Job Description

Overview:

Work Arrangement:

***This is a hybrid role, working 3 days onsite in our offices.***

Perform various activities to support the Know Your Customer (KYC) function, including identifying high-risk client types, conducting due diligence reviews on potential high-risk clients, periodic reviews/updates to Know Your Customer (KYC) records, and assisting with other business initiatives.

Responsibilities:

Essential Functions

1. Conducts research and provides advice on new customer CDD alerts and Know Your Customer (KYC) files.
2. Performs Enhanced Due Diligence (EDD) reviews of high-risk customers. Uses customer risk scoring models in accordance with departmental processes and procedures.
3. Conducts enhanced due diligence on new and existing customers.
4. Documents EDD review findings in the appropriate databases, including all pertinent facts and information to support results.
5. Completes EDD reviews in a timely and efficient manner. Suggests process enhancements and/or research tools to increase efficiency and/or accuracy.
6. Advises business partners on the onboarding of new customers.
7. Reviews, resolves, and/or escalates adverse media and potential PEP match alerts.
8. Elevates questions and concerns to team leads as needed.
9. Completes compliance and regulatory training as assigned. Consistently maintains awareness of regulatory updates and incorporates process and procedural changes as directed by team leads and department management.
10. Performs other duties as assigned.

Qualifications:

Education/Experience Requirements

• Undergraduate degree.
• Three years of KYC, transaction monitoring, sanctions, fraud, investigative, or financial crimes risk management (FCRM) experience in BSA/AML with exposure to EDD and OFAC.

Preferred Requirements

• Good working knowledge of federal and state AML regulations, including Bank Secrecy Act (BSA), OFAC and the USA PATRIOT Act.

• Excellent verbal, written, and interpersonal communication skills.
• Excellent research, multi-tasking, and time management skills with a strong focus on attention to detail.
• A team player able to work effectively in an evolving, fast paced environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook, automated CDD, name screening, and case management systems.

Background & EEO Statement:

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information:

Diversity & Background Screening:

Diversity & Inclusion at The Bancorp Bank :

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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Bancorp Bank, The

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