Know Your Customer (KYC) Analyst

United States·Phoenixmid

Legal & ComplianceKyc Analyst

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Quick Summary

Key Responsibilities

The position of KYC Operations Analyst is a part of Financial Crimes Compliance and reports up through the KYC Operations Group.

Technical Tools

Legal & ComplianceKyc Analyst

Know Your Customer (KYC) Analyst

CityScape

Responsibilities

~2 min read

The position of KYC Operations Analyst is a part of Financial Crimes Compliance and reports up through the KYC Operations Group. The KYC Operations Analyst is responsible for reviewing and assessing client information for both individuals and business entities in order to determine AML risk. Analysts will ensure that proper information is collected and verified during initial onboarding and perform various updates and reviews throughout the lifecycle of the client relationship. The Analyst will conduct independent research using various internal systems and external tools to ensure that the bank has properly identified the client, understands our client’s profile and the associated AML risks and has assigned the appropriate level of risk to that relationship.

→Timely analysis of client onboarding information to verify accuracy and completeness
→Performing enhanced due diligence for clients considered in higher risk categories
→Conducting periodic and/or event driven reviews of client relationships
→Thorough documentation of all steps taken during the review process
→Adhere to bank policy, procedure and regulatory requirements and maintain a strict level of confidentiality
→Work in a team oriented and collaborative environment to ensure overall unit goals and deadlines are met
→Establish working relationships with key business partners across all lines of business
→Provide support and guidance to bank’s operational areas and assist with implementation of KYC related programs for the bank
→Assist with special projects and data gathering for audit and/or regulatory purposes
→Assist with internal audit and federal regulatory examinations

2+ years of related experience in BSA/AML & Financial Crimes or similar field.
High school diploma required; Bachelor's degree in related field preferred.
Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Intermediate knowledge of AML risks as they relate to transactional and credit operations of bank products and services.
Understanding of complex business ownership hierarchies and entity types
Ability to meet regulatory deadlines with a sense of urgency while maintaining a high level of professionalism
Intermediate knowledge of business entity documentation (e.g. Articles of Incorporation, Certificate of Good Standing, LLC Agreement, PC’s and Partnerships).
Intermediate speaking and writing communication skills.
Certified Anti-Money Laundering Specialist preferred.

What We Offer

~1 min read

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that remain part of the company’s heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.