Senior Enhanced Due Diligence; EDD) Analyst

Job Category: Risk

Requisition Number: SENIO
003820

Summary
:
Dime Commercial Bank (Dime) is currently hiring for a Senior Enhanced Due Diligence (EDD) Analyst at its Headquarters in Hauppauge, Long Island. The Senior EDD Analyst will assist in the administration of the high-risk customer Enhanced Due Diligence (EDD) program, a part of Dime’s BSA/AML/OFAC program. The Senior EDD Analyst will perform analysis of complex financial transactions and additional due diligence as required for high-risk customers, as directed by Department Management.

This role will also provide guidance and quality assurance for the EDD Analysts as needed.
Ideal candidates will be able to perform complex reviews and investigations for high-risk customers, including, but not limited to:
Alternative Investments (e.g., hedge funds), non-U.S./Internationally focused businesses, Non-Bank Financial Institutions, Cannabis-related business activity. Current or past experience with Abrigo a plus.

Salary commensurate with experience, ranging from $72,500 to $82,500 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.

All applicants must attach a recent resume.

Responsibilities
:

• Perform timely Enhanced Due Diligence (EDD) reviews for higher risk customers in accordance with established procedures.
• Conduct negative news searches on entities and beneficial owners.
• Contact branches for additional information needed to explain activity that has been identified as potentially unusual or suspicious.
• Identify and refer potentially suspicious activity for further investigation by grouping the suspect transactions and gathering supporting documentation.
• Complete investigations of potentially unusual or suspicious transactions by preparing and/or finalizing an investigation narrative and gathering supporting documentation in accordance with departmental guidelines.
• Perform complex reviews and investigations for high-risk customers, including, but not limited to:
  Alternative Investments (e.g., hedge funds), non-U.S./Internationally focused businesses, Non-Bank Financial Institutions, Cannabis-related business activity.
• Prepare SARs in accordance with departmental procedures and templates.
• Perform Subpoena reviews as directed and in accordance with departmental procedures.
• Assist in maintaining departmental policies and procedures.
• Assist with BSA/AML Compliance training development and updates for new employees and other Bank departments.
• Gather and provide data for quarterly Compliance Committee of the Board reports and updating of the Bank’s BSA/AML and OFAC Risk Assessments.
• Any other duties or special projects as assigned by BSA Management.

Qualifications
:

• Bachelor’s degree or equivalent job experience required.
• Minimum five years’ experience in the financial services industry, of which at least three years must be BSA/AML/OFAC compliance analysis and investigation experience.
• General understanding of BSA/AML and OFAC laws, regulations, and guidance.
• Current or past experience with Abrigo a plus.
• Ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations essential.
• Must exhibit ability to work both independently and in a team-oriented environment.
• Ability to work with other business units in a professional manner.
• Strong transactional research, analytical, multitasking, and problem-solving skills required.
• Excellent communication (verbal and written), organizational, and follow-up skills are necessary.
• Strong knowledge of Microsoft Office (Outlook, Word, Excel, PowerPoint).

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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