EDD Risk Analyst

To assist in the execution of the duties of the EDD, High Risk Customer Monitoring group, within the BSA Department. At the direction of the VP, EDD High Risk Customer Monitoring Group Manager, conduct high risk customer enhanced due diligence reviews, to include, forensic analysis of financial transactional activity, a review of actual vs expected customer activity, comparative analysis of customer activity within inherently high risk BSA/AML customer types and make recommendations based upon findings.


  • Assisting the VP, EDD High Risk Customer Monitoring Group Manager in working with BSA unit managers to ensure compliance with the Bank's overall BSA/ AML Compliance Program.

  • Performing enhanced due diligence (EDD) reviews of all assigned high risk customers. Use customer risk scoring models in accordance with departmental processes and procedures.

  • Conducting data analysis/ mining to identify high risk customers

  • Documenting EDD review findings in the appropriate databases to include all pertinent facts and i.nfo1mation, such as the preparation of narrative reports summarizing actions, findings and recommendations for next steps.

  • Completing EDD reviews in a timely and efficient manner. Suggest process enhancements and/ or research tools to increase efficiency and/ or accuracy.

  • Reviewing, resolving and/ or escalating alerts or other adverse news screening.

  • Recommending clear and concise referrals to the Financial Intelligence Unit for further investigations and potential SAR filing.

  • Elevating questions and concerns to the group manager as needed to make determinations and close EDD reviews.

  • Assisting with the preparation and delivery of ad-hoc BSA/ AML and OFAC compliance training based upon changes in regulato1y 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.?


  • Applying independent judgment in the identification and escalation of key BSA/ AML/ OFAC risks

  • Displaying a high level of professional aptitude and standards.

  • Performing other related duties as assigned by the VP, EDD High Risk Customer Monitoring Manager,


  • BA/BS degree is required and a professional certification (i.e., CAMS certification).

  • 3-5 years of experience in banking, with a strong emphasis on BSA, AML and OFAC laws and regulations.

  • Proven ability to use the full Microsoft Suite (Excel, Word, PowerPoint).

  • Proven ability to manage resources and competing priorities as required.

  • Excellent verbal, written, and interpersonal communication skills.

  • Excellent researching and time management skills with strong focus on attention to detail.

  • A team player able to work effectively in a team fostered, multi-tasking environment.?


Don't Be Fooled

The fraudster will send a check to the victim who has accepted a job. The check can be for multiple reasons such as signing bonus, supplies, etc. The victim will be instructed to deposit the check and use the money for any of these reasons and then instructed to send the remaining funds to the fraudster. The check will bounce and the victim is left responsible.

More Jobs

EDD Senior Risk Analyst
Queens Village, NY Infinity Consulting Solutions
Credit Risk Analyst - Portfolio Management Gro...
New York City, NY MUFG Union Bank
CIB Credit Risk -- CCP Quantitative Risk Analyst
New York City, NY JPMorgan Chase
Credit Risk Analyst - Finance and Investment ...
New York City, NY Mitsubishi UFJ Financial Group - Finance a...
Portfolio Analysis Group - Market Risk Analyst...
New York City, NY SMBC