Israel Discount Bank of New York, also known by its registered service mark, “IDB Bank”, is a full service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). Our liquidity and capital ratios are strong, and we are ranked by Crain’s New York Business as the 14th largest commercial bank in the New York area.  We are an Equal Opportunity Employer EOE/M/F/V/D. 

The primary purpose of this position is to review, assess, and validate customer records to aide in the detection of possible money laundering, terrorist financing, and fraud using risk-based approach methods while ensuring compliance with the Bank's established BSA/AML program.

• Perform Annual Account Reviews and Quality Assurance as part of Bank’s EDD process.

• Review KYCs for completeness and accuracy as part of customer validation in order to assess and document the risks associated with that customer.
• Ensure that the bank is in Compliance with FinCEN CDD and Beneficial Ownership requirements.
• Ensure the Bank's KYC and CIP standards have been met.
• Perform searches utilizing Internet sources and/or third-party vendors to corroborate SOW and business occupation or commercial activity of customers
• Adhere to all designated time frames, manage workflow to the specified deadlines and complete responsibilities in a satisfactory manner.
• Thoroughly document findings by preparing analyses narratives and conclusions in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors and regulatory examiners.
• Identify, report and escalate unusual activity to Manager.
• Interact with bank examiners, internal auditors, and compliance personnel during BSA and AML related audits, if necessary.
• Complete all job-related training in a timely manner and attend seminars or continuing education, as directed.
• Assume active involvement in problem solving over critical issues that have a compliance and/or regulatory impact upon the institution as needed
• Perform any other assignments as directed by Manager.

• 3-5 years of experience working for either a regulatory agency examining banks or in a bank within the compliance department providing advice and/or guidance on BSA/AML banking regulations
• Subject matter expertise in AML, EDD and KYC regulatory requirements
• Ability to work independently and within a team atmosphere, reporting accordingly to supervisors
• Collection and assessment of beneficial ownership
• Review of complex business formation and governance documents
• Demonstrated success articulating and delivering findings on AML high risk behaviors and KYC data
• High level analytical research and investigative skill set including experience with background checks/intelligence/customer research/transactional analysis
• High level of analytical skills and problem-solving
• Knowledge of Actimize and Salesforce applications is a plus
• Experience working in a big four is a plus
• Excellent written and oral communication skills
• Bachelor’s Degree in finance, economics, criminology, or other related fields
• Demonstrated ability to actively and effectively interact with the Bank's regulators, business lines, and other areas of the Bank
• Experienced MS Office user
• Fluency in Spanish, Portugese or Hebrew is desirable but not required
• CAMS Certification or equivalent required

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

Due to COVID-19, most of our employees are working remotely. We have implemented a virtual hiring process and continue to interview applicants by phone or video and are onboarding new hires remotely. We value the safety of our employees because we’re all in this together.

NO AGENCIES PLEASE.