The Analyst, BSA (EDD) performs Enhanced Due Diligence (EDD) reviews of Customers designated as "High Risk" in accordance with Oriental's High Risk Customer Matrix. Reviews include extensive "Know Your Customer" procedures and detailed transaction analysis conducted for the purpose of identifying and managing High Risk Customers.
Such review is required to ensure Oriental's compliance with BSA and USA PATRIOT Act regulations and Oriental's policies and procedures to mitigate, detect and report suspicious activity. This position will be working hybrid and is based in San Juan, PR.
MAJOR DUTIES & RESPONSIBILITIES:
Perform, analyze and document Enhanced Due Diligence (EDD) reviews of the Bank's "High-Risk" customers in accordance with Oriental's EDD Procedures and High-Risk Customer Matrix.
Apply analytical skills to obtain an in depth understanding of business documentation for various business types and conduct detailed transaction analysis in order to ensure High Risk Customers' profile, stated business purpose and source/use of funds are commensurate with transactional activity.
Validate and document customer's High-Risk designation or mitigating factors in order to establish periodic EDD review schedule.
Identify unique risks which may be posed by High-Risk Clients and recommend controls to mitigate said risks via enhanced periodic review, specified Activity Monitoring Parameters and adherence to BSA/AML reporting requirements.
Identify unusual activities and behaviors across multiple products, analyzing and assessing information and referring all transactions that may be indicative of potentially suspicious activity related to money laundering, terrorist financing, fraud, drug trafficking, tax evasion, for further investigation or reporting as outlined in Oriental's BSA/AML procedures.
Utilize understanding of complex customer types to assist Management with special projects when warranted.
Follow all Bank policies and procedures, compliance regulations, and complete all required annual job-specific training.
Other duties may be assigned.
MINIMUM REQUIREMENTS:
Bachelor's degree in business administration, criminal justice, or any other related discipline is required.
One (1) year of relevant BSA/AML analysis, fraud, compliance, transactional, retail, banking, or operational experience required.
Minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge skills and abilities.
Strong knowledge of BSA requirements and regulations policies, procedures, practices, and documentation highly desirable.
Enhance Due Diligence experience including analyzing data, compliance, and conducting reviews preferred.
In depth analytical thinking, and investigative skills with attention to detail and accuracy.
Excellent written and verbal communication skills in both: English and Spanish required. Technical writing ability preferred.
Ability to work effectively with individuals and groups throughout the organization.
Understands bank operations, policies, and procedures.
Must be proficient with MS Office Tools (Word, Excel, PowerPoint, Outlook, Teams, among others).
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Oriental is an Equal Opportunity Employer (EEO Employer / Affirmative Action for Females / Disabled / Veterans)
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