• Enhanced Due Diligence

    Job Locations US-FL-Miami
    Posted Date 6 days ago(7/12/2018 6:36 PM)
    Job ID
    # of Openings
  • Overview


    Position Summary


    Assists in the coordination, administration and management of the enterprise-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and reporting for OFAC laws and regulations. Contribute to the day-to-day activities of the AML/BSA Compliance department by providing ideas and suggestions adapting to the fast changing environment of the department, always performing those responsibilities in accordance with the Company's policies and applicable laws. Responsible for performing enhanced due diligence, record keeping requirements, investigation of customers, ensuring proper risk ratings, completion of on-site/off-site reviews, and the maintenance of associated documentation and reporting findings to the BSA/AML Compliance Manager.




    Duties and Responsibilities

    • Perform enhanced due diligence (EDD) reviews and research of customers, including reviews of transaction activity, Compliance Definition Documents (CDD), and interviews with customers.
    • Ensure CDD is collected at agent onboarding, and is periodically updated during the customer relationship. (based on agent risk models in accordance with departmental processes and procedures).
    • Conduct, review and evaluate EDD reports on new and existing customers as appropriate.
    • Ensure accurate data collection to comply with the company’s Customer Identification Program (CIP).
    • Perform customer screening for money service businesses (MSB), politically exposed persons (PEP), OFAC, negative news, etc. and escalate alerts or other adverse news findings to management.
    • Document EDD review findings in the appropriate databases including all pertinent facts and information to support result.
    • Complete EDD reviews in a timely and efficient manner.
    • Elevate questions and concerns to the team lead as needed to make determinations and close EDD reviews.
    • Assist with preparation and delivery of AML and other compliance training.
    • Maintain awareness of regulatory updates and incorporate process and procedural changes into the EDD review process as directed by management.
    • Assist in the development, improvement, and review of the Compliance Monthly report (includes review of risk matrix, transactional data, unusual activity, and executive summary).
    • Preparation of the monthly compliance internal audit report.
    • Establishes documented short-term and long-term objectives for all projects and assignments.








    1 -2 years college Degree.

    At least three (3) year experience in the field or related area.

    BSA/AML knowledge.

    Fully Bilingual with excellent written and verbal communication skills, Microsoft Office proficiency in Excel, and data mining.

    Analytical, managerial and organizational skills.

    Ability to work independently with excellent communication line with direct report.


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