Know Your Customer (KYC) Analyst

westernalliancebank; Phoenix (AZ); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Competitive salary

Ownership stake

Medical insurance

Dental insurance

Time off

401k matching

Tuition assistance

Volunteer program

Wellness program

Job summary

Western Alliance Bank, CityScape, is seeking a Know Your Customer (KYC) Analyst to perform holistic due diligence reviews of high or moderate risk customers in support of BSA/AML/KYC policies.

You’ll evaluate risk at onboarding and conduct periodic reviews, research customer information against databases such as OFAC and CLEAR, and document findings for escalation.

The role collaborates with AML Operations and business partners to ensure programs are understood and effective.

Qualifications

• 2+ years in BSA/AML or related financial crimes field.
• High school diploma; bachelor’s degree preferred.
• Experience with banking operations and regulatory obligations.
• Knowledge of AML risks in transactional and credit operations.
• Familiarity with customer due diligence and enhanced due diligence.
• Certified Anti-Money Laundering Specialist preferred.

Responsibilities

• Perform due diligence reviews of high- or moderate-risk customers per BSA/AML/KYC policies.
• Evaluate risk at onboarding and conduct periodic reviews.
• Research customer information against databases (OFAC, CLEAR) to identify risks.
• Investigate customer profiles, transaction history, and activities; document findings.
• Assist in enhanced due diligence reviews and related procedures.

Skills

BSA/AML knowledge

Communication

Regulatory awareness

Financial crimes

AML risk

Education

High school diploma

Bachelor's degree preferred

Tools

OFAC

CLEAR

Job description

Job Title: Know Your Customer (KYC) Analyst

Location: CityScape

What you'll do.

• As an Know Your Customer (KYC) Analyst you'll perform holistic due diligence reviews of High or Moderate Risk Customers in support of the Bank's BSA/AML/KYC policies and procedures.
• You’ll evaluate risk presented by customers at initial onboarding and conduct complex reviews periodically throughout the customer relationship.
• You’ll research and analyze customer information to identify customers that may present a higher degree of risk for money laundering and other financial crimes, or other BSA related risks identified through automated risk scoring and supplemental risk detection and investigation.
• Conduct rigorous and thorough reviews of customer and business information; gaining a deep knowledge of the customer's profile, transaction history and future activity; thoroughly investigates the activity and documents any findings or determinations; escalates items appropriately for further research and analysis.
• Perform Enhanced Due Diligence reviews to evaluate money laundering, sanctions, and other financial crime risk of prospective customers, and of existing customers on a periodic basis.
• Provide technical support and assistance to business development officers. Research customers and businesses on internal systems and against various databases (OFAC, CLEAR, etc.). Collaborates with business partners to ensure BSA/AML/KYC programs are understood, functioning, and effective.
• Assist Enhanced Due Diligence Manager and AML Operations Director with activity reports, audit material preparation, and special projects. Support Financial Crimes Compliance management in the development of new and revised procedures, methods, and forms that related to KYC, AML, and other Bank Secrecy Act functions.

What you’ll need.

• 2+ years of related experience in BSA/AML & Financial Crimes or similar field.
• High school diploma required; Bachelor's degree in related field preferred.
• Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate knowledge of AML risks as they relate to transactional and credit operations of bank products and services.
• Intermediate knowledge of business entity documentation (e.g. Articles of Incorporation, Certificate of Good Standing, LLC Agreement, PC's and Partnerships).
• Intermediate speaking and writing communication skills.
• Certified Anti-Money Laundering Specialist preferred.

Benefits you’ll love.

We offer all the important things you'd want - like

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program

About the company.

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email [e-mail] or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

© Western Alliance Bancorporation