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WSFS Bank · 3 weeks ago

Cash Connect Compliance Analyst II

Newark, DE

Full-time

Onsite

Mid Level

$47K/yr - $78K/yr

3+ years exp

WSFS Bank is a locally headquartered bank and wealth management company that values inclusivity and community engagement. The Compliance Analyst II will support the Cash Connect Due Diligence Team Lead in ensuring compliance with BSA and AML regulations, conducting onboarding for clients, and analyzing client financial information to mitigate risks.

BankingFinanceFinancial Services

Responsibilities

Conduct comprehensive onboarding reviews for new and existing clients including verification of CIP and KYC information

Evaluate client risk by reviewing business models, ownership structures, source of funds, expected activity and geographic exposure

Perform Enhanced Due Diligence (EDD) on clients

Review business formation documents, beneficial ownership information licensing and AML program documentation (when applicable)

Conduct OFAC and sanctions screening including clearing potential name matches, false positives and escalation of true hits

Research negative news, PEP exposure, regulatory actions and legal risks to support onboarding decisions

Analyze account information, transaction expectations and external data sources to identify unusual patterns or elevated AML risk

Recommend approval, conditional approval or denial of onboarding requests with well supported documentation and rationale

Collaborate with internal stakeholders to communicate compliance requirements and manage onboarding escalations

Prepare written summaries outlining findings, risk factors and recommendations for review by Team Lead

Assist in compiling information for regulatory examinations, internal audit and compliance testing

Stay current with regulatory changes, emerging financial crime risks and industry best practices

Responsible for tracking and obtaining site visit forms

Responsible for ensuring proper compliance for profile change management

Provide periodic updates to Team Lead regarding status of potential clients in pipeline

Assist in the organization’s efforts to prevent money laundering, terrorist financing and other illicit financial activities

Responsible for training new and current associates for compliance related

Perform and assist in projects as requested by Team Lead

Qualification

BSA/AML complianceKYC proceduresCIP regulationsCAMS certificationRisk analysisMicrosoft OfficeCommunication skillsOrganizational skillsAttention to detail