EDD Analyst II

Pathward, N.A.

8h•Hybrid

About The Position

The EDD Analyst will be responsible for performing customer due diligence (CDD)/enhanced due diligence (EDD) reviews on the Bank’s higher-risk customers across all business lines spanning retail banking, commercial lending, prepaid/issuing programs, and Banking-as-a Service (BaaS) partnerships. This role supports efforts to ensure higher risk customer relationships are thoroughly and timely assessed, appropriately documented, and continuously monitored in accordance with BSA/AML regulatory requirements and the Bank’s risk appetite.

Requirements

Bachelor’s degree required
Two to three years’ experience in BSA/AML compliance within the financial services industry, with direct experience conducting EDD reviews on high-risk customers
Experience compiling data, analyzing, and explaining complex ownership structures
Understanding of financial crimes risks and red flag indicators, with the ability to use knowledge to assess customer risk effectively
Organizational and time management skills to appropriately prioritize workload and meet time-sensitive deadlines
Ability and willingness to work independently and in a team environment are required
Critical thinking and problem-solving skills are a must
Excellent organizational and communications skills (verbal and written)
Ability to perform tasks under pressure and in fast-paced environment
Ability to adapt to a dynamic and continuously changing environment
Soft skills to foster and maintain effective and positive working relationships with colleagues and business partners

Nice To Haves

Professional certification such as CAMS, CFCS, CFE, or similar
Experience performing EDD in one or more of the following areas: BaaS/fintech partnerships, prepaid/issuing, commercial customers, MSBs, or other higher-risk products/industries
Experience supporting SAR investigations and/or providing well-developed escalation summaries for investigations teams
Experience with Actimize or comparable financial crimes case management/transaction monitoring tools
Experience participating in audit/exam readiness activities (e.g., evidence gathering, responding to requests, addressing findings) within a regulated financial

Responsibilities

Complete EDD reviews for assigned periodic and event driven alerts within a designated timeframe in accordance with established procedures
Conduct open-source data searches using multiple resources to gather and analyze necessary information about the customer, business partners, owners, controllers, and other connected parties as appropriate
Analyze transactional data within a given timeframe and identify any potential red flags or inconsistencies
Organize and synthesize information compiled into a clear evaluation and recommended actions
Prepare detailed and succinct customer narratives that can be clearly understood by an independent tester, auditor, or regulator
Escalate identified financial crimes red flags and unusual activity using sound judgement
Provide support for ad-hoc projects as assigned