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First United Bank · 1 day ago

Enhanced Due Diligence Analyst

Sherman, TX

Full-time

Onsite

Entry, Mid Level

2+ years exp

First United Bank is seeking an Enhanced Due Diligence Analyst to ensure compliance with regulatory and internal EDD requirements. The role involves assessing customer risk, conducting research and analysis, and producing financial intelligence to support due diligence investigations.

BankingFinancial ServicesInsuranceLending

Responsibilities

Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes

Utilizes advanced investigative techniques and tools to perform Enhanced Due Diligence by verifying the customer’s identity, reviewing their background, assessing the associated risks, analyzing transactional data, and compiling due diligence files

Conduct investigative/intelligence research of individuals, entities, and/or events related to current or prospective customers through public records, open-source media, vendor systems, or other research tools

Responsible for communicating with internal and external entities, members of the sales team and other risk units

Responsible for submitting Requests for Information (“RFIs”) to the front lines to identify additional information in support of the due diligence investigation and follow-ups to ensure timely receipt

Reviews documentation for existing customers to identify, assess and mitigate KYC risks

Performs more complex investigations into ownership and control to identify all ultimate beneficial owners for KYC risk management purposes

Draft assessment summaries and other written investigative/intelligence products to support judgments, decisions, and recommendations

Trains new employees on current procedures

Responds to inquiries or refers inquiries to the appropriate person and exhibits the necessary follow through with internal and external customers and other staff involved in the investigations

Serves as subject matter expert for Community Bank staff on money laundering risk

Completes all required compliance exams on a yearly basis

Adherence to all First United Policies and Procedures

Dress professionally

Qualification

Banking/Compliance experienceACAMSCFE CertificationBSA/AML regulations knowledgeCriminal Justice degreeMicrosoft Office proficiencyInvestigative skillsCommunication skillsTeamworkConfidentialityInitiative

Required

Minimum 2-3 years Banking/Compliance experience required

High School Diploma or GED required

Knowledge of federal BSA/AML regulations required

Familiar with bank operations in general

Ability to professionally interface (both orally and in writing) with Management and Team members, State and Federal regulators and officials, and business partners

Ability to work with highly-confidential and sensitive business information and to maintain high standards of confidentiality related thereto

Proficient in Microsoft Office or similar software programs

Must possess a high level of initiative and a natural investigative demeanor

Ability to work independently and in a team environment to achieve department goals and objectives consistent with First United's standards of excellence

Must be comfortable managing multiple and/or shifting priorities, and produce professional and accurate work product, sometimes under time constraints

Must possess the desire to increase learning and gain further expertise on AML/BSA/OFAC compliance matters