Investors Bank Retail Admin Business KYC CDD Analyst in Iselin, New Jersey

The Retail Administration Business KYC CDD Analyst will work as a CIP CDD subject matter expert in the first line supporting the various second line BSA functions to ensure compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) regulations. The CDD Analyst's primary responsibility is the on-boarding review, risk analysis, escalation when required, and periodic review of low and medium risk business and special account banking relationships (government, trusts, estates, etc.). The focus of this role is to ensure the proper execution of Know Your Customer (KYC) activities as required by the BSA and as defined by the Bank's Risk /BSA Department. The CDD Analyst is responsible for ensuring the execution of the Bank's Customer Identification Program (CIP), Customer Risk Rating (CRR), and conducting Customer Due Diligence (CDD) for all low and medium risk non-consumer customer relationships and accounts being onboarded. RESPONSIBILITIES * Execute BSA defined KYC CIP CRR CDD onboarding reviews of new low and medium risk business customers; Review business and signer documentation submitted by the retail branch network for completeness, correctness, and compliance with the BSA; Perform risk analysis of new business customers, related signors and beneficial owners to determine and disposition the risk rating of low or medium and escalate any high risk customers identified to the CDD Senior Analyst team for high risk review and further escalation to EDD team. * Perform periodic reviews for KYC CIP CRR CDD of existing low and medium risk customer relationships according to review schedule to determine if any additional information or documentation is required to update customer profile; Initiate a request for information (RFI) to the appropriate customer relationship manager in a timely manner to ensure compliance with the stated service level agreement (SLA); Conduct risk analysis using updated information and transactional review, determine if CRR requires revision, and if applicable escalate CRR recommendation to BSA for approval. * Escalate to the Suspicious Activity Reports (SAR) team any suspicious activity and/or red flags identified during the risk analysis that may be potential indicators of a financial crime, fraud, terrorist financing or other illegal activity. * Work with KYC management team on various process improvements, system enhancements, and new product/service projects. * Bachelor's degree or 1-2 years of BSA experience * Must have a strong background in compliance and risk management specifically in KYC CIP CDD regulations * Working knowledge of key banking laws and regulations * Must handle all company information with highest degree of confidentiality and integrity * Ability to research, interpret, and apply regulatory requirements and operating procedures to retail business line functions * Ability to coordinate the gathering of information from various sources such as branch personnel, various business lines, externally available information, verification tools and other applicable sources * Personable team player * Strong organizational skills * Excellent verbal and written communication skills * Strong attention to detail and ability to work in a challenging, fast paced environment DESIRED * CAMS Certification Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled