KYC Manager - WaFd Bank
Boise, ID 83713
About the Job
The AML/CFT Know Your Customer (KYC) Manager role reports to the AML/CFT Risk Management Manager and is responsible for oversight of the Know Your Customer (KYC) process. The AML/CFT KYC Manager role will provide managerial oversight for the CDD completion through risk qualification functions and support WaFd in understanding its customer risk profile and developing risk-mitigating controls.
Along with the key functions listed below, this position will be expected to uphold the value that WaFd Bank places on simply being kind when working alongside colleagues and servicing our clients.
A successful KYC Manager:
- Leads by example.
- Effectively manages production ques for the KYC team.
- Proactively provides advisory support to the lines of business on KYC issue.
- Participates, encourages, and supports skill advancement in others through coaching, mentoring, responsive feedback, and accountability.
- Takes responsibility for continuing to seek ways to elevate their own skill development in leadership and business development.
- Ensures compliance with company policies and regulations.
- Reflect the corporate values and ethics of WaFd Bank, including integrity, teamwork, ownership, simplicity, discipline, and service.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
- Manage the KYC process for high-risk customers (e.g. identify the purpose of the account, confirm source of wealth, review adverse media, etc.) as part of onboarding, periodic reviews, and event driven reviews.
- Ensure that sufficient customer due diligence (CDD) was collected by the lines of business to develop an understanding of normal and expected activity based on the customer occupation or business operations for high-risk customers.
- Manage production queues of KYC teams to ensure the timely completion of all risk qualification reviews.
- Conduct quality control reviews of work completed by Analysts to ensure the accurate completion of work
- Ensure that potentially unusual or suspicious transactions are appropriately identified and escalated appropriately.
- Provide advisory support to the lines of business on KYC issues and concerns as necessary.
- Work with and support the Risk Management Manager on issues relating to customer acceptance, customer risk rating, CDD, mitigating controls, adverse media, and any other delegated areas of the BSA/AML and OFAC compliance program.
- Assist in the development and documentation of policies and procedures relating to all aspects of KYC.
- Provide ongoing coaching and feedback to KYC Analysts.
- Complete and pass all assigned eLearning courses and certifications as required.
- Adhere to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act, and OFAC regulations.
- Avoid all real or perceived conflicts of interest and always maintain company and client privacy and confidentiality.
- Other duties may be assigned.
- Bachelor of Science or Bachelor of Arts degree.
- Five (5) to seven (7) years of related experience – AML, transaction monitoring, enhanced due diligence, CDD collection, SAR drafting, and SAR filing. The candidate may also have relevant experience in areas such as transaction monitoring, operations and audit.
- Relevant industry qualifications in AML (e.g., ACAMS) preferred
- In-depth knowledge of common money laundering methods and trends.
- In-depth knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.
- Strong analytical, research, and investigative skills.
- Strong knowledge of transaction monitoring systems and applicable rules.
- Effective writing, analytical, and communications skills.
At WaFd Bank you get all of these great benefits!
- Paid time off for vacation, sick days and holidays
- Health insurance
- Stock options
- Bonus programs
- Generous 7% 401(k) employer matching*
- Paid Parental Leave
- Life and AD&D insurance
- Long-term disability
- Tuition Reimbursement
- Employee assistance programs
- Pre-tax health and dependent-care spending plans
WaFd Bank Benefits Summary - Click here for more information
EEO Statement:We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and/or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375
EEO is The Law - click here for more information
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
EEO Policy Statement - WaFd Bank
Know Your Rights: Workplace Discrimination is Illegal - click here for more information
Pay Transparency Nondiscrimination Provision - click here for more information
