BSA QC Analyst

East West Bank is currently seeking a BSA QC Analyst. The BSA QC analyst’s primary functions include completing SAR investigations/filings, periodic EDD reviews of the bank's high-risk customers and assist with QA of SAR and EDD reviews as needed. The customer reviews cover the full end-to-end BSA monitoring process such as performing initial/ongoing due diligence and mitigating risk, monitoring AML transaction alerts, identifying and reporting suspicious activity, escalate pertinent issues, while working closely with relationship managers, account officers and/or customers in addition to BSA management throughout the process.

• Assist BSA Manager/supervisor with QA activities
• Review and approve SAR/EDD reviews for content, verbiage, backup documents and overall correctness. Ensure timely completion of assigned duties.
• Perform research, analysis, and investigation of SAR and periodic EDD files
• Escalate potentially suspicious activity findings to management
• Gather information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, etc.
• Conduct follow-up with account officer for any missing or necessary documentation.
• Make recommendation for account closure.
• Monitor and perform periodic enhanced due diligence reviews of approved high risk individuals and entities based on customer’s risk profile
• Review and make decision on AML/ suspicious transaction monitoring alerts and file initial and supplemental suspicious activity reports (SAR) to FinCEN on a timely basis, as warranted.
• Analyze data, review customer documentation (e.g. invoices, POS reports, and manifests) and results of existing transaction monitoring reports to determine the level of further investigation warranted, and take appropriate action.
• Gather information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, court records, government agencies, etc.
• Proactively stays up to date and knowledgeable on internal policies, procedures, BSA/AML/OFAC and related regulatory requirements, FinCEN guidelines, local/state requirements and industry practices.
• Use analytical skills to produce and follow leads, as well as link common or related activities to develop complete picture of suspicious activity and uncover new trends in suspicious behavior

• 5+ years’ experience of BSA/AML/OFAC related activities in financial services industry
• Experience conducting financial crime investigations, money laundering monitoring and/or other related BSA/AML experience
• Banking, operations, BSA & USA Patriot acts background including performing EDD reviews on complex relationships required
• Bachelor’s Degree preferred or equivalent experience
• Well-organized, analytical, and critical thinking skills
• Excellent verbal and written communication
• Strong attention to detail, writing skills
• Ability to work in a fast paced environment, creative out-of-the-box thinker, internet savvy, solutions oriented, handle tight deadlines, adaptable to changes in requirements
• Able to meet production and quality goal requirements set by BSA management
• Experience with NICE Actimize preferred
• CAMS certification preferred
•