EDD Analyst

Edd Analyst

The EDD Analyst is responsible for maintaining certain aspects of the Bank's BSA/AML compliance program and assists in meeting and maintaining BSA/AML compliance requirements of the bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank's policies and procedures to reduce loss/risk to the bank. Assigned to a team responsible for performing Enhanced Due Diligence (EDD) reviews on high risk customers, including extensive analysis and documentation of the Bank's *know-your-customer* for these entities, as well as detailed transaction analysis for the high risk customer relationship. Reviews and investigates cases and alerts on the Bank's Transaction Monitoring & Case Management System. Prepares Suspicious Activity Report (SAR) narratives in a timely manner and in accordance with FinCEN's guidance and regulations.

Primary Responsibilities

• Works on a team that conducts periodic/annual Enhanced Due Diligence reviews of high-risk accounts.
• Reviews and analyzes transactional data for potential suspicious activity, including those generated from an alert detection process, subpoenas and warrants, negative media reports, as well as other sources as applicable.
• Works effectively with multiple complex data sources and/or technical analytical tools/resources to identify potentially unusual or suspicious activity as defined by AML/BSA regulations, and industry best practices for AML/BSA analysis.
• Identifies, researches, and reports suspicious activity.
• Manages the investigative process from initial detection to disposition and filing.
• Thoroughly (and timely) reviews reports and other investigative leads that potentially identify suspicious activity.
• Completes all investigation outputs, which may include regulatory filing and other mitigation actions within required timelines.
• Conducts research using the Internet, World-Check and review any press or media for adverse information impacting the Bank's reputational or regulatory status.
• Prepares Suspicious Activity Report (SAR) narratives in a timely manner and in accordance with FinCEN's guidance and regulations.
• Liaise with various internal departments as necessary.
• Works and contributes in a team-oriented and collaborative environment to improve the analytical and reporting processes.
• 2-3 years relevant experience in AML/BSA compliance
• CAMS certification is a plus
• Perform other duties and responsibilities as assigned.

Job Type: Full-time

Pay: From $85,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Retirement plan
• Vision insurance

Education:

• Bachelor's (Preferred)

Experience:

• AML/BSA compliance: 2 years (Required)

Work Location: In person

Salary : $85,000