EDD Analyst I, II or Senior EDD Analyst

Tri Counties Bank•Chico, CA

11d•$26 - $48•Hybrid

About The Position

The EDD Analyst provides administrative and research support to Management to ensure operational compliance with Customer Due Diligence (CDD) requirements of the Bank’s BSA Program. The incumbent must be a logical thinker, possess the ability to review qualitative and quantitative information and make meaningful insights, deal well with ambiguity and work with a high level of independence on a daily basis. To be successful in this position a strong understanding of deposit and lending products is needed as well as overall bank operations as well as an aptitude for writing clear reports and notes. The EDD Analyst works regularly with business units and occasionally directly with clients to complete the new customer onboarding and ongoing due diligence. The Senior EDD Analyst works regularly with business units and occasionally directly with clients to complete the new customer onboarding and ongoing due diligence.

Requirements

Bachelor’s Degree preferred, High school diploma or GED required
5+ years of banking experience.
BSA experience related to CDD preferable.
Previous BSA/AML, fraud, loss prevention or corporate security investigative experience, or experience analyzing customer financial activity for unusual behavior is preferred.
Relevant law enforcement, other financial crimes investigation experience or regulator experience may substitute for some or all of the required banking experience
Ability to efficiently leverage multiple data sources including internal systems, internet, sourced intelligence, and external data bases
Excellent verbal and written communication skills
Strong analytical skills
Strong MS Word and Excel skills
Ability to multi-task and work in high volume environment
Expert knowledge of Bank services and products
Ability to manage time effectively
Ability to utilize personal computers and Windows driven programs
Excellent reading, comprehension and problem-solving skills
7+ years of banking experience
3+ years of experience completing CDD within a financial institution
Certified Anti-Money Laundering Specialist (CAMS) or similar certification
Experience in or an ability to learn quality control of other analyst work
May be tasked with making management-level relationship acceptance decisions in the absence of or at the direction of Management
An interest in being responsible to be viewed as a leader
Must have sufficient understanding of the Bank’s customer risk profile, the Bank’s EDD program and procedures, and strong comprehension of other BSA or related processes including Suspicious Activity Reporting (SAR), cybercrime, fraud, and currency transaction reporting
Expert knowledge of internal processes, systems and organizational structure
8+ years of banking experience
5+ years of experience processing and reporting suspicious activity within a financial institution
At least 1-year experience in a senior analyst role or prior team lead/supervisor experience within a financial institution
At least 1-year experience completing quality assurance reviews
An interest in fulfilling management-level responsibilities in the absence manager
Must have thorough understanding of the of the Bank’s customer risk profile, the Bank’s EDD program and procedures, and strong comprehension of other BSA or related processes including Suspicious Activity Reporting (SAR), cybercrime, fraud, and currency transaction reporting
May require participation in employee performance processes including performance reviews, counseling and payroll approval

Responsibilities

Performs relationship-level reviews of customer information and related transactions, analyzing complex data to assist in determining if customer activity is within the Bank’s risk tolerance
Make preliminary SAR referrals to relevant internal manager
Analyzes various ad-hoc reports and data manually to identify potentially high-risk customers
Reports promptly to Management regarding any known or suspected violations to the Bank’s BSA/AML programs, policies or procedures
Notifies the Management in a timely manner, of any recommended procedural or policy changes.
Cooperate, respond, and in a timely manner, implement any necessary corrections found either by independent testing or by compliance examiners, as approved by Management
Works in collaborative manner with business units and occasionally directly with customers to complete task such as onboarding new customers or completing ongoing due diligence
Will participate in other processes including but not limited to: CDD questionnaires, USA PATRIOT Act 314(a) searches, Office of Foreign Asset Control (OFAC) searches, Customer Identification Program (CIP), Ultimate Beneficial Ownership (UBO) and Designation of Exempt Persons (DOEP)
Maintains a current understanding of Bank policies and procedures in compliance with all federal and state laws, including but not limited to Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and Unfair, Deceptive or Abusive Acts or Practices (UDAAP) and any other applicable regulations that may be specific to your job duties.
May include other miscellaneous duties as assigned by the BSA Officer and/or EDD Manager
Maintains a current understanding of stated procedures and policies, including regulatory compliance issues.