Sr. Analyst High Risk EDD (NE)

About Cathay Bank Cathay Bank is the first commercial bank in Southern California founded by Chinese Americans. We help clients establish roots and support businesses through lending and other financial services that have been sustainable for generations. We offer a wide range of financial services, from individual savings and loans, business banking and treasury management services, to international banking and wealth management solutions. Our branch network spans over 60 branches across California, New York, Washington, Illinois, Texas, Maryland, Massachusetts, Nevada, and New Jersey. Internationally, we operate a Hong Kong branch and have representative offices in Beijing, Shanghai, Taipei, and Ho Chi Minh City. Established in 1962 and headquartered in Los Angeles, Cathay Bank is a subsidiary of its holding company Cathay General Bancorp (Nasdaq: CATY) with an asset size of $24.2 billion as of December 31, 2025. Member FDIC Equal Housing Lender

Cathay Bank

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Personal BankingInvestment ServicesBusiness and Commercial Bankingand Foreign Exchange

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C

www.cathaybank.com

1,001-5,000 employees

Banking

Los Angeles, California

1962

Public Company

20k LinkedIn followers

• Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.
• Apply today!
• The Senior High Risk Enhanced Due Diligence (EDD) Analyst is responsible for reviewing systematic Anti-Money-Laundering (AML) alerts and Client Due Diligence (CDD) alerts and conducting annual High Risk Enhanced Due Diligence (EDD) reviews on high-risk consumer and commercial clients.
• The Senior High Risk EDD Analyst has an understanding of key topics within the high risk client lifecycle management process, including: Source of Wealth corroboration, negative news and adverse media screening, collection of required Ultimate Beneficial Owner (UBO) documentation, nature and purpose of account, monitoring/mitigating of potential suspicious transactions, changes in regulatory rules, recent trends and enforcement actions, peer group leading practices, client risk rating, other AML related red flags.
• This position requires strong ownership of the learning process, prioritization and substantial analytic skills, case management skills and an ability to drive positive change. This position requires sound judgment, attention to detail, and the highest degree of confidentiality and accuracy in the handling of information and in discharging responsibilities.
• Effectively and voluntarily takes on additional roles and responsibilities including participating in special projects; and working closely with branches and business lines.

Required

• Conduct comprehensive investigations of clients by utilizing CIP information, occupation, line of business, income methods, and transaction activity as identified by the AML Solution based on predefined risks.
• Contact branches and business lines for clarification of client profile and/or account activity, as needed
• Performs transaction analysis of several types of businesses and captures a strong understanding of account purposes
• Prepares detailed High Risk EDD Reports for complex relationships and higher risk clients, including Politically Exposed Persons, Non-Bank Financial Institutions, Privately Owned ATM, Marijuana Related Businesses, etc, which include transactional analysis summaries and negative news findings utilizing using tools such as Internet search engines and other non-documentary search engines and AML solution.
• Analyze system generated and manually created alerts for high-risk client review and suspicious activities.
• Generated alerts, high-risk enhanced due diligence reports, and suspicious activity reports (SARs) must be completed according to established procedures.
• Stay well-informed on current money laundering and terrorist financing behaviors, issues, criminal typologies, industry best practices, regulations, and developing trends
• Minimum 3 years’ experience in BSA/AML Compliance including writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements or applicable experience
• Proven ability to balance quality and quantity of reports
• Certified Anti-Money Laundering Specialist (CAMS) designation, preferred.
• Strong knowledge of the laws applicable to money laundering, including Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements
• Strong understanding of banking products and services
• Strong research skills including experience with online search tools
• Strong proficiency in Microsoft Word, Excel, Access, PowerPoint and Outlook
• Strong writing, analytical and communication skills
• Able to multitask and complete projects on time, often on a tight deadline
• Strong relationship building skills both internally and externally
• Develops relationships within appropriate levels of management for issue identification and resolution.
• Flexibility to adapt to changing priorities to meet business needs.
• Pay determined based on job-related knowledge, skills, experience, and location.
• This position may be eligible for incentive compensation.
• Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
• Click here to view the “Know Your Rights: Workplace Discrimination is Illegal” Poster
• Cathay Bank endeavors to make www.CathayBank.comaccessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Preferred

• Certified Anti-Money Laundering Specialist (CAMS) designation, preferred.

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Life Insurance
• Long-Term Disability Insurance
• Flexible Spending Accounts
• Health Savings Account With Company Contributions
• Voluntary Coverages
• 401(k)