Senior Enhanced Due Diligence (EDD) Analyst
About The Position
Enhanced Due Diligence (EDD) Analysts are responsible for performing holistic due diligence reviews of High or Moderate Risk Customers in support of the Bank’s BSA/AML/KYC policies and procedures. EDD Analysts evaluate risk presented by these customers at initial onboarding and conduct complex reviews periodically throughout the customer relationship. EDD Analysts are responsible for research and thorough analysis of customer information to identify customers that may present a higher degree of risk for money laundering and other financial crimes, or other BSA related risks identified through automated risk scoring and supplemental risk detection and investigation. They assist with preparing materials for internal and external audits, and regulatory exams. EDD Analysts interact with Lending, Operations, and other front line personnel to achieve highest level of compliance for effective BSA/AML and OFAC compliance. Senior EDD Analysts are more experienced than EDD Analysts, have a thorough working knowledge of KYC and CDD regulatory expectations, are subject matter experts for our subdivisions and national business lines, are expected to evaluate customers that are more complicated, and work more closely with RMs, bankers, and other front line personnel.
Requirements
- 3 + years of related experience in Bank Secrecy Act Compliance, AML Compliance, Financial Services or similar field
- High school diploma required
- Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
- Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Intermediate knowledge of AML risks as they relate to transactional and credit operations of bank products and services.
- Intermediate knowledge of business entity documentation (e.g. Articles of Incorporation, Certificate of Good Standing, LLC Agreement, PC’s and Partnerships).
- Knowledge of AML risks as they relate to transactional and credit operations of bank products and services
- Knowledge of bank products including deposit, lending, ACH, ATM, RDC and correspondent banking or broader banking industry, government, military or law enforcement experience
- Understanding of complex business ownership hierarchies and entity types
- Knowledge of business entity documentation (e.g. Articles of Incorporation, Certificate of Good Standing, LLC Agreement, PC’s and Partnerships)
- Ability to meet regulatory deadlines with a sense of urgency while maintaining a high level of professionalism
- Intermediate speaking and writing communication skills.
- Capable of analytical research and demonstrated aptitude for problem solving
- Advanced knowledge of Microsoft Office, including WORD, EXCEL, and POWERPOINT
Nice To Haves
- Bachelor's degree in related field preferred.
- CAMS Certification preferred
Responsibilities
- Timely analysis of client onboarding information to verify accuracy and completeness
- Performing enhanced due diligence for clients considered in higher risk categories
- Conducting periodic and/or event driven reviews of client relationships
- Thorough documentation of all steps taken during the review process
- Adhere to bank policy, procedure and regulatory requirements and maintain a strict level of confidentiality
- Work in a team oriented and collaborative environment to ensure overall unit goals and deadlines are met
- Establish working relationships with key business partners across all lines of business
- Provide support and guidance to bank’s operational areas and assist with implementation of KYC related programs for the bank
- Assist with special projects and data gathering for audit and/or regulatory purposes
- Assist with internal audit and federal regulatory examinations
Benefits
- competitive salaries
- an ownership stake in the company
- medical and dental insurance
- time off
- a great 401k matching program
- tuition assistance program
- an employee volunteer program
- a wellness program
- opportunity to bolster business knowledge
- learning the ins and outs of how successful companies operate and manage their finances
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
