Summary/Objective:
The EDD Manager is responsible for managing the Bank’s enhanced due diligence program (EDD) and the handling of high-risk customers, products and services.
Essential Functions:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Develop specialized knowledge of all BSA, USA Patriot Act compliance requirements and apply knowledge of patterns and trends related to money laundering and terrorist financing to customer relationships that may pose a higher risk to the bank.

• Conduct due diligence research/investigations on all new and existing accounts high risk accounts and ensure that all required information for compliance with the USA Patriot Act, Section 326 and the Bank's Customer Identification Program & Enhanced Due Diligence Program (CIP/EDD) is collected at account opening and ensure procedures are adhered to.

• Review transactional data to identify activity commensurate with customer relationships that pose a higher risk of money laundering or terrorist financing.

• Apply research and investigations strategies to assess customers for BSA/AML risk and assign risk ratings.

• Interact with business line personnel, AML and BSA teams to understand client behavior and communicate activity of interest and/or concern.

• Conduct ongoing monitoring/analysis of customers for possible changes to risk rating.

• Recommend and support escalation of unusual or potentially suspicious activity to the AML

team for investigation and SAR filing.

• Recommend enhancements to make the due diligence review processing more efficient.

• Implements recommendations for department policy changes and efficiencies.

• Any other duties or special projects assigned by Deputy BSA Officer

Competencies:
In order to perform the job successfully, an individual should demonstrate the following competencies:

• Apply core AML skills to financial products and processes.

• Communicate issues to Deputy BSA Officer, BSA Officer or the Chief Compliance Officer in an

effective manner.
Supervisory Responsibility:

• May supervise EDD staff.

• Interview, hire, and train EDD staff; plan, assign, and direct work; appraise performance; reward

and discipline employees; addressing complaints and resolving problems.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand; walk; sit; reach with hands and arms and talk or hear.
Travel Requirements: N/A
Required Education and Experience:
Bachelor's degree from an accredited four-year college or university. 5 to 7 Years of AML compliance experience in the financial industry. Advanced understanding of AML principles, specifically the laws, regulations, and guidance promulgated under the BSA and USA PATRIOT Act.
Additional Qualifications:
CAMS Certification
Language/Communication Skills:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers.
Risk Management Responsibilities:

• ● provide the first line with advisory guidance and routinely monitor for compliance, assess risks and the activities to mitigate the risks.

• ● establish the Bank risk appetite statement; assist the first line on risk identification and assessment, and independently determine if the Bank risk profiles are within the Bank risk tolerance.

• ● has sufficient authority, stature, independence, resources and access to the Board & executive management to raise risks and concerns.

Job Type: Full-time
Pay: $90,000.00 - $110,000.00 per year
Experience:

• Bank Secrecy Act: 2 years (Required)
• Anti-money laundering: 2 years (Required)

Work Location: In person