Customer Intelligence Unit Analyst

Description

This position can be worked out of any of our Choice locations, ideally in Fargo.

The Customer Intelligence Unit Analyst plays a role in ensuring compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. This role is responsible for the review of customers, identifying risk factors, and overall contributes to preventing illicit financial activities. This position involves analyzing policies and procedures, evaluating customer behavior, and maintaining accurate records.

Responsibilities

Customer Onboarding Enhance Due Diligence (EDD) Reviews

• Complete KYC enhanced due diligence reviews for new high-risk customers.
• Review CIP documentation, Beneficial Ownership forms, Office of Foreign Asset Control (OFAC) screening, vendor databases, and proprietary data.
• Ensure all necessary information is included in the KYC profiles of our customers to meet regulatory and legal requirements.
  
  

Customer Periodic Reviews

• Complete KYC enhanced due diligence reviews for existing high-risk customers.
• Review Customer Identification Program (CIP) documentation, beneficial ownership, OFAC screening, vendor databases, and proprietary data.
• Analyze client transaction data, verify documentation on file is in line with KYC Procedure and conduct negative news screening.
• Determine the client’s risk profile based on established procedures.
• Track and report documentation discrepancies.
  
  

CDD/EDD Alert Review

• Evaluate customer risk profiles based on transaction patterns, source of funds, and other relevant factors.
• Collaborate with compliance and risk management teams to identify potential risk and recommend risk mitigation strategies.
• Stay informed of relevant regulations (i.e. Anti-Money Laundering, Bank Secrecy Act) and ensure adherence.
  
  

Requirements

Qualifications

• 4 to 6 years of relevant experience with requisite competencies
• Associate's degree in finance, Accounting, Business, Economics, Criminal Justice, similar or relevant experience.
• A foundational understanding of the Bank Secrecy Act, USA PATRIOT Act, and other relevant AML regulations. Knowledge of international AML standards (e.g., FATF).
• Analytical and attention to detail skills to detect and identify risks.
• Ethical behavior and a professional code of conduct is crucial, as BSA/AML Analysts often handle sensitive financial information.
• The ability to work collaboratively with colleagues, compliance officers, and other relevant teams is important for effective risk management.
  
  

The base salary for this role is listed below. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience and geographic location. Full time employees are also eligible for a competitive bonus and benefits package. Check out bankwithchoice.com/careers for an outline of current benefit offerings.