Enhanced Due Diligence Analyst

Key Responsibilities

The EDD Compliance Analyst will remediate all potentially high risk customers that were processed through on-boarding and perform a periodic review. The EDD Analyst will report to the EDD Manager and will assist the bank in ensuring that BSA/AML EDD procedures and processes are adhered to through providing advice to and assisting business management and staff in on-boarding new clients (in particular, those deemed higher risk) and in the periodic refresh of know your customer documentation.

The position is responsible to perform the following functions:Conduct additional research as needed to resolve potential hits, documenting, tracking and reporting. Conduct research and reporting using Internet, commercial databases, inquiries, bank inquiries, and contact with other investigative entities (e.g, fraud) and Branch Officers within the institution in supporting high risk customer AML program. Working with business lines requesting missing documents and referral of accounts to closure, if information is not received. Assist in review and approval of procedures changes and modifications as warranted. Researches and resolves routine, moderately complex operational or customer issues. Ability to work independently and make sound decisions based on research and materials reviewed. Tracking of customer refresh action plans, and reporting. Provide periodic stats and reporting. Perform quality control of records with missing documentation or being referred to closure. Responsible for collecting and evaluating the information and preparing well-written comprehensive reports.Support implementation of new products or monitoring system enhancements by performing UAT of systems and processes as a subject matter expert.Must adhere to pertinent laws, regulations, First Niagaras Compliance Policy and external compliance requirements.

QUALIFICATIONS:

Minimum QualificationsBachelor degree or equivalent job experience in the financial services industry.Certified Anti-Money Laundering Specialist or ability to obtain certification within one year of starting position.1 to 2 years experience and required knowledge of AML / BSA matters with prior experience in Customer Due Diligence. A working knowledge if anti-money laundering laws and regulations is important to the performance of this position.Proficiency in Windows & Windows based applications (Word, Excel & PowerPoint) skills.Skilled in Internet & commercial database search skills.Experience with AML tools (e.g., monitoring system) and case management tool.Ability to work as an individual contributor within a team setting and capable of sharing knowledge, mentoring and training other team members.Knowledge of financial crimes, specifically money laundering.Ability to organize raw data and resources available into an analytical investigative toolBanking Product/Service Knowledge Respond to internal customer need; can follow through and complete request on time. Ability to interact with multiple levels of management.Strong written and verbal communication skills.Strong corporate work ethics (timely, respectful, and considerate to co-workers, honest).