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Enhanced Due Diligence Analyst

Burke & Herbert Bank & Trust
Alexandria, VA
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

 

Summary/Objective

The EDD Analyst is responsible for conducting detailed Enhanced Due Diligence reviews of both high risk customers and special request reviews that arise through the Bank’s lines of business.  

Enhanced Due Diligence specialists use open source and internal resources to perform reviews and investigations that include an analysis of the agent’s or customer’s profile as it relates to personal identification, corporate affiliations, licensing and other required documentation.

 

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

  • Prepare detailed financial intelligence reports which includes identification and verification of customer identity, CIP information, transactional analysis summaries and negative news findings utilizing internal and third-party research tools.
  • Conduct comprehensive due diligence investigations, provide a detailed understanding of the customer’s relationship with the Bank, assess the risk of new customers, document findings and all pertinent facts and information to support results, ensure management is apprised of key issues, risks and the appropriate monitoring needed to mitigate risk.
  • Perform extensive open source research on complex and time sensitive matters in support of BSA Operations.
  • Assists Senior Analysts and Management with identifying and escalating potential suspicious activity.
  • Responsible for managing time effectively to meet deadlines.
  • Work collaboratively with the BSA Operations Manager on implementation of the Bank’s BSA Program and procedures for complying with regulations.
  • Maintain current knowledge of banking laws and regulations.


 Other Duties

  • Complies with all policies and procedures as applied to the Bank's BSA/AML policy.  
  • Perform other duties as assigned.

 

Skills/Abilities

  • Thorough knowledge of Bank Secrecy Act and related regulations (including OFAC) a must. To include a working knowledge of AML, EDD, and KYC regulatory requirements
  • Knowledge of advanced internet-based research, including Boolean logic
  • High level of analytical, problem-solving and investigative skill set. Strong research, analytical and comprehension skills, with ability to analyze large amounts of data
  • Motivated, team-oriented, with the ability to work independently
  • Strong written and verbal communication skills
  • Ability to meet deadlines and manage evolving/shifting deadlines as determined by manager

 Education and Experience

  • Bachelor's degree required
  • Minimum 1-3 years of Financial Crimes, AML or EDD Investigations
  • CFE, CAMS or other industry certification is preferred
  • Working knowledge of Verafin, Jack Henry suit of products, Microsoft Office applications preferred

Supervisory Responsibility

This position has no supervisory responsibilities.

 

Work Environment

This job operates in a clerical office setting.  This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.  Office environment with job duties conducted via telephone, face to face meetings, and on the computer.  

 

Physical Demands

This position requires manual dexterity, the ability to lift files and opening cabinets.  This position requires bending, stooping or standing as necessary.

 

Travel

Travel may be required for this position.



 

 Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.  Duties, responsibilities and activities may change at any time with or without notice.

Burke & Herbert Bank & Trust

Address

Alexandria, VA
22314 USA

Industry

Finance and Insurance

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