The primary function of this position is performing scheduled periodic enhanced due diligence (EDD) reviews of the Bank’s
high-risk customers in support of the Bank’s BSA/AML Know Your Customer (KYC) policies and procedures. In addition,
document EDD conclusions and rationale in system of record and identify/escalate potentially suspicious activity in accordance
with internal procedures.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES (Duties which are critical/central to accomplishing the purpose of the job. List

KNOWLEDGE, SKILLS AND ABILITIES (REQUIRED FOR THIS JOB.):

• Diverse and in-depth understanding of BSA/AML rules, regulations and practices.
• Knowledge of trends/typologies in money laundering and fraud schemes.
• Excellent investigative, analytical, deductive reasoning and troubleshooting skills with the ability to understand and draw conclusions from research conducted.
• Effective time management and organizational skills to prioritize and complete work in a timely manner.
• High level of professional aptitude and standards.
• Proficiency in MS Office; Word and Excel.
• Experience with automated transaction monitoring system Verafin a plus.
  EDUCATION/EXPERIENCE REQUIREMENTS (minimum education and/or years of experience required to perform the job.) –

EDUCATION:

• Bachelor’s degree or equivalent
• Professional certifications preferred i.e., CAMS, CFCS, CIA, CFE.

EXPERIENCE:

• Minimum of 3-5 years of High Risk EDD reviews, CIP/KYC Customer Onboarding, and knowledge of transaction monitoring.
• Experience reviewing domestic and international customers such as MSBs, Correspondent Banks, crypto platforms, hedge funds, real estate developers.

PREFERRED KNOWLEDGE SKILLS AND EXPERIENCE FOR THIS JOB:

• A results-driven, self-starter possessing exemplary leadership, communication, collaboration and influencing skills.
• Collaborative team-player who can find creative and practical solutions in a dynamic work environment.
• Ability to work and lead under pressure, exhibiting timely decision making, and with a sense of humor and balance.
• Ability to handle ambiguity, juggle multiple matters at once, and quickly and seamlessly shift from one situation or task to another
  SUPERVISORY RESPONSIBILITES: No

• Performing EDD reviews of all assigned high risk customers in a timely and efficient manner.
• Documenting EDD review findings in the appropriate databases to include all pertinent facts and information, such as the preparation of narrative reports summarizing actions, findings and recommendations for next steps.
• Recommending clear and concise referrals to the Financial Intelligence Unit for further investigations and potential SAR filing.
• Assist EDD Team Lead in working with BSA managers and staff to ensure compliance with the Bank’s overall BSA/ AML Compliance Program.
• Suggest process enhancements and/or research tools to increase efficiency and/or accuracy.
• Assist with the preparation and delivery of ad-hoc BSA/ AML and OFAC compliance training based upon changes in regulatory requirements and/ or emerging typologies.
• Maintaining awareness of regulatory updates and incorporate process and procedural changes into the EDD review process as directed by management.
• Interface with MCB’s business units to satisfy any relevant questions or issues that arise during such reviews.