Job Title

Job SummaryThe AML/KYC Analyst is responsible for executing end‑to‑end AML and KYC controls for foreign correspondent bank relationships within a U.S. intermediary bank. The role includes performing Customer Identification Program (CIP) procedures, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Adverse Media Screening, and Transaction Monitoring Investigations to identify, assess, and mitigate money laundering, terrorist financing, sanctions, and other financial crime risks. The analyst applies a risk‑based approach in compliance with U.S. regulatory requirements and MBNY internal policies.Key ResponsibilitiesKYC & Customer Identification (CIP)Perform CIP verification for foreign correspondent banks in accordance with the USA PATRIOT Act and internal onboarding standardsValidate: Legal existence, licensing, and regulatory statusPhysical presence and shell bank prohibitionsAuthorized signatories and key managementEnsure accurate documentation and data integrity across KYC systemCustomer Due Diligence (CDD)Conduct initial and periodic CDD reviews for foreign correspondent banking relationshipsAnalyze: Ownership and control structureBoard and senior managementNature of business, products, services, and customer baseGeographic exposure and high‑risk jurisdictionsComplete customer risk assessments, clearly documenting risk drivers and mitigating controlsEnhanced Due Diligence (EDD) – Correspondent BankingPerform EDD reviews for high‑risk correspondent banks in compliance with PATRIOT Act Section 312Assess the respondent bank’s: AML, sanctions, and transaction monitoring frameworkRegulatory history, enforcement actions, and audit findingsUse of payable‑through accounts (PTAs)Nested or downstream correspondent relationshipsReview and analyze Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ) responsesDevelop detailed EDD narratives with clear conclusions and risk acceptance recommendationsAdverse Media & ScreeningConduct and analyze: Adverse/negative news screeningSanctions screening (OFAC and other relevant lists)PEP and high‑risk association checksAssess credibility, severity, and relevance of adverse informationEscalate material findings, red flags, and reputational risks to AML ManagementTransaction Monitoring & InvestigationsReview and investigate transaction monitoring alerts related to correspondent banking activity, including: Cross‑border wire transfersHigh‑risk corridors and jurisdictionsUnusual volumes, patterns, or payment flowsPerform detailed investigations using internal systems and supporting documentationDetermine whether alerted activity is questionable and prepare narrativesRisk Escalation & GovernanceIdentify and escalate: Control gaps at respondent banksSignificant changes in risk profilePotential sanctions or regulatory exposureRegulatory, Audit & Exam SupportEnsure full alignment with: Bank Secrecy Act (BSA)FinCEN CDD RuleFFIEC BSA/AML Examination ManualOFAC sanctions requirementsStakeholder CollaborationWork closely with: MBNY KYC TeamMBNY Sanctions TeamAML Investigations and SAR teamsExperience4-5 years of AML/KYC experience, with strong focus on foreign correspondent bankingExperience within a U.S. bank or U.S. branch/agency of a foreign bank preferredDeep knowledge of: Correspondent banking risk typologiesCross‑border payment flows and clearing activityNested correspondent and PTA risksCIP, CDD, and EDD executionTransaction monitoring alert investigationsSAR drafting and decisioningWolfsberg CBDDQ and risk rating methodologiesPreferred QualificationsCAMS, CFE, or equivalent AML certification