Business Enhanced Due Diligence Specialist I

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. This role will be located in Raleigh or Charlotte, NC, or Phoenix, AZ.

The Enhanced due Diligence (EDD) Specialist I within the First Line of Defense (1LOD) is responsible for supporting the General Bank's 1LOD EDD function which conducts EDD reviews on client segments that may pose a risk for money laundering, terrorist financing, sanctions, or reputational risk. The role focuses on administrative processing, data gathering, quality control, and reporting to ensure EDD standards and regulatory expectations are met.

• Operational Support - Provides daily support for business operations by responding to inquiries, identifying issues, and working to improve standard practices. Assists in implementing recommended modifications and enhancements. May serve as an analytics resource to wider organization or business units.
• Reporting - Produces reports based on data analysis, industry trends, and process capabilities. Conveys patterns, problems, and areas of improvement.
• Risk Analysis - Assists with identifying and managing existing and emerging risks identified through reviews. Conduct assessments and profiling of prospects and clients through the EDD process based on their risk factors including business type and any applicable geographical risks. Identify and communicates opportunities to automate/streamline quality and risk management efforts.
• Quality Control - Perform quality checks on completed EDD reviews to confirm accuracy, completeness, and consistency with internal policy and procedures.
• Regulatory Compliance - Ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions and AML regulations. Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards.
• Communication -Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures and best practices, promoting a culture of compliance.

Bachelor's Degree and experience in Financial Services, First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk

OR

High School Diploma or GED and 2 years of experience in Financial Services, First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk

Preferred Qualifications:

• Bachelor's Degree in Risk Management, Finance
• Knowledge of risk techniques, practices, and control frameworks
• Knowledge of various banking and government regulatory requirements and processes
• Ability to work effectively with associates, senior management, and various committees
• Knowledge of regulatory guidance pertaining to enterprise risk and operational risk

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.