EDD Analyst

Amalgamated Bank of NY•New York, NY

6d•$70,000 - $90,000•Hybrid

About The Position

The Enhanced Due Diligence Analyst plays a critical role in identifying and mitigating financial crime risks by conducting in-depth reviews of high-risk clients and transactions. This position supports the institution’s compliance with anti-money laundering (AML), counter-terrorist financing (CTF), and sanctions regulations through thorough analysis and documentation. Analyst will review customer relationships that are designated as high-risk to determine if there is unusual activity or other risk factors identified, perform a risk analysis, and make a final recommendation for the customer’s risk rating based on the enhanced due diligence performed.

Requirements

Minimum 3 years experience in BSA, Financial Crimes, Fraud, or Compliance performing customer investigations
Conduct comprehensive research utilizing computer-based tools, including reviews of media sources, public records databases, and open-source information
Knowledge of anti-money laundering, Bank Secrecy Act (“BSA”), terrorism financing, Office of Foreign Assets Control (“OFAC”), transaction monitoring, know-your-customer (“KYC”), customer due diligence (“CDD”), sanctions compliance, fraud, and broader compliance fields.
Strong written/verbal communication and interpersonal skills
Strong research and organizational skills
Ability to work independently with limited supervision
Ability to work with a diverse range of people
Familiarity with Microsoft Word, Excel and experience using internet search engines
Strong analytical, deductive reasoning and judgment skills

Nice To Haves

Prior experience with political customer types a plus
CAMS certification or equivalent preferred

Responsibilities

Execute thorough enhanced due diligence (EDD) investigations on designated high-risk customers—including politically exposed persons (PEPs), entities with complex ownership structures, and individuals operating in high-risk jurisdictions—in full alignment with departmental procedures and regulatory standards.
Ensure timely completion of case reviews by adhering to assigned due dates and consistently meeting established production targets, while maintaining accuracy, analytical depth, and documentation quality.
Craft comprehensive and well-structured narrative reports that articulate the findings of enhanced due diligence reviews, providing clarity around customer risk profiles, transaction patterns, and potential red flags.
Monitor and escalate suspicious activity (AML/Fraud) in accordance with internal policies and regulatory requirements.
Conduct comprehensive research utilizing computer-based tools, including reviews of media sources, public records databases, and open-source information.
Collaborate with various lines of business (KYC onboarding teams, relationship managers, and compliance officers) to ensure accurate and complete customer information.
Maintain detailed records of investigations and decisions to support audit and regulatory reviews.
Stay current with evolving AML/CTF regulations, sanctions programs, and industry best practices (such as attending webinars, seminars and training sessions).
Participate in internal projects to improve KYC/EDD processes and systems.
Perform other duties as directed.