EDD Analyst

Our client is a Community/Retail Bank based in Midtown Manhattan. They are looking for several EDD Analysts to join their team on a contract basis. This assignment will be at least 3 months but may be extended. This position is 5 days in office per week.

Responsibilities

• Performing EDD reviews of all assigned high risk customers in a timely and efficient manner.
• Documenting EDD review findings in the appropriate databases to include all pertinent facts and information, such as the preparation of narrative reports summarizing actions, findings and recommendations for next steps.
• Recommending clear and concise referrals to the Financial Intelligence Unit for further investigations and potential SAR filing.
• Assist EDD Team Lead in working with BSA managers and staff to ensure compliance with the Bank's overall BSA/ AML Compliance Program.
• Suggest process enhancements and/or research tools to increase efficiency and/or accuracy.
• Assist with the preparation and delivery of ad-hoc BSA/ AML and OFAC compliance training based upon changes in regulatory requirements and/ or emerging typologies.
• Maintaining awareness of regulatory updates and incorporate process and procedural changes into the EDD review process as directed by management.
• Interface with the bank’s business units to satisfy any relevant questions or issues that arise during such reviews.

Requirements

• Minimum of 3-5 years of High Risk EDD reviews, CIP/KYC Customer Onboarding, and knowledge of transaction monitoring.
• Experience reviewing domestic and international customers such as MSBs, Correspondent Banks, crypto platforms, hedge funds, real estate developers.