BSA Analyst I

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview

East West Bank is currently seeking a Bank Secrecy Act (BSA) Analyst I for our BSA Group. This person will report up to the BSA Manager in our Pasadena location. The BSA Analyst I will review new banking prospects and newly onboarded clients to ensure compliance with BSA and USA Patriot Act and to decision on a prospect’s account opening status. The prospect reviews include conducting identity verification and authentication checks, reviewing OFAC alerts, performing negative news searches, assessing the overall reasonableness of the prospect’s KYC information, and working with relationship managers and digital banking team members to resolve issues on a timely basis.

Responsibilities

• Complete KYC reviews of the bank’s digital banking prospects who are not automatically decisioned during the digital onboarding process
• Complete a post onboarding KYC review for all new clients, including performing high level due diligence research on the prospect on the internet and/or using vendor solutions, reviewing OFAC alerts and assessing screening results, conducting negative news searches, and evaluating prospects’ documentation and KYC information for legitimacy
• Conduct retrospective KYC reviews of customers after onboarding to look for anomalous trends and escalate red flags when identified.
• Work closely with the digital and traditional banking team members, including product managers, account managers, customer service, and IT to resolve production issues.
• Stay up to date and knowledgeable on BSA/AML/OFAC regulatory requirements and FinCEN guidelines
• Assist BSA Officer/Managers and internal partners on preparing, logging, and providing documents/materials per request from law enforcement officials.
• Perform additional duties as assigned
  
  

Qualifications

• 1-3 years of experience in BSA/AML/OFAC-related activities in financial services industry
• Experience conducting KYC reviews, money laundering monitoring, and/or other related BSA/AML experience
• Banking, fraud, digital fintech, BSA & USA Patriot Act background preferred
• Bachelor’s Degree preferred or equivalent experience
• Well-organized, analytical, and critical thinking skills
• Excellent verbal and written communication
• Strong attention to detail
• Ability to work in a fast-paced environment, creative thinker, internet savvy
• Professional working proficiency in Mandarin is a plus.
  
  

Compensation

The base pay range for this position is USD $24.00/Hr. - USD $32.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.