What The Role Is

Position is responsible for ensuring the evaluation of due diligence information throughout the customer relationship in order to effectively evaluate customers risks. This position is directly responsible for transactional analysis of the entire client relationship as applicable for due diligence reviews to evaluate the customer's risk. This includes gathering transaction samples; contacting branch personnel for additional information; reviewing the past case history of the customer; completing in-depth Internet research, including negative news searches; and determining, based on account activity, if the account is transacting as expected for the entity type. This position will also be responsible for noting any unusual or possibly suspicious activity and referring that information through the UAR process. The position will assist with anti-money laundering compliance initiatives by providing support to the Enhanced Due Diligence Manager. This position is eligible for remote.

How You Will Make An Impact

• Evaluate higher risk customers, including, but not limited to, transaction analysis, Customer Due Diligence (CDD) information, interviews with relationship managers, internet research etc
• Produce a detailed written summary document encompassing the customer relationship and various risk/s presented.
• Analyze high-risk customer transaction activity to ascertain legitimacy of the business and the business transactions ensuring that the transaction activity is commensurate with the nature of the business entity.
• Manage complex cases involving matters such as multiple relationship accounts, tiered and multi-faceted transactions; international wires involving Bank designated high risk jurisdictions, and complex transaction patterns
• Ensure accurate data collection to comply with the bank's Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
• Perform customer screening for money service businesses, politically exposed persons, OFAC, FinCEN 314(a), negative news, etc.
• Ensure compliance with approved policies and procedures related to BSA/AML including EDD documentation
• Demonstrate compliance with all bank regulations for assigned job function and apply to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keep up to date on regulation changes.
• Provide feedback on customer risk rating rule effectiveness.
• Make recommendations for closing customer relationships based on evaluation.
• Refer unusual activity to appropriate area/s for further evaluation.
• Utilize their understanding of complex customer types (MSBs, ISOs, etc.) to assist with special projects and complex reviews when warranted.

Who You Are

• Excellent oral and written communication skills
• Able to communicate effectively with staff at all levels
• Must demonstrate strong research skills, with attention to details
• Must be well organized with the ability to manage multiple projects and manage deadlines
• Proactive and must be able to work independently
• Willing to attend continuing professional education in BSA/AML compliance

Education

• High School Diploma or GED required, college degree in Business, Finance or other related discipline or equivalent banking experience preferred
• Industry certification preferred (CAMS, CFE)

Experience

• Minimum of 5 years banking experience, with 2 years' experience in BSA, customer due diligence preferred

Characteristics

• Regular and reliable attendance
• Works cooperatively with others

If your experience aligns with this description, please consider applying. Many skills are transferable among industries and a passion for the role and willingness to learn are important considerations. We believe that a diverse workforce creates problem-solving and creative thinking, which is why we're dedicated to adding new perspectives to the team and encourage everyone to apply.

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.

Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

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