Posted: Friday, January 5, 2018 2:38 PM
Areas of Interest:Commercial Banking; Commercial Banking, Business Banking; Risk Management; Risk Management, BSA/AML; Risk Management, Compliance
BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.:based financial services holding company with operations in ten states : Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.
The Enhanced Due Diligence Analyst is responsible for analyzing, researching customer information, assessing customer risk, and determining not only if the customer is high risk, but whether the customer's risk is heightened enough to discontinue the relationship with the bank. This position works with some certainty, non : complex structures, international exposure, and formation of organizations to identify customers that may present a higher degree of risk for money laundering schemes, or other BSA related risks identified through automated risk scoring or supplemental risk detection.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
:Responsible for the administration of the Bank's enhanced due diligence regulations, bank policies and procedures applicable to monitoring high risk customers. Analysis of high risk customers detected through the automated scoring system or additional supplemental processes and assess to determine if the customer risk is accurate and whether the risk is acceptable to continue the relationship. This includes the collection of specific enhanced due diligence information for certain customer types, CIP verification, identifying key individuals, beneficial owners and percent of ownership, performing OFAC scans, and negative news searches, then conducting reviews of the customer periodically as determined by the customer's risk rating. Escalate appropriate issues to management.
:Perform analysis of various systems to identify and verify information related to higher risk customers, including appropriateness of customer risk scores. Theses assessments include, but are not limited to KYC and CIP exceptions, beneficial owner exception monitoring, NAICS verification, high volume SAM alerts, and key word search analysis.
:Participation in enhanced due diligence review projects in support of the EDD function; in support of a line of businesses ability to add clients; mitigation of risks within a line of business; and mitigation of risks associated with bank vendors.
:Communicate effectively and efficiently with account officers, senior management, and when warranted with bank clients to obtain needed customer due diligence or enhanced due diligence information.
KNOWLEDGE, SKILLS and ABILITIES:
:Knowledge of the Bank Secrecy Act, Anti:Money Laundering, OFAC, and USA Patriot Act regulations
:Accountable for ensuring appropriate processes for Sections 312, 313, 319 and 326 of the USA PATRIOT Act (USAPA) covering Foreign Correspondent Banking, Annual Due Diligence, Foreign Correspondent Bank Certification, and Customer Identification Procedures (CIP) respectively
:Ability to participate in special projects, such as research and analysis or procedures enhancement that add value and / or efficiency
:Participant in the resolution of issues identified by internal review, federal regulators or third:party auditors
:Thorough knowledge of concepts, Bank standards, and best practices relating to government regulations and applicable laws
:Proficient in Enhanced Due Diligence (EDD) matters, OFAC regulations, US Patriot Act, AML/BSA Acts, Customer Identification Programs (CIP), Know Your Customer (KYC), Politically Exposed Persons (PEP), Shell Accounts
:Excellent analytical and reasoning skills with a demonstrated ability to identify potential problems, collect data, establish facts, and draw conclus
• Location: Tulsa
• Post ID: 19039872 tulsa