Financial Crimes Enhanced Due Diligence Analyst

Responsibilities

• Maintains compliance with the credit union’s Customer Identification Program (CIP), Customer Due Diligence (CDD) Program, and Beneficial Ownership process under The Bank Secrecy Act.
• Samples reviews of CDD files for completeness, quality, and compliance.
• Performs research related to the Enhanced Due Diligence (EDD) aspects of the BSA Program.
• Reviews business account documentation and information reviews to identify discrepancies that result in non-compliance and BSA Policy violations.
• Reports issues to business unit and BSA management.
• Works with business units to evaluate the specific risks associated with new and existing high-risk customers through customer due diligence reviews, suspicious activity reviews, and identifying related ownership interest.
• Maintains the due diligence database to help ensure compliance with EDD and Beneficial Ownership requirements.
• Conducts all risk rating duties related to new consumer accounts.
• Performs periodic monitoring of high-risk members and due diligence on high-risk accounts through anti-money laundering software and conducts complex investigations of high-risk members and businesses.

Skills

• Advanced analytical and problem-solving skills
• Strong skill level for math computation
• Advanced written and communication skills
• Interpersonal skills to work with various levels within the organization
• Advanced knowledge of financial institution products, policies, and transaction processes

Qualifications

• 1-3 years of related experience

About the Role

When you join the Members 1st team, you become part of something much bigger than a credit union. You become part of our faM1ly—a tight-knit bunch with big dreams and even bigger values. It is an exciting time for us as we continue to grow, and we hope that you will choose to grow along with us.

Compensation

We are excited to offer a competitive salary for this position. This figure serves as the entry point in our salary range, and there is potential for the actual salary to be higher based on a variety of factors, such as your experience, skills, education, and location. We believe in recognizing and rewarding talent, so our compensation packages are thoughtfully designed to reflect the unique qualifications and contributions of each candidate. The Minimum Salary For This Position Is $22.59+/hr