Compliance Analyst I - Client Intelligence Unit (CIP)- CDD

Summary

The AML-CIU CDD Analyst is also responsible for working with the Customer Identification Program (CIP) process to ensure the client’s identity has adequately satisfied CIP requirements. The AML Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) Analyst I is responsible for a holistic review of high risk clients from a risk based approach. The Analyst conducts surveillance reviews to identify potential high risk transactional activity, PEPs reviews, sanctioned individual Negative News/ Derogatory information reviews, potential OFAC match reviews, beneficial ownership reviews, MRB reviews , and new foreign account reviews.

Essential Duties & Responsibilities 

• Perform a holistic review of high risk customers using customer risk scoring models in accordance with departmental processes and procedures.
• Perform transactional monitoring for possible money laundering and terrorist financing using automated AML software monitoring systems, reports and other methods for high risk clients.
• Effectively identify, document and escalate suspicious activity to senior analysts for investigation for potential SAR reporting.
• Review and conduct adverse media searches and suggest account restrictions and/or account closures based on risk to the institution.
• Assist in CDD reviews for PEPs, sanctioned individuals, Negative News/ Derogatory information, potential OFAC matches, and MRB reviews.
• Review new account opening documentation for new entity accounts to ensure the beneficial ownership obligation is met.
• Perform background investigations in accordance with AML and other regulatory standards to help prevent operational and reputational risk.
• Review CIP fail records to determine underlying CIP issue and work with branches to resolve issue
• Request appropriate account restrictions on CIP fails to minimize potential risk
• Review and monitor open CIP fail records to ensure a resolution is obtained in a timely manner

Qualifications

• General understanding of the financial industry including operational and risk/control, financial markets, products, and an understanding of the transaction life cycle.
• Working knowledge of Compliance analysis and reporting with the ability to identify and affect appropriate risk and control mechanisms.

Education & Experience

• Bachelor’s Degree in related field or equivalent experience
• 3+ years of Financial Services Industry experience

Systems & Technology

• Proficient in Microsoft Office including Outlook, Word, Excel and PowerPoint.
• AML software, Capital Markets surveillance and SQL Server

About Stifel 

Stifel is a more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
 
Stifel is an Equal Opportunity Employer.