Enhanced Due Diligence Analyst

About the role

As an Enhanced Due Diligence Analyst at Nicolet National Bank, you will ensure the Bank complies with relevant laws and regulations aimed at preventing money laundering, terrorist financing, and other financial crimes. This role supports Customer Due Diligence processes by performing enhanced due diligence reviews on high-risk customers, analyzing transactional and demographic information, conducting investigations for potential suspicious activity, and evaluating customer risk factors.

Responsibilities

• Perform, analyze, and document Enhanced Due Diligence (EDD) reviews of the Bank’s high-risk customers in alignment with procedures and policies.
• Validate and document high-risk ratings assigned to the Bank’s customers as well as any mitigating factors to maintain an appropriate review cadence.
• Initiate and manage customer outreach to obtain relevant information and documentation to facilitate ongoing reviews.
• Maintain organized and accurate recordkeeping of EDD reviews and conclusions.
• Assist the BSA Administrative Officer in maintaining, updating, and revising relevant policies and procedures to comply with regulatory changes and expectations.
• Identify unusual activity that warrants escalation to case investigation and present case information to governing committees.
• Prepare documents requested as part of examinations and audits and participate in auditor and examiner discussions.
• Assist in troubleshooting system issues on the various BSA/AML software platforms.
• Complete secondary review of regulatory filings for accuracy and completeness prior to filing.
• Assist in Quality Assurance reviews on various BSA/AML related alerts.
• Provide support for CIP, CDD, EDD, and OFAC functions of the Financial Crimes Department.
• Remain current on BSA/AML related issues and regulatory requirements.
• Uphold Nicolet’s philosophy and policies by maintaining appropriate controls to ensure full compliance with applicable laws and regulations.
• Perform all other duties as assigned.

Requirements

• Bachelor’s degree or equivalent combination of post-high school education and related work experience.
• 2 to 4 years of related BSA work experience.
• CAMS Certification preferred.
• Knowledge of Bank Secrecy Act/Anti-Money Laundering/U.S. Patriot Act, OFAC, and Security Regulations.
• Experience with High-Risk Customer, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
• Experience and expertise regarding the Verafin monitoring application.
• Ability to develop and maintain effective working relationships throughout the bank.
• Ability to act independently and perform duties with limited supervision.

Skills

• Strong PC skills, with proficiency in Excel and Microsoft Office suite.
• Ability to deal sensitively with highly confidential information.
• Strong organizational, multi-tasking, and prioritizing skills.
• Excellent analytical skills.
• Effective verbal and written communication skills and strong interpersonal skills.
• Commitment to diversity, inclusion, and equal employment opportunities.

Benefits

• Medical, Dental, Vision, & Life Insurance
• 401(k) with a company match
• PTO & 11 ½ Paid Holidays