AML/KYC Analyst– US Correspondent Banking Compliance, Anand

Job Summary The 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 Responsibilities KYC&Customer Identification (CIP) Perform CIP verification for foreign correspondent banks in accordance with the USA PATRIOT Act and internal onboarding standards Validate: Legal existence, licensing, and regulatory status Physical presence and shell bank prohibitions Authorized signatories and key managementEnsure accurate documentation and data integrity across KYC system Customer Due Diligence (CDD) Conduct initial and periodic CDD reviews for foreign correspondent banking relationships Analyze: Ownership and control structure Board and senior management Nature of business, products, services, and customer baseGeographic exposure and high‑risk jurisdictions Complete customer risk assessments, clearly documenting risk drivers and mitigating controls Enhanced Due Diligence (EDD) – Correspondent Banking Perform EDD reviews for high‑risk correspondent banks in compliance with PATRIOT Act Section 312Assess the respondent bank’s: AML, sanctions, and transaction monitoring framework Regulatory history, enforcement actions, and audit findings Use of payable‑through accounts (PTAs) Nested or downstream correspondent relationships Review and analyze Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ)responsesDevelop detailed EDD narratives with clear conclusions and risk acceptance recommendations Adverse Media&Screening Conduct and analyze: Adverse/negative news screening Sanctions screening (OFAC and other relevant lists) PEP and high‑risk association checks Assess credibility, severity, and relevance of adverse information Escalate material findings, red flags, and reputational risks to AML ManagementTransaction Monitoring&Investigations Review and investigate transaction monitoring alerts related to correspondent banking activity, including: Cross‑border wire transfers High‑risk corridors and jurisdictions Unusual volumes, patterns, or payment flows Perform detailed investigations using internal systems and supporting documentationDetermine whether alerted activity is questionable and prepare narratives Risk Escalation&Governance Identify and escalate: Control gaps at respondent banks Significant changes in risk profile Potential sanctions or regulatory exposure Regulatory, Audit&Exam Support Ensure full alignment with: Bank Secrecy Act (BSA) FinCEN CDD Rule FFIEC BSA/AML Examination Manual OFAC sanctions requirements Stakeholder Collaboration Work closely with: MBNY KYC Team MBNY Sanctions Team AML Investigations and SAR teams Experience 4-5 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 preferred Deep knowledge of: Correspondent banking risk typologies Cross‑border payment flows and clearing activity Nested correspondent and PTA risks CIP, CDD, and EDD execution Transaction monitoring alert investigationsSAR drafting and decisioning Wolfsberg CBDDQ and risk rating methodologies Preferred Qualifications CAMS, CFE, or equivalent AML certification