WaFd Bank · 1 month ago
BSA/AML EDD Investigator
US-ID-Boise
Full-time
Onsite
Mid Level
3+ years expWaFd Bank is a financial institution seeking an EDD Investigator to serve as an expert research specialist. This role involves conducting enhanced due diligence for high-risk customers, analyzing suspicious activity, and ensuring compliance with BSA/AML regulations.
BankingFinanceFinancial Services
Responsibilities
Responsible for conducting enhanced due diligence regarding high risk customers including retail and different lines of business in a high volume deadline environment
Utilizes a variety of analytical techniques and computer systems to make informed decisions concerning customer account status
Manage cases if potentially suspicious activity from the EDD High Risk Master List and AML monitoring system, including analysis of transaction activity and balances
Ensure that potentially unusual or suspicious transactions are appropriately identified, documented, and SARs are correctly completed and filed in accordance with bank policies, procedures, and regulatory requirements
Ensure that the Bank's internal policies and procedures are adhered to
Escalate EDD cases and/or SARs that do not meet BSA/AML standards to management and follow through to an appropriate resolution
Ensures compliance with BSA/AML related laws and regulations and identifies matters of non-compliance and escalates them to management as necessary for a resolution
Contact the lines of business for additional information as needed
Partners with business partners, as necessary, in researching cases. May direct those business partners in matters of regulatory compliance
Develop and maintain partnerships with federal and state law enforcement agencies to facilitate investigations
Manages multiple complex cases involving matters such as multiple relationship accounts (related parties), tiered and multi-faceted transactions, international wires involving bank designated high risk jurisdictions, and complex cash structuring schemes
Build and maintain awareness of the broader context and implications of various types of high risk affecting the bank in all lines of business
Perform periodic file reviews ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer
Ensure customer due diligence (CDD) is properly performed by the lines of business and EDD is applied in cases where warranted to mitigate AML/TF
Conduct initial reviews of all high risk customers added to the High Risk Program within the Bank
Complies evidence and documentation in compliance with BSA/AML regulatory requirements
Maintains a current through understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal actives, and developing trends
Adherence to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations
Other duties may be assigned
Qualification
Required
Bachelor of Science or Bachelor of Arts degree
Three (3) years of experience in BSA/AML investigations and knowledge executing the responsibilities described above
Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements
High degree of analytical, problem-solving, and organizational, and project management skills
Effective writing, analytical, and communications skills
Ability to work in a fast-paced, deadline-oriented environment
Comprehensive understanding of banking and all types of financial crime patterns, thorough knowledge of the Bank Secrecy Act and the USA PATRIOT Act, as well as a strong understanding of OFAC regulations
Preferred
Relevant industry qualifications in AML (e.g., ACAMS)
Benefits
Paid time off for vacation, sick days and holidays
Health insurance
Stock options
Bonus programs
Generous 7% 401(k) employer matching*
Paid Parental Leave
Life and AD&D insurance
Long-term disability
Tuition Reimbursement
Employee assistance programs
Pre-tax health and dependent-care spending plans
Company
WaFd Bank
WaFd Bank provides banking and financial services.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Joy Barrett
Senior Vice President Banking Division Manager
Colin Murphy
Regional President
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