Regions Bank Enhanced Due Diligence Analyst in Birmingham, Alabama
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
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At Regions, our Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Enhanced Due Diligence (EDD) Analyst is responsible for performing holistic due diligence reviews in support of the Bank’s BSA/AML KYC policies and procedures. The BSA/AML EDD program is designed to review higher-risk customers and their activity closely at account opening and periodically thereafter.
Ensures compliance with BSA/AML related laws and regulations and identifies matters of noncompliance and escalates them as necessary for resolution
Responsible for conducting initial and periodic reviews when certain events occur that may raise the risk profile for certain customer relationships
Analyzes accounts and customer information according to prescribed internal policies and procedures
Compiles and assesses customer due diligence research, documentation, investigations and monitoring and prepares detailed reports of findings
Performs customer enhanced due diligence, investigative, and monitoring reviews utilizing internal and third-party research tools
May be responsible for reviewing work completed by BSA/AML EDD Analysts for accuracy, completeness and decisioning
This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not
eligible for overtime pay.
High school diploma or equivalent
Three (3) years experience in branch management, platform, BSA/AML, fraud, loss prevention, or corporate security
Skills and Competencies
Knowledge of BSA/AML, KYC/CDD and FinCEN related laws and regulations
PC proficient with strong word processing and spreadsheet skills
Experience with case management systems, databases and similar automation
Excellent verbal and written communication skills
Ability to multi-task and set priorities
Detail-oriented with demonstrated analytical and critical thinking skills
Ability to work in a collaborative environment, as well as independently
Must be able to work under pressure on multiple tasks concurrently and meet deadlines in a fast paced work environment with interruptions and changing priorities
Ability to deal with all levels of personnel in a courteous and efficient manner
Possess ability to assess risk as well as advise management of risk(s)
Bachelor’s degree in a related field
Previous BSA/AML experience, preferably in EDD or KYC/CDD
ACAMS, CFE or similar compliance certification
At Regions, our culture focuses on five core values that are a commitment to how we will do business:
Put people first
Do what is right
Focus on your customer
Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.