Enhanced Due Diligence Analyst-(Remote)

Shuvel Digital; United States; Remote; USD 80,000 - 100,000; Full time

Job summary

Join a dynamic team as an Enhanced Due Diligence Analyst, where you will play a crucial role in safeguarding against financial crimes. This position involves conducting in-depth assessments of transaction patterns and member risk, collaborating closely with senior analysts to escalate suspicious activities. You will prepare Suspicious Activity Reports (SARs) and ensure compliance with regulatory requirements while staying updated on industry regulations. If you're passionate about financial integrity and have strong analytical skills, this is an exciting opportunity to make a significant impact in the financial services sector.

Qualifications

• Bachelor's degree in finance or business required.
• 1-2 years in financial services or compliance preferred.

Responsibilities

• Conduct enhanced due diligence and risk assessments.
• Prepare and submit Suspicious Activity Reports (SARs).
• Collaborate with team members for efficient workflow.

Skills

Analytical Skills

Communication Skills

Knowledge of BSA/AML Regulations

Team Collaboration

Attention to Detail

Microsoft Office Proficiency

Education

Bachelor's Degree in Finance

Bachelor's Degree in Business

CAMS Certification

Tools

Microsoft Office

Job description

Job Description:

The Enhanced Due Diligence (EDD) Analyst conducts assessments of members' risk for money laundering, financial crimes, and terrorist financing by thoroughly analyzing transaction patterns, negative news, and comparing expected versus actual activity based on the business nature. This role requires collaboration with senior analysts to escalate suspicious activities for further investigation and stays abreast of industry trends and regulations related to financial crime typologies. In addition to EDD responsibilities, this role involves conducting thorough investigations into suspicious activities, preparing Suspicious Activity Reports (SARs), and ensuring compliance with regulatory requirements.

Key Responsibilities:

• Conduct enhanced due diligence on member profiles, including 90-day and high-risk reviews, and recommend ongoing monitoring as needed.
• Assist in reviewing case management output for entities requiring action.
• Support senior analysts in assessing member risk ratings and eligibility for continued monitoring and Enhanced Due Diligence (EDD).
• Analyze account relationships, transactions, and business structures to recommend risk-based actions, escalating suspicious activity when necessary.
• Prepare and submit SARs in compliance with regulatory guidelines.
• Collaborate with team members to ensure efficient workflow and accurate results.
• Assist in preparing reports, including findings and recommendations.
• Basic understanding of grand juries and 314(a) information sharing process to effectively navigate legal requirements in financial crime investigations.
• Stay updated on industry regulations and best practices related to money laundering, financial crime, and terrorist financing.

Qualifications

• Bachelor's degree in finance, business, or a related field.
• 1-2 years of experience in financial services, compliance, or a related field.
• Familiarity with BSA/AML regulations and KYC processes.
• Strong analytical skills with attention to detail.
• Excellent communication skills, both written and verbal.
• Proficiency in Microsoft Office applications.
• Ability to work effectively in a team environment and collaborate with colleagues.
• CAMS certification is a plus.