Know Your Customer (KYC) Analyst

Western Alliance Bancorporation; Phoenix (AZ); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

401(k) matching

Tuition assistance

Employee volunteer program

Wellness program

Medical and dental insurance

Ownership stake in the company

Job summary

Western Alliance Bank is seeking a Know Your Customer (KYC) Operations Analyst to join the KYC Operations Group. You will review and assess client information for AML risk for individuals and entities, ensuring proper data collection during onboarding and throughout the client lifecycle.

You will perform enhanced due diligence for higher-risk clients and document all steps meticulously. Work in a team-driven environment, collaborating with business partners to meet unit goals.

Qualifications

• 2+ years of related experience in BSA/AML & Financial Crimes or similar field.
• High school diploma required; Bachelor's degree in related field preferred.
• Experience with banking operations and AML regulations is desirable.
• Knowledge of regulatory obligations and industry standards is beneficial.

Responsibilities

• Review and assess client information for AML risk for individuals and entities.
• Ensure proper information is collected and verified during onboarding and lifecycle reviews.
• Conduct independent research using internal systems and external tools to identify clients and risks.
• Document all steps taken during the review process with timeliness and accuracy.
• Adhere to policy, procedure and regulatory requirements with confidentiality.
• Collaborate with business partners across lines of business to meet goals.
• Provide support for KYC-related programs and assist with audits and examinations.
• Assist with special projects and data gathering for regulatory purposes.

Skills

AML risk analysis

Regulatory compliance

Onboarding review

Documentation

Education

Bachelor's degree preferred

Job description

Job Title:

Know Your Customer (KYC) Analyst

Location:

CityScape

What you'll do:

The position of KYC Operations Analyst is a part of Financial Crimes Compliance and reports up through the KYC Operations Group. The KYC Operations Analyst is responsible for reviewing and assessing client information for both individuals and business entities in order to determine AML risk. Analysts will ensure that proper information is collected and verified during initial onboarding and perform various updates and reviews throughout the lifecycle of the client relationship. The Analyst will conduct independent research using various internal systems and external tools to ensure that the bank has properly identified the client, understands our client's profile and the associated AML risks and has assigned the appropriate level of risk to that relationship.

• Timely analysis of client onboarding information to verify accuracy and completeness
• Performing enhanced due diligence for clients considered in higher risk categories
• Conducting periodic and/or event driven reviews of client relationships
• Thorough documentation of all steps taken during the review process
• Adhere to bank policy, procedure and regulatory requirements and maintain a strict level of confidentiality
• Work in a team oriented and collaborative environment to ensure overall unit goals and deadlines are met
• Establish working relationships with key business partners across all lines of business
• Provide support and guidance to bank's operational areas and assist with implementation of KYC related programs for the bank
• Assist with special projects and data gathering for audit and/or regulatory purposes
• Assist with internal audit and federal regulatory examinations

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.
• Understanding of complex business ownership hierarchies and entity types
• Ability to meet regulatory deadlines with a sense of urgency while maintaining a high level of professionalism
• 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, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

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