Job Information
Midwest One Bank Sr. BSA Due Diligence Analyst in United States
Overview
At MidWest One, our people are number one in everything we do. We are a community bank with a culture based on integrity and customer care. The people on our team are the foundation of our success. If you're ready to work for an organization that values you, develops your talents and helps you grow personally and professionally, then look no further.
The primary duty of the EDD Analyst is supporting the bank’s various AML and Customer Due Diligence processes by performing enhanced due diligence reviews on higher risk customers. This would include but not be limited to, analyzing transactional and demographic information, conducting investigations for potential suspicious activity, and evaluating customer risk factors.
Responsibilities
Perform, analyze, and document Enhanced Due Diligence (EDD) reviews of the Bank’s high-risk customers in alignment with procedures and policies.
Validate and document high-risk ratings assigned to the Bank’s customers as well as any mitigating factors to maintain an appropriate review cadence.
Initiate and manage customer outreach to obtain relevant information and documentation to facilitate ongoing reviews.
Maintain organized and accurate recordkeeping of EDD reviews and conclusions.
Assist the BSA Administrative Officer in maintaining, updating, and revising relevant policies and procedures to comply with regulatory changes and expectations.
Identify and escalate unusual or suspicious behaviors across bank business and product lines.
Remain current on BSA/AML related issues and regulatory requirements.
Other duties may be assigned.
The Perks!
Competitive base compensation with additional performance-based incentives (incentives vary depending on role)
Career development and c ontinuous learning opportunities
Paid Time Off, Paid Holidays, Parental/Grandparent Leave, and more
100% vested 401(k) Retirement Plan with company match
Medical, Dental, and Vision insurance
Flex spending plan & Health savings accounts with employer contribution
Student Loan Debt Reduction Program & Tuition Assistance Plan
Employee Stock Ownership Plan
Employer provided group life insurance with option to purchase additional life insurance for you and your family members
Employer provided long term and short term disability insurance
Additional Insurance options to meet your personal needs: Critical Illness and Accident insurance
Wellness Program
Free banking services and other financial services discounts
Take Your Dog to Work Day in June
Employee Rally Day- a day of celebration and recognition !
Qualifications
Bachelor’s degree or equivalent combination of post high school education and related work experience.
5 years of relevant BSA/AML analysis, fraud, compliance related experience with an emphasis on Enhanced Due Diligence.
Strong knowledge of BSA regulations and policy requirements.
CAMS certification preferred.
Experience and expertise regarding the Verafin monitoring application preferred.
In depth analytical thinking and the abilty to grasp complex processes quickly and identify risk and compensating controls.
We RISE by lifting others. RISE stands for Retention, Innovation, Support, and Empowerment. Through RISE we aspire to create and sustain a culture of diversity, inclusion and belonging at work and in our communities. Our commitment to RISE is reflected in our operating principles, people and culture. We pledge to continuously learn, so we can understand and support the differences of individuals, embrace each other's strengths, and provide opportunities for all of us to work toward and achieve our full potential.
Now that you know more about us and the position, next step is for you apply so we can learn about you!
Location : LocationUS-MN-Golden Valley
StatusExempt
TypeFull-Time
CityGolden Valley
StateMN
Benefits PackageYes - Full Time Package
Location : Address 2945 Winnetka Avenue North