Specialist, CDD Analyst

As a Specialist, CDD Analyst at FAB in Washington, your main responsibilities will revolve around conducting KYC, CDD, and enhanced due diligence on various clients, including institutional and corporate clients. You'll work closely with the FAB business and compliance teams to verify client documentation, ensure compliance with regulatory standards, and actively monitor client activities for any potential red flags indicating financial crime.

To qualify for the Specialist, CDD Analyst position at FAB, candidates must hold a Bachelor’s Degree in Business Administration, Banking, or Finance. Additionally, a minimum of three years' experience in a relevant compliance or KYC function at a reputable international bank is essential. Certifications in compliance or risk management such as CAMS or CKYC are preferred.

FAB encourages a proactive work culture for its CDD Analysts by valuing creative ideas and innovative solutions. The role requires a strong sense of initiative, allowing analysts to engage deeply with compliance matters and develop strategies that enhance the efficiency and effectiveness of KYC processes within the bank.

Essential skills for a successful CDD Analyst at FAB include strong analytical capabilities, excellent interpersonal and communication skills, and a high level of integrity when handling sensitive information. Familiarity with AML/KYC regulations, combined with strong organizational abilities, specifically in maintaining accurate client documentation, is also crucial.

The compliance team at FAB expects a Specialist, CDD Analyst to thoroughly review KYC documents, address gaps in client files promptly, and support the team during annual regulatory visits. Analysts are also expected to be proactive in tracking audit issues and maintaining accurate CDD file review trackers.

In your response, focus on specific experiences where you have successfully conducted KYC and CDD on clients. Highlight your familiarity with regulatory standards and any systems you have used to streamline these processes.

Discuss your methods for staying up to date with AML regulations, including resources like training, industry publications, and collaboration with compliance teams. Mention examples where you identified and reported discrepancies or potential red flags.

Share a specific incident that showcases your analytical skills and attention to detail. Explain how you identified the risk, the steps you took to investigate further, and the outcomes, emphasizing your proactive nature.

Be positive and mention any KYC or AML software you have used, explaining how these tools helped enhance your efficiency and accuracy in conducting due diligence.

Highlight the importance of discretion in handling sensitive client information. You can discuss specific practices you follow to maintain confidentiality and integrity in your work.

Discuss some common challenges such as ensuring documentation accuracy, adapting to regulatory changes, and maintaining customer relationships while conducting due diligence. Offer insights on how you have successfully navigated these challenges.

Enhanced due diligence is critical for high-risk clients. Explain the process, its importance in highlighting potential financial crimes, and how you've implemented it in your previous roles to mitigate risks.

Talk about the strategies you use for time management and prioritization, ensuring that critical tasks related to compliance are handled efficiently while maintaining a high standard of accuracy.

Connect your motivations to the sense of responsibility and ethical standards required in the compliance field. Highlight your commitment to integrity and the satisfaction of preventing financial crimes as key motivators.

Share the resources, networks, or associations you engage with to stay current on KYC and AML regulations, demonstrating your dedication to ongoing professional development and compliance effectiveness.