• Job Description

  Req#: 11561

  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 Lead (BSA) Analyst for our Customer Risk Management Group. The Lead 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.

  Responsibilities

  • 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.
  • As needed, the BSA Lead analyst will assist management with quality control responsibilities and analyzing complex scenarios involving suspicious activity and/or money laundering.
  • Conduct quality control assessments on alerts, cases, and EDD reviews.
  • Provide feedback and training to EDD analysts on how to improve their EDD files for regulatory standards and requirements.
  • Ability to professionally communicate with (both orally and in writing) first line of defense and senior Management
  • Additional duties as assigned

  Qualifications

  • 5-7 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 and/or legal and compliance experience
  • Banking, operations, BSA & USA Patriot acts background including performing EDD reviews on complex relationships required
  • Bachelor’s Degree
  • 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

  Compensation

  The base pay range for this position is USD $30.00/Hr. - USD $40.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

• About the company

  East West Bank, the primary subsidiary of East West Bancorp, Inc.,

Notice