VP EDD High Risk Customer Monitoring Group Manager

The Vice President, Enhanced Due Diligence - High Risk Customer Monitoring Group Manager, of the BSA Compliance unit, is the lead subject matter expert on inherently high risk BSA/ AML/TF customer types and is responsible for the oversight of the day-to-day management of the Enhanced Due Diligence (EDD) - High Risk Customer Monitoring Group. The incumbent is charged with working with the bank BSA Officer in tl1e development of the Enhanced Due Diligence strategy, processes and outcomes. Additionally, the incumbent will be expected to understand and make ongoing recommendations regarding on-going risk management strategies based upon EDD reviews.


  • Managing Enhanced Due Diligence (EDD) personnel responsible for conducting complex transactional analysis and due diligence reviews for high risk customers, including but not limited to, Money Services Businesses, Non Resident Aliens (NRAs), Politically Exposed Persons (PEP), Non-Bank Financial Institutions, Professional Service Providers etc.

  • The development, implementation and execution strategy of tl1e risk based EDD- high risk monitoring program to assure compliance with federal, state, legal and regulatory requirements.

  • Responsible for formulating, implementing and updating a global customer risk rating metl1odology and processes.

  • Managing and maintaining enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, rules, and regulations.

  • Oversight of key work streams to ensure processes are completed in an accurate and timely manner.

  • Providing compliance risk and data analysis expertise to BSA/AML/ USAPA/OFAC compliance projects, business projects and other initiatives.

  • Assisting in and the coordination of responses to internal auditors and external regulators (information requests) as part of coordinated examinations.

  • Interacting with State and Federal Regulatory Agencies, numerous risk and executive management, lines of business, and support organizations such as Internal Audit and Legal on an ongoing and regular basis.

  • Maintaining a high degree of knowledge of appropriate BSA/AML and OFAC laws and regulations, including regulatory updates and industry best practices.

  • Participating in process standardization and improvement discussions with the BSA Officer and process partners.


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

  • Displaying a high level of professional aptitude and standards.

  • Recommending improvements to process in areas of efficiency, control and work product.

  • Participating in committee meetings as necessary.

  • Ad-hoc and project support responsibilities, as required.


  • BA/BS degree is required and a professional certification preferred (i.e., CAMS certification preferred but can be obtained within 9 months of hire).

  • 5+ years of significant experience in banking compliance, with a strong emphasis on regulations and requirements. Must have prior experience managing a team.

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

  • Excellent verbal, written, problem solving and interpersonal communication skills.

  • 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

VP US Operational Risk Officer
New York City, NY ExecuNet
Payments Group - Managed Services Architect
New York City, NY CGI Technologies and Solutions, Inc.
High Growth Mid-Market Relationship Manager, T...
New York City, NY LinkedIn
Partnership Transactional Planning & Economics...
New York City, NY EY
Director Market Risk - Equity Financing Group
New York City, NY Barclays