Due Diligence Analyst Level 3 (Alternative/Hedge Funds)

Job description

SUMMARY: The primary purpose of this position is to review, assess, and validate customer records to aide in the detection of possible money laundering, terrorist financing, and fraud using risk-based approach methods while ensuring compliance with the Bank's established BSA/AML program. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned. - Review KYC for completeness and accuracy as part of customer validation in order to assess and document the risks associated with that customer. - Identify and address items through day-to-day assignments to ensure the Bank's KYC and CIP standards have been met. - Ensure ongoing due diligence efforts and KYC are maintained while identifying substantive changes to customer profiles. - Perform AML Screening/CDD/EDD reviews on prospects and new/existing customers in accordance with the Bank's policies and procedures. - Review and resolve EDD Verifier alerts; escalate findings to Manager when appropriate. - Perform searches utilizing Internet sources and/or third-party vendors (i.e. Google, LexisNexis and/or World Compliance) to determine negative news and obtain due diligence information f...