Sr CDD/EDD Analyst

Ent Credit Union•Apple Valley, MN

5h•$77,000 - $90,000

About The Position

The Sr CDD/EDD Analyst will be a member of the CDD/EDD Team and will be responsible working both independently and as a team member to ensure compliance with Federal Bank Secrecy and Anti-Money Laundering laws. This role will be responsible for account monitoring which includes high risk accounts.

Requirements

College Degree preferred
5+ years working with BSA/AML/CFT or similar experience, at a financial institution, to include:
3+ years of experience working with business account Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) at a financial institution
Knowledge of analytical techniques to evaluate complex and ambiguous information and identify patterns or trends.
Skilled in applying critical thinking to investigate issues, assess information, and develop well-reasoned conclusions.
Ability to make sound, risk-based decisions using available information, guidance, and professional judgment.
Skilled in written and verbal communication to clearly document findings and explain analyses to stakeholders.
Ability to build and maintain effective working relationships with internal partners and stakeholders.
Ability to manage multiple priorities, adapt to changing demands, and execute work with a sense of urgency.
Knowledge of BSA/AML laws, regulations, and internal policies and procedures.
Skilled in assessing customer risk profiles, including review of business structures and ownership information.
Skilled in analyzing transactional activity to identify patterns, anomalies, and potential suspicious activity.
Ability to conduct research using public records, open-source information, and internal or third-party systems.
Ability to apply risk-based approaches to identify concerns and determine appropriate escalation or mitigation.
Skilled in preparing clear, accurate, and well-supported documentation to meet investigative and regulatory requirements.
BSA/AML (CAMS) Certification within 1 year of hire

Responsibilities

Conducting investigative research of individuals, entities, and events to assess and mitigate BSA/AML/CFT risk.
Conduct identification and verification processes to assess member risk profiles.
Identify gaps in member profiles and coordinate with internal partners to obtain required information.
Assist in reviewing onboarding processes to ensure sufficient information is collected.
Analyze transactional data for patterns and anomalies; develop investigative narratives.
Monitoring high-risk accounts and conducting periodic reviews.
Investigating suspicious transactions and reporting to BSA Team.
Apply research and analytic techniques to produce assessment summaries and investigative reports.
Utilize systems to store business information per retention guidelines.
Serve as subject matter expert for CDD/EDD/CFT compliance.
Assist in development and delivery of training for employees.
Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.