Business Enhanced Due Diligence Specialist II

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. This role will be in Miami, FL, Charlotte, Raleigh, NC or Phoenix, AZ.

As a part of the Enhanced Due Diligence (EDD) team, the Business Enhanced Due Diligence Specialist II will support the General Bank within the first line Enhanced Due Diligence program. This position is responsible for conducting enhanced due diligence on client segments that may pose a risk for sanctions, money laundering, and terrorist financing or reputation risk in support of all legal and regulatory requirements as a large financial institution. The primary focus of this role is to review clients with nexus to sanctioned jurisdictions and high-risk countries. You will be tasked with conducting enhanced due diligence reviews of prospective and existing clients, ensuring that they are compliant with FCBs enhanced due diligence requirements.

Some responsibilities include:

• Perform thorough EDD reviews on new and existing clients, ensuring compliance with regulatory requirements and internal policies, completing in a timely & quality manner.
• Assists with identifying and managing existing and emerging sanctions risks identified through reviews.
• Serve as subject matter expert and ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions and AML regulations.
• Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures and best practices, promoting a culture of compliance.

• Enhanced Due Diligence Reviews - Perform thorough EDD reviews on new and existing clients, ensuring compliance with regulatory requirements and internal policies, completing in a timely & quality manner. Conduct in-depth analysis of client profiles, business activities and ownership structures to assess sanctions, money laundering, terrorist financing, and other financial crime risks. Review and verify applicable documentation to ensure accuracy and completeness of KYC information. Assist clients and prospects in establishing the proper control environment to ensure compliance with the Bank's requirements.
• Risk Analysis - Assists with identifying and managing existing and emerging risks identified through reviews. Conduct assessments and profiling of prospects and clients through the EDD process based on their risk factors including business type and any applicable geographical risks. Identify and communicates opportunities to automate/streamline quality and risk management efforts.
• Regulatory Compliance - Ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions and AML regulations. Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards.
• Communication -Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures and best practices, promoting a culture of compliance.

Bachelor's Degree and 1 years of experience in Financial Services and First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk

OR

High School Diploma or GED and 5 years of experience in Financial Services and First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk

Preferred Qualifications:

• Advance degree
• CAMS Certification
• Experience and interest in Sanctions/OFAC and current international events.
• Experience in Enhanced Due Diligence.
• Knowledge of risk techniques, practices, and control frameworks.
• Knowledge of various banking and government regulatory requirements and processes.
• Ability to work effectively with associates, senior management, and various committees.
• Knowledge of regulatory guidance pertaining to enterprise risk and operational risk.