Location: Hauppauge,NY, USA
Summary: The Associate Enhanced Due Diligence (EDD) Analyst will assist the EDD Team in the administration of the high-risk customer EDD program, a part of Dime's BSA/AML/OFAC program. The role will also perform additional due diligence and analysis as required for high-risk customers, and as otherwise directed by the KYC-EDD Program Manager.
Salary commensurate with experience, ranging from $50,000 to $60,000 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.
Responsibilities:
* Perform timely EDD reviews for higher risk customers in accordance with established procedures.
* Assist with the on-boarding of higher risk customers such as foreign business, Non-Bank Financial Institutions and Charitable Organizations.
* 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 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.
* Escalate investigations of potentially unusual or suspicious transactions to BSA Management by preparing a draft investigation narrative and gathering supporting documentation in accordance with departmental guidelines.
* Handle other duties or special projects as assigned by BSA Management.
Qualifications:
* Bachelor's degree preferred.
* Minimum two years' experience in the financial services industry; prior BSA/AML experience not required.
* General understanding of BSA/AML and OFAC laws, regulations, and guidance.
* Ability to understand, interpret, convey, and implement requirements of pertinent laws and regulations 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.
* Must be proficient in Microsoft Office suite software, including but not limited to Word, Excel, and Outlook.
* CAMS certification a plus.