Senior AML & High-Risk EDD Analyst

Cathay Bank; Monterey Park (CA); On-site; USD 44,000 - 48,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability

FSAs

HSA

401(k)

Job summary

Cathay Bank in California is seeking a Senior High Risk Enhanced Due Diligence Analyst to review AML and CDD alerts and conduct annual High Risk EDD reviews for high-risk clients. The role requires strong analytical skills, judgment, and confidentiality, with ownership of the learning process and collaboration with branches and business lines.

You will prepare detailed EDD reports, assess sources of wealth, negative news, and regulatory changes, and stay current on AML trends while ensuring

Qualifications

• Bachelor’s degree in business or finance, preferred.
• CAMS designation preferred.
• Minimum 3 years’ experience in BSA/AML Compliance including SARs writing.
• Proven ability to balance quality and quantity of reports.
• Strong writing, analytical and communication skills.
• Knowledge of BSA/AML laws, OFAC, and related regulations.

Responsibilities

• Conduct comprehensive investigations of clients using CIP information, occupation, line of business, income methods, and activity identified by AML solution.
• Coordinate with branches and business lines for profile clarification.
• Perform transaction analysis across various businesses and purposes of accounts.
• Prepare detailed High Risk EDD Reports for complex relationships and high-risk clients.
• Analyze system generated and manual alerts for high-risk reviews and SARs.
• Stay informed on AML trends and regulatory developments.

Skills

Analytical skills

Writing skills

Communication skills

Multitasking

Education

Bachelor’s Degree in business/finance

CAMS designation

Tools

Microsoft Word

Excel

Access

PowerPoint

Outlook

Job description

Cathay Bank in California is seeking a Senior High Risk Enhanced Due Diligence Analyst to review AML and CDD alerts and conduct annual High Risk EDD reviews for high-risk clients. The role requires strong analytical skills, judgment, and confidentiality, with ownership of the learning process and collaboration with branches and business lines.

You will prepare detailed EDD reports, assess sources of wealth, negative news, and regulatory changes, and stay current on AML trends while ensuring