BSA EDD Specialist III - CYEX (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Hybrid work schedule
Competitive pay and discretionary or incentive bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Family-friendly work hours
With 175+ community bank locations, we offer opportunities to grow and develop in your career
Promote from within culture
Why join this team?
Hybrid Work Schedule – Split your time working remotely and at our Corporate Headquarters in Rosemont, IL
An entrepreneurial culture with opportunity for growth
Position Summary
The BSA CYEX EDD Specialist III position is responsible for performing an enhanced due diligence (EDD) review of high-risk currency exchange (CYEX) commercial customers providing necessary oversight of the customer's BSA program. This will include pre-onboarding analysis, risk assessment completion and reporting, ongoing monitoring including site visits.
What You'll Do
Complete enhanced due diligence for currency exchange commercial customers, assess the overall risk and complete necessary documentation of findings.
Analyze high-risk customers and other identified accounts for unusual and suspicious activity.
Work collaboratively with Commercial and Treasury Management to understand CYEX customers.
Communicate both internally and externally at all levels as part of the EDD process.
Participate in projects, audits, exams, etc. Develop targeted reviews.
Provide guidance and support to business lines, corporate units and compliance officers.
Complete annual EDD reviews and analysis of site visits.
Conduct quality control functions for all aspects of the BSA CYEX Unit.
Qualifications
2 - 3 years banking experience and 1 - 2 years BSA experience.
Working knowledge of various laws, regulations and guidance as it relates to BSA, AML and OFAC.
Strong communication, problem solving and time management skills.
CAMS certified or in the process of obtaining CAMS certification or other BSA/Fraud related certification.
A bachelor's degree is preferred.
Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated hourly rate for this role is $30.77-$38.47, along with eligibility to earn an annual bonus. Actual pay rate may vary based on several factors, such as a candidate's qualifications, skills and experience.
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From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
