Senior Associate/ Specialist, Senior BSA Analyst

East West Bank is currently seeking a Senior Bank Secrecy Act (BSA) Analyst for our Customer Risk Management Group. The Senior BSA Analyst will review new and existing customer accounts to ensure compliance with BSA and USA Patriot Act and to determine their risk rating profile, including both domestic and cross border customers. The customer reviews include mitigating risk, identifying suspicious activity, escalate important issues, and working with relationship managers and account officers.

• Complete Enhanced Due Diligence (EDD) reviews on high risk individuals and entities to determine risk rating profile
• Analyze data and results of existing transaction monitoring reports to determine if further investigation is warranted, if so take appropriate action using EWB financial platform
• Gathers information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, etc.
• Conducts follow-up with account officer for any missing or necessary documentation.
• Reviews results from third-party vendors regarding authentication of identification on individuals and businesses, OFAC and government list, closed for cause, etc.
• Conducts further research
• Escalates to appropriate department
• Develops relationships within appropriate levels of management for issue identification and resolution.
• Prepares and documents analysis on summary write-ups.
• Completes all required training.
• Stay up to date and knowledgeable on BSA/AML/OFAC regulatory requirements and FinCEN guidelines
• 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 fraudulent behavior
• Assist BSA Officer/Managers and internal partners on preparing, logging and providing documents/materials per request from law enforcement officials.
• Additional duties as assigned

• 5 - 8 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
• Familiar with BSA/AML relevant law and regulations both in US and China.
• Well-organized, analytical, and critical thinking skills
• Excellent verbal and written communication
• Fluency in spoken and written English and Mandarin Chinese is essential for this role.
• Strong attention to detail
• Ability to work in a fast paced environment, creative thinker, internet savvy
• CAMS certification preferred; we will pay for certification study for interested candidates