Senior Enhanced Due Diligence (EDD) Analyst (in-office)

Dime Commercial Bank; Hauppauge (NY); On-site; USD 73,000 - 83,000; Full time

Job summary

Dime Commercial Bank in Hauppauge, NY is seeking a Senior Enhanced Due Diligence (EDD) Analyst to support its BSA/AML/OFAC program and high‑risk customer reviews.

You will perform complex investigations, conduct negative news checks, prepare SARs, and coordinate with branches to obtain documentation for high‑risk entities.

Qualifications include a bachelor’s degree and at least five years in financial services with AML/OFAC experience; Abrigo experience is a plus.

Qualifications

• Bachelor’s degree or equivalent job experience required.
• Minimum five years in financial services with AML/OFAC analysis and investigations.
• General understanding of BSA/AML and OFAC laws, regulations, and guidance.
• Current or past Abrigo experience is a plus.
• Ability to understand and implement legal requirements.
• Ability to work both independently and in a team.
• Excellent communication and organizational skills.

Responsibilities

• Perform timely EDD reviews for higher risk customers per procedures.
• Conduct negative news searches on entities and owners.
• Contact branches for additional information to explain activity.
• Identify and refer suspicious activity for investigation with documentation.
• Complete investigations and finalize narratives with supporting docs.
• Prepare SARs per procedures and templates.
• Perform subpoena reviews per departmental guidelines.
• Assist in maintaining policies and procedures.
• Assist with compliance training development and updates.
• Gather data for quarterly Compliance Committee reports and risk assessments.
• Undertake other duties as assigned by BSA Management.

Skills

BSA/AML compliance

High-risk investigations

Complex reviews

Communication skills

Abrigo

Education

Bachelor’s degree or equivalent experience

Tools

Abrigo

Job description

Senior Enhanced Due Diligence (EDD) Analyst (in-office)

Job Category: Risk

Requisition Number: SENIO003820

Description

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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