Sr. CDD/EDD Analyst

Position Title

Sr. CDD/EDD Analyst

Location

New York, NY 10018

Job Summary

The CDD/EDD Senior Analyst is responsible for maintaining certain aspects of the Bank's BSA/AML compliance program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank’s policies and procedures to reduce loss/risk to the Bank.

Assigned to a team responsible for performing CDD/EDD reviews that may range from routine to highly complex for high risk customers, utilizing customer KYC, external research, and extensive account analysis. This includes performing in depth research and detailed account analysis reviewing and investigating cases on the Bank’s Case Management System. Handles complex reviews and investigates potentially suspicious activity. Assists Management in the completion and tracking of various Quality Control functions in the BSA/AML & Sanctions Compliance Department. Prepares Suspicious Activity Report (SAR) narratives in a timely manner and in accordance with FinCEN’s guidance and regulations. Assists with mentoring and training team members.


Pay Range $64,022.43 - $83,229.16 - $102,435.89

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• Performs customer due diligence and enhanced due diligence reviews and review of other monitoring reports on a daily basis. Completes Suspicious Activity Reports (SARs) in accordance with FinCEN’s guidance and regulations. Refers for account closure where appropriate.

• Communicates with branch personnel and management to verify accuracy of customer information & determine if activity in question is expected for the particular type of customer, and are responsible to ensure all discrepancies are documented and resolved.

• Engage in additional assignments as directed by management. Attend and participate in team/department staff meetings and continuing education training. Acquire and maintain working knowledge of all compliance, regulatory, and business unit policy, standar

• Performs quality assurance reviews, tracking and follow up for documentation and required clarifications for each CDD/EDD review performed, ensuring ultimate resolution of any pending items within the CDD/EDD file.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.

• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.  Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent)  Undergraduate Degree in Finance, accounting, business management, or criminal justice or equivalent related work experience.

• Minimum experience required: 3+ Years of experience in AML with a focus on CDD/EDD.

• Experience with navigating banking systems and performing detailed customer transaction analysis especially for high-risk customers.

Preferred Qualifications:

• ACAMS certification preferred.

Job Competencies:

• Excellent knowledge and understanding of general BSA/AML, OFAC, and USA PATRIOT Act and risk management principles.

• Excellent knowledge of BSA monitoring systems.

• Excellent knowledge of core banking systems.

• Advanced computer literacy skills with proficiency in Microsoft Office as well as Internet research techniques.

• Excellent verbal and written communication skills.

• Highly developed analytical and problem-solving skills.

• Strong organizational skills.

• High degree of accuracy and attention to detail.

• Ability to work and contribute in a team-oriented and collaborative environment to improve the analytical and reporting processes.

• Ability to meet deadlines and manage multiple tasks in a fast-paced environment.

• Ability to mentor and assist department staff.

• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer.