U.S. Bank EFCC EDD Analyst in Charlotte, North Carolina
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Responsible for fulfilling the Anti-Money Laundering (AML) / Bank Secrecy Act (BSA) requirements through enhanced evaluation of customer relationships on behalf of U.S. Bank for both new and existing customers.
Responsibilities include performing enhanced due diligence on higher risk customers according to U.S. Bank policy and procedures. Will stay current on trends and patterns related to money laundering, information and techniques related to money laundering, and will escalate complex or significant issues to senior management. The individual should have the ability to identify and facilitate sustainable risk solution and mitigation strategies in support of business lines. May also participate in special AML Compliance reviews, projects and training efforts, as required. This incumbent should have a solid understanding of the BSA, SAR reporting requirements, FinCEN-related laws/regulations, OFAC regulations and sanctions, and the USA PATRIOT Act.
Assess the completeness and quality of “Know Your Customer” (KYC) documentation, per the KYC Policy, for new and existing higher-risk customers to ensure that required enhanced due diligence efforts and documentation are in accordance with applicable policies.
Provide feedback on policies and procedures as needed for the handling of new and open higher-risk relationships, to include the proper method to evaluate such relationships and to escalate any red flags and/or recommend account closure if deemed necessary.
Work cooperatively with business lines and partner groups to evaluate the risks associated with new and existing high-risk customers through enhanced due diligence review to include recommendation of risk mitigation strategies. This may also include recommendations of denying account establishment.
Engage in, and be accountable for, research, analysis and resolution of customer financial crimes risk issues.
Depending on the outcome of the customer review, file an AMLR, if required, to assist U.S. Bank AML / BSA Specialists in analyzing and determining whether or not a Suspicious Activity Report (SARs) must be filed with the Federal Government for any identified complex suspicious activity / relationship.
Based on the outcome of the customer review, recommend account closure or other risk mitigation strategies if deemed necessary.
Actively ensure compliance with the U.S. Bank Code of Ethics and all AML, BSA, information security, and suspicious activity reporting requirements, policies and procedures. Actively participate in any required corporate and business line training in these areas. Follow account opening procedures and understand and follow internal suspicious activity referral requirements and processes, as required for this position.
Remain current on legal and regulatory AML / BSA requirements and actions.
Bachelor's degree, or equivalent work experience
Typically more than two years of applicable experience
Critical thinking: Resourceful in recognizing patterns, trends and inconsistencies in transactional and customer data to detect, prevent, mitigate and report suspicious activity. Demonstrate ability to discreetly handle highly sensitive and confidential information. The incumbent should have a moderate understanding of complex risk issues and customer risks such as money laundering, terrorist financing, financial crimes, and other reputational risk issues. Resourceful with research tools. Adequate analytical and problem-solving skills.
Strong self-motivation and organizational skills
Exceptional ability to multi-task and prioritize projects in order to meet deadlines
Interpersonal Skills: must be able to participate as a sole contributor or as a team player and foster a culture of compliance through constructive collaboration
Detail oriented: Structured approach to review documentation of client cases and analysis of customer information
Research: Adequate research skills, familiarity with data/information sources; ability to distill case findings into a succinct summary
Self-directed: Motivated to work with Management and prioritize individual work activity to maximize performance against agreed targets and service levels
Risk Sensitive: ability to self-identify and evaluate potential risks in any given case and escalate accordingly
CAMS certification a plus
* This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.
**We are hiring in the following locations:
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $62,815.00 - $73,900.00 - $81,290.00