

Partner with the Business Unit, including Financial Advisors and Branch Risk Officers, to ensure appropriate client on-boarding due diligence processes are enacted while providing a positive client experience.

Assist in the coordination of Bank Periodic Review process to ensure continued knowledge of Bank client base and any material changes to client information.

Coordinate with the Second Line of Defense Bank AML Compliance teams to monitor client relationships on an ongoing basis.
Actively identify, measure, control, and remediate AML Risk issues with partners in Bank AML Compliance and the Business Unit.


Skills Required:
Have an undergraduate degree in Business, Finance, or other related field.

Have 2+ years of relevant experience in BSA/AML Compliance, Know Your Customer, Enhanced Due Diligence, and Customer Identification Program requirements.

Ability to work both independently and with team members, as well as providing support for multiple team managers, under tight deadlines.

Evidence strong interpersonal skills and ability to communicate effectively both verbally and in writing.
Be able to handle highly confidential information professionally and with appropriate discretion.
Fluency in Spanish preferred, but not required.

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