Senior BSA Analyst
Introduction:
Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.
Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.
Overview:
East West Bank is currently seeking a Senior Bank Secrecy Act (BSA) Analyst for our Customer Risk Management Group. This person will report up to our FVP/Customer Risk Management Manager in our Pasadena location. The Senior BSA Analyst will review new and existing customer accounts to ensure compliance with BSA and USA Patriot Act and to determine their risk rating profile.The customer reviews include mitigating risk, identifying suspicious activity, escalate important issues, and working with relationship managers and account officers.
Responsibilities:
- Complete Enhanced Due Diligence (EDD) reviews on high risk individuals and entities to determine risk rating profile
- Analyze data and results of existing transaction monitoring reports to determine if further investigation is warranted, if so take appropriate action using EWB financial platform
- Gathers information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, etc.
- Conducts follow-up with account officer for any missing or necessary documentation.
- Reviews results from third-party vendors regarding authentication of identification on individuals and businesses, OFAC and government list, closed for cause, etc.
- Conducts further research
- Escalates to appropriate department
- Develops relationships within appropriate levels of management for issue identification and resolution.
- Prepares and documents analysis on summary write-ups.
- Completes all required training.
- Stay up to date and knowledgeable on BSA/AML/OFAC regulatory requirements and FinCEN guidelines
- Use analytical skills to produce and follow leads, as well as link common or related activities to develop complete picture of suspicious activity and uncover new trends in fraudulent behavior
- Assist BSA Officer/Managers and internal partners on preparing, logging and providing documents/materials per request from law enforcement officials.
- Additional duties as assigned
Qualifications:
- 3-5 years’ experience of BSA/AML/OFAC related activities in financial services industry
- Experience conducting financial crime investigations, money laundering monitoring and/or other related BSA/AML experience
- Banking, operations, BSA & USA Patriot acts background including performing EDD reviews on complex relationships required
- Bachelor’s Degree preferred or equivalent experience
- Familiar with BSA/AML relevant law and regulations both in US and China.
- Well-organized, analytical, and critical thinking skills
- Excellent verbal and written communication
- Fluency in spoken and written English and Mandarin Chinese is essential for this role.
- Strong attention to detail
- Ability to work in a fast paced environment, creative thinker, internet savvy
- CAMS certification preferred; we will pay for certification study for interested candidates
The base pay range for this position is USD $30.00/Hr. - USD $40.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.