Senior Enhanced Due Diligence (EDD) Analyst

Summary: The Senior Enhanced Due Diligence (EDD) Analyst will assist the High-Risk EDD Manager in the administration of the high-risk customer EDD program, a part of Dime's BSA/AML/OFAC program. The Senior EDD Analyst performs analysis of complex financial transactions and additional Due Diligence as required for high-risk customers, and as otherwise directed by the High-Risk EDD Manager. This role also provides guidance and quality assurance for EDD Analysts as needed.

Salary commensurate with experience, ranging from $60,000 to $80,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.

All applicants must attach a recent resume. This is NOT a remote role. This role is 4 days/week in office and 1 day remote.

Responsibilities:

• Review and evaluate the Transaction Monitoring system’s alerts (including related modules) for Low, Medium and High Risk accounts as assigned and directed.
• Perform timely Enhanced Due Diligence (EDD) reviews for higher risk customers in accordance with established procedures.
• Conduct negative news searches on entities and beneficial owners.
• Contact branches for additional information needed to explain activity that has been identified as potentially unusual or suspicious.
• Identify and refer potentially suspicious activity for further investigation by grouping the suspect transactions and gathering supporting documentation.
• Complete investigations of potentially unusual or suspicious transactions by preparing and/or finalizing an investigation narrative and gathering supporting documentation in accordance with departmental guidelines.
• Prepare SARs in accordance with departmental procedures and templates.
• Perform Subpoena reviews as directed and in accordance with department procedures.
• Assist in maintaining departmental policies and procedures.
• Assist with BSA/AML Compliance training development and updates for new employees and other Bank departments.
• Gather and provide data for quarterly Compliance Committee of the Board reports and updating of the Bank’s BSA/AML and OFAC Risk Assessments.
• Any other duties or special projects as assigned by BSA Management.

Qualifications:

• Bachelor’s degree or equivalent job experience required.
• Minimum of five years’ experience in the financial services industry, of which at least three years must be BSA/AML/OFAC compliance analysis and investigation experience.
• General understanding of BSA/AML and OFAC laws, regulations, and guidance.
• The ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations is essential.
• Must exhibit the ability to work both independently and in a team oriented environment.
• Ability to work with other business units in a professional manner.
• Strong transactional research, analytical, multitasking, and problem solving skills required.
• Excellent communication (verbal and written), organizational, and follow-up skills are necessary.
• Strong knowledge of Microsoft Office (Outlook, Word, Excel, PowerPoint).
• CAMS certification a plus.