Sr AML Due Diligence Analyst

The Senior AML Due Diligence Analyst conducts detailed assessments of customer risk for money laundering, financial crimes and terrorist financing, through thorough and complex analysis of customer transaction patterns, negative news on the entity/customer, and assessments of expected activity versus actual activity based on the nature of the business. The Senior AML Due Diligence Analyst may also provide training and mentorship for new AML Due Diligence Analysts. The Senior Aml Due Diligence Analyst maintains excellent knowledge of financial crime typologies and is well versed in the identification of and escalation of possible suspicious activity for further investigation. The Sr AML Due Diligence Analyst is well versed on the customer risk impacts related to subpoenas, 314(a) requests, 314(b) requests and OFAC. Recommends course of action to management based on an analysis of the findings and documents the analysis in the Bank's case management system. Supports the company's compliance efforts with the Banking Security Act (BSA).

RESPONSIBILITIES

• Utilize daily new customer report and import information into new customer risk scoring and rating tool.
• Review results from the output of the new customer risk scoring tool to identify new high-risk customers that need to be scheduled for a 90-day Enhanced Due Diligence review.
• Review the output from the new high-risk customer risk scoring tool to identify restricted or prohibited entity/customer types that require further action.
• Conduct 90-Day New high-risk customer EDD reviews to determine if activity is reasonable based on the nature of the business and is consistent with the CDD/expected activity information collected at account opening. Based upon analysis of activity, make recommendation if ongoing high-risk activity monitoring is required.
• Conducts a review of the quarterly Rules Based Risk Rating (RBRR) results and assess account(s) that scored at or above the high-risk threshold and make determination if the entity/customer qualifies as high-risk and subject to ongoing high-risk monitoring and Enhanced Due Diligence reviews.
• Analyze and review complex account relationships, including a holistic review of customer relationship, transactions and customer provided information to support recommends appropriate risk-based business actions to be taken concerning client relationship onboarding or ongoing monitoring; escalating suspicious activity as necessary.
• Perform Customer Risk Reviews (CRR) to analyze transactions and to identify issues or trends and develop conclusion on reasonableness of the prospective customer's controls, activity, business structure, in order to determine if the perspective customer is within the Bank's risk appetite.
• Communicates with branch, business units and management for clarification when researching and conducting reviews, as necessary.
• Completes written report of findings which includes a comprehensive detail, pivot tables, narrative and recommendations.
• Requires continuous exercise of judgment following broad guidelines.
• Maintains a thorough understanding of money laundering and financial crime and terrorist financing typologies and predicate offenses for money laundering and is able to apply that understanding in analyzing customer transaction and behaviors to identify activity consistent with the typologies.
• Maintains a thorough understanding of the BSA/AML KYC, CDD, EDD requirements and OFAC Sanctions compliance requirements. The AML Due Diligence Analyst maintains sufficient knowledge and understands when a review should be escalated to for a case investigation or should be brought to the attention of the AML Due Diligence Manager, Director of BSA Operations or Chief BSA Officer.
• Keeps management apprised of issues or emerging risks.
• Cross-trains with management to enhance skills. May provide guidance or training to lower level AML Analysts.
• Assist with daily department mailbox duties, which may include but Non[1]Lending Credit Risk Review Requests, detailed customer history.
• Participates in ongoing training to maintain knowledge of BSA/AML and OFAC regulatory requirements and new and emerging money laundering and financial crimes typologies.
• Keeps abreast of Bank policy, procedure, systems, products and services. Monitors industry trends relative to money laundering or fraud schemes including detection and reporting of suspicious activity.
• Other duties as assigned.

QUALIFICATIONS

• 5 years banking experience required.
• 4 years BSA experience required.
• Certified Anti-Money Laundering Specialist (CAMS) or equivalent current professional certification(s) preferred.

A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $32.83/hr to $49.25/hr Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit https://www.ppbi.com/careers.html

CA (Los Angeles applicants): Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) ("Section 19"). In accordance with Section 19, the Company will consider an applicant's criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing.

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