Business Enhanced Due Diligence Specialist II (Hybrid)

at  First Citizens Bank

Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
SVB’s First Line of Defense BSA/AML team is responsible for identifying, investigating, and monitoring relationships that pose a money laundering or terrorist financing risk in support of all legal and regulatory requirements relating to anti-money laundering (AML) and counter-terrorism financing.
As an Enhanced Due Diligence Analyst, you will be a part of SVB’s First Line of Defense BSA/AML Team tasked with ensuring that activity within FCB is compliant with FCBs Risk Appetite, and any/all applicable regulations and guidelines. You will be the identified expert on BSA/AML compliance for the FCB Commercial Bank by the relationship team and clients. You will interact with peers and risk professionals, all levels of management, and other internal or external constituents to deliver comprehensive views on investigative and intelligence matters and represent the reasoning of case disposition on behalf of your team. It will be critical for you to stay current with anti-financial crime developments, and policy changes, seek ways to enhance current processes and controls, and communicate with your peers and partners.

• Provide expertise in assessing prelaunch or emerging business models to align with internal requirements for enhanced due diligence and approval; to include providing training, advice, and guidance to the Commercial Bank teams; recommending updates based on based on industry best practices and regulatory/compliance standards.
• Serves as a subject matter expert on high-risk reviews as primary Point of Contact for Commercial Bank Relationship and aid in identification of prospects & existing clients that may have increased AML risk due to business model; working directly with clients/prospects to ensure compliance with FCB’s high-risk requirements; championing efforts identifying and managing existing and emerging risks identified through reviews, and ensuring these risks are effectively assessed, communicated, and controlled.
• Engage with peers and financial crimes risk professionals, all levels of management, and other internal or external constituents to deliver comprehensive views on investigative and intelligence matters and represent reasoning of case disposition.
• Identifies and communicates opportunities to automate/streamline quality and compliance efforts.