EDD Customer Monitoring Analyst, AT

Hybrid/New York, NY
Salary Range: $80,000 - $95,000
The Enhanced Due Diligence-Customer Monitoring (EDD-CM) unit is a sub-unit within Apple Bank for Savings’ (the Bank) AFC Department. The EDD-CM unit is a second line function that acts as a primary subject matter expert (SME) concerning enhanced customer due diligence monitoring and reviews. The Enhanced Due Diligence-Customer Monitoring Analyst is a member of the EDD-CM unit and is responsible for the daily operations within the AFC sub-unit.
Specifically, the EDD-Customer Monitoring Analyst will support the daily operations of the EDD-CM unit. At the direction of the Head of Enhanced Due Diligence-Customer Monitoring, the individual will conduct high-risk customer EDD reviews including forensic analysis of financial transactional activity, a review of actual versus expected customer activity, comparative analysis of customer activity within inherently high-risk BSA/AML customer types and make recommendations based upon findings.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Perform EDD reviews of all assigned high-risk customers including large complex relationships and those associated with sensitive domestic clients or clients associated with high-risk industries and use customer risk scoring models in accordance with AFC processes and procedures.
• Document EDD review findings in the appropriate databases and templates to include all pertinent facts and information, such as the preparation of narrative reports summarizing actions, findings, and recommendations for next steps.
• Complete EDD reviews within timelines set by EDD governance documentation.
• Complete EDD reviews to the quantity and quality standards and targets set by the Head of Enhanced Due Diligence-Customer Monitoring.
• Suggest process enhancements and research tools to increase efficiency and/or accuracy.
• Conduct customer name screening for PEP/Sanctions/adverse media and resolve/escalate any material information identified.
• Conduct in-depth transactional activity reviews and recommend clear and concise referrals to the Financial Intelligence Unit (FIU) for any unusual activity identified for potential Suspicious Activity Report (SAR) filing.
• Elevate questions and concerns to Enhanced Due Diligence-Customer Monitoring Team Leads or the Head of Enhanced Due Diligence-Customer Monitoring, as needed, to make determinations and close EDD reviews.
• Maintain awareness of regulatory updates and incorporate process and procedural changes into the EDD review process as directed by the Head of Enhanced Due Diligence-Customer Monitoring.
• Identify and escalate training or knowledge gaps related to the EDD process or wider BSA/AML topics.

ADDITIONAL DUTIES & RESPONSIBILITIES

• Apply independent judgment in the identification and escalation of key BSA/AML/Sanctions risks.
• Display a high level of professional aptitude and standards.
• Recommend improvements to process in areas of efficiency, control, and work product.
• Participate in committee meetings, as necessary.
• Perform other duties as requested.

SKILLS, EDUCATION, & EXPERIENCE

• Bachelor’s degree required
• Minimum 1 year of experience in banking compliance, with a strong emphasis on BSA/AML regulations and requirements.
• Excellent verbal, written, and interpersonal communication skills.
• Excellent researching and time management skills with strong focus on attention to detail.
• The ability to work effectively in a team-fostered, multi-tasking environment.
• Professional certification (i.e. CAMS) helpful but not required.

Visa sponsorship not available.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.