Enhanced Due Diligence Analyst

Socket.dev; Green Bay (WI); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) match

PTO & 11.5 Holidays

Job summary

Nicolet National Bank is seeking an Enhanced Due Diligence Analyst to ensure compliance with laws preventing money laundering and financial crimes. The role analyzes high‑risk customers, conducts investigations, and supports CIP, CDD, EDD, and OFAC functions within the Financial Crimes Department.

You will document reviews, maintain records, and assist in examinations and audits while staying current on regulatory requirements and internal controls.

Qualifications

• Bachelor’s degree or equivalent combination of education and experience.
• 2 to 4 years of BSA work experience; CAMS preferred.
• Knowledge of Bank Secrecy Act/AML/Patriot Act, OFAC and related regulations.
• Experience with Verafin monitoring application.

Responsibilities

• Perform, analyze, and document Enhanced Due Diligence reviews for high‑risk customers.
• Validate high‑risk ratings and document mitigating factors.
• Initiate and manage customer outreach to obtain information for ongoing reviews.
• Maintain organized records of EDD reviews and conclusions.
• Assist with updating policies to comply with regulatory changes.

Skills

Analytical skills

Verbal & written communication

Organizational skills

Multi-tasking

Excel

Interpersonal skills

Education

Bachelor’s degree

Tools

Verafin monitoring

Microsoft Excel

Job description

At Nicolet National Bank, our culture is based on the principles of community banking, putting the needs of our customers at the forefront of our decision-making. Our Core Values drive everything we do, and we are committed to serving our customers with excellence. We believe that every job in our organization is critical to our success, and we are dedicated to creating a work environment where our employees feel valued, respected, and supported. With locations in Wisconsin, Michigan, Minnesota, Iowa, and Florida we are proud to service our local communities and make a positive impact on the lives of our customers. At Nicolet National Bank, we believe that our people are our most valuable asset, and we are committed to investing in their growth and development.

The Enhanced Due Diligence Analyst is responsible for ensuring that the Bank complies with relevant laws and regulations aimed at preventing money laundering, terrorist financing, and other financial crime. In addition, this role will support the Customer Due Diligence processes by performing enhanced due diligence reviews on high-risk customers. This would include but not be limited to analyzing transactional and demographic information, conducting investigations for potential suspicious activity, and evaluating customer risk factors.

As an Enhanced Due Diligence Analyst, you will:

• 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.
• Identifies unusual activity that warrants escalation to case investigation and presents case information to governing committees.
• Prepare documents that are requested as part of examinations and audits and be involved with 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 being completed.
• 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, thereby fulfilling legal responsibilities and enhancing the quality of services provided by Nicolet.
• Understand and communicate the value of diversity within the workplace and to work successfully with others without regard to age, gender, race, sexual orientation, ethnicity, culture, religion, disability status, socioeconomic status or other non-job-related classification, including a commitment to Nicolet’s policies on equal employment opportunities and non-discrimination with a willingness to pursue efforts of inclusion and respect toward different perspectives.
• Performs all other duties as assigned.

Qualifications:

• 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.
• Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC and Security Regulations.
• 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.
• 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.

Benefits:

• Medical, Dental, Vision, & Life Insurance
• 401(k) with a company match
• PTO & 11 1/2 Paid Holidays

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities and skills required for the position.

Equal Opportunity Employer/Veterans/Disabled