The Financial Crimes team is seeking staff augmentation to support the Enhanced Due Diligence (EDD) process for high-risk customers. The selected candidate will be responsible for performing EDD activities, including the assessment and underwriting of high-risk customers in accordance with established guidelines. This role involves reviewing and analyzing client information and account transactional activity, writing clear, concise summaries of customer risks and mitigating factors, and providing a final recommendation for customer retainability.
The work will require quick adaptation to company policies, procedures, guidelines, and governance programs, as well as the ability to use various systems to support research. Additionally, EDD reviews must meet internal quality standards. Beyond reviewing customers, the analyst may also assist with the execution of due diligence reporting processes, controls, and collaborate with peers, managers, and both internal and external partners to resolve issues and meet objectives.
Key Responsibilities:
- Perform EDD activities focused on assessing and underwriting high-risk customers.
- Review client information and transactional activity to assess potential risks.
- Write clear, concise summaries identifying risks and mitigating factors, with final recommendations on customer retainability.
- Learn and follow company policies, procedures, guidelines, and governance programs.
- Use various systems for research and analysis.
- Ensure EDD reviews meet internal quality standards.
- Support due diligence reporting processes and controls.
- Collaborate with internal and external partners to resolve issues and achieve goals.
Qualifications:
- BSA/AML/OFAC Regulatory Compliance experience in large financial institutions.
- Experience in complex financial crimes due diligence and risk analysis, including transactional reviews.
- Previous experience with assessing and underwriting high-risk customer segments.
- Strong communication skills, with the ability to articulate risks and recommendations clearly in writing.
- Strong analytical skills with a high attention to detail and accuracy.
