CBB Bank - Commonwealth Business Bank · 2 months ago
Enhanced Due Diligence Analyst II
Commonwealth Business Bank, Los Angeles, CA, US
Full-time
Onsite
Mid, Senior Level
$58K/yr - $70K/yr
3+ years expCBB Bank - Commonwealth Business Bank is committed to compliance with banking regulations, and they are seeking an Enhanced Due Diligence Analyst II to conduct EDD reviews and ensure adherence to the Bank Secrecy Act and related regulations. The role involves analyzing suspicious activities and supporting the BSA Officer and KYC Team Lead in maintaining a robust AML program through detailed investigations and reporting.
BankingCommercial LendingFinancial Services
Responsibilities
Perform EDD reviews for high-risk customers, including complex ownership structures, foreign entities, and politically exposed persons (PEPs)
Validate Customer Due Diligence (CDD) documentation for completeness and accuracy
Identify additional risk indicators and recommend appropriate risk ratings
Conduct risk assessments for new accounts to ensure compliance with Customer Identification Program (CIP) and Know Your Customer (KYC) requirements
Verify beneficial ownership information and screen against sanctions lists
Review and disposition OFAC alerts in accordance with regulatory requirements and internal procedures
Escalate potential matches for further investigation and maintain detailed documentation of findings
Retrieve and analyze data from internal and external sources to support investigations
Prepare clear and concise referrals to the SAR team for potential suspicious activity reporting
Respond to 314(a) law enforcement requests by screening customer and transaction data and reporting positive matches promptly
Maintain current knowledge of BSA/AML/OFAC regulations, industry trends, and investigative techniques
Complete all required compliance training within assigned deadlines
Ensure adherence to all bank policies, procedures, and regulatory requirements
Qualification
Required
Minimum 3–5 years in BSA/AML compliance, with emphasis on EDD, KYC, and sanctions screening
Strong analytical, investigative, and problem-solving skills
Excellent written and verbal communication skills
Proficiency in Microsoft Office (Word, Excel, Outlook) and AML monitoring systems
Ability to manage multiple priorities in a fast-paced environment while maintaining accuracy and attention to detail
High level of professionalism, confidentiality, and integrity
Preferred
Bachelor's degree in business, finance, or related field preferred; CAMS or equivalent certification strongly preferred
Company
CBB Bank - Commonwealth Business Bank
Commonwealth Business Bank, as known as CBB Bank, is a full-service business-focused bank established in 2005.
51-200 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2019-04-04IPO
Leadership Team
Jin Kim
Chief Credit Officer
Leonard Zazula
EVP & Chief Information Officer
Recent News
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