Enhanced Due Diligence Analyst

Nicolet National Bank; Iowa City (IA); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

401(k) with a company match

PTO & 11 1/2 Paid Holidays

Job summary

Nicolet National Bank in Iowa City is seeking an Enhanced Due Diligence Analyst to ensure compliance with money laundering and financial crime regulations. The role focuses on performing enhanced due diligence reviews on high‑risk customers and documenting findings.

You will validate risk ratings, coordinate with teams during investigations, and maintain accurate records while supporting policy updates and regulatory examinations.

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.

Responsibilities

• Perform, analyze, and document Enhanced Due Diligence reviews of high‑risk customers.
• Validate and document high‑risk ratings and mitigating factors.
• Initiate and manage customer outreach to obtain information for ongoing reviews.
• Maintain organized recordkeeping of EDD reviews and conclusions.
• Assist in updating policies to comply with regulatory changes.
• Identify unusual activity and escalate to case investigations.
• Prepare documents for examinations and audits and participate in discussions.
• Assist in troubleshooting system issues on BSA/AML platforms.
• Complete secondary review of regulatory filings for accuracy.
• Provide support for CIP, CDD, EDD, and OFAC functions.
• Remain current on BSA/AML regulatory requirements.

Skills

Analytical skills

Communication skills

Organization & multitasking

Handling confidential information

Education

Bachelor’s degree or equivalent

CAMS Certification (preferred)

Tools

Verafin monitoring application

Job description

Position:Enhanced Due Diligence Analyst

Location: Iowa City - Downtown, IA

Job Id:777

# of Openings:0

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 Analystis 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.

• 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