Enhanced Due Diligence Analyst

This role is available as 100% remote, on-site in Alexandria, or a hybrid. 

Burke & Herbert Bank is a growing financial services company focused on making meaningful investments in our clients, employees, and shareholders.  Established in 1852, we are proud to be the oldest bank in the Washington, D.C. region.  We have a long, successful track record of serving generations of individuals, families and businesses across the area and are deeply invested in the welfare and prosperity of the people who live here.

To help us attract the best and brightest individuals, we offer outstanding benefits including:

•      Competitive compensation package

•      Excellent family medical, dental, vision, and other insurance benefits

•      Generous PTO & Holidays

•      Work/Life Balance Initiatives

•      401k with Employer Match

•      Educational Assistance

Summary/Objective

The EDD Analyst is responsible for conducting detailed Enhanced Due Diligence reviews of both high risk customers and special requests that arise through the Bank’s lines of business. In this role, you will utilize open source (OSINT) research methodologies and proprietary tools to investigate high-risk customers, analyze a customer’s transactions, and identify any suspicious activity for further review. The ideal candidate is a highly motivated, inquisitive individual with a background in research, financial crimes, or due diligence and is someone who enjoys analytic challenges, creative thinking, and problem solving.

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

• An understanding of the Bank Secrecy Act (BSA) and Know Your Customer (KYC), AML, and OFAC regulatory requirements;
• Knowledge of advanced internet-based research, including Boolean logic;
• Strong analytic, communication, investigative, and time management skills;
• Excellent written and verbal communication skills; 
• Ability to meet deadlines and manage evolving/shifting deadlines as determined by manager; and
• A desire to learn, cross-training, and become a subject matter expert in enhanced due diligence, financial crimes, and banking laws and regulations.

Education and Experience

• A bachelor’s degree in a relevant field (i.e.; accounting, finance, political science, securities studies, history);
• A minimum of 1-3 years of financial crimes, due diligence, anti-money laundering (AML), or OSINT research experience;
• CFE, CAMS or other industry certification is preferred; and
• Working knowledge of Verafin, Jack Henry suit of products, Microsoft Office applications.

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.