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Teachers Federal Credit Union · 1 day ago

Senior EDD Analyst

Hauppauge, NY

Full-time

Onsite

Senior Level

$36.05/hr - $43.22/hr

5+ years exp

Teachers Federal Credit Union has been a leader in guiding members towards financial stability for over 70 years. The Senior EDD Analyst will implement and execute the Credit Union’s BSA/AML compliance program, focusing on enhanced due diligence and compliance with relevant regulations.

BankingFinance

H1B Sponsor Likely

Hiring Manager

Katie Murphy Scholder

Responsibilities

Performs in-depth EDD reviews of high-risk members in compliance with the Bank Secrecy Act and USA PATRIOT Act

Analyzes transactional activity to detect patterns of unusual behavior, possible structuring, or other red flags indicative of money laundering or terrorist financing

Drafts comprehensive EDD reports with clear and concise narratives outlining the rationale behind risk ratings and due diligence conclusions

Collaborates with Member Services, Lending, and Risk teams to gather necessary documentation and support relationship management for high-risk accounts

Escalates suspicious activity and assists in preparing SARs (Suspicious Activity Reports) in coordination with the AML Investigations team

Develops and maintains Key Risk Indicators ensuring that identified trends or issues are reported to Management in accordance with applicable policies and procedures

Ensures adherence to Know Your Member (KYM) protocols, including a comprehensive understanding of business documentation for various business types

Reviews and investigates alerts in internal systems

Provides subject matter expertise and guidance to the Front Line, Business Lines and Operations teams on KYM/MDD/EDD policies and procedures to enhance the compliance framework

Maintains and enhances the credit union’s risk-based EDD procedures, working closely with the BSA/AML Officer to ensure alignment with current regulatory expectations

Assists in the implementation and optimization of transaction monitoring and member risk-rating systems

Participates in internal and external audits and regulatory examinations, providing subject matter expertise and documentation support

Mentor and guide junior analysts on EDD processes and investigative best practices

Qualification

BSA/AML complianceEnhanced Due DiligenceFinancial crimes certificationsKnow Your CustomerResearch skillsCORE customer platformsMicrosoft ExcelMicrosoft WordMicrosoft PowerPointWritten communicationVerbal communicationOrganizational skillsTime management

Required

Bachelor's degree required or a minimum of eight years directly related experience required

Minimum five years BSA/AML/EDD compliance required

Minimum two years focused on Enhanced Due Diligence required

Financial crimes certifications required (e.g., ACAMS, CAFP, ACSS, etc.)

Advanced understanding of Know Your Customer/Customer Identification Program functions from either a First Line or Second Line perspective required

Strong research skills, including conducting open source/internet research using a variety of sites and methods (LexisNexis)

Experience working with CORE customer platforms such as DNA or other FiServ products

Excellent working knowledge of the Bank Secrecy Act, the USA Patriot Act, OFAC regulations, strategies and federal regulatory enforcement policies

Computer Skills (Microsoft Excel, Word, PowerPoint)

Excellent written and verbal communications skills

Strong organizational and time management skills

Preferred

Familiarity with the following software systems is preferred: Verafin, DNA Core system, WireExchange and Thomson Reuters CLEAR searches

Benefits

This position is eligible for our annual discretionary bonus program.

Paid time off for vacation, personal days, and holidays

401(k) company contribution

Teachers pays 100% of Dental & Vision premium

Tuition reimbursement is offered to full-time employees

Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

Company

Teachers Federal Credit Union

Teachers Federal Credit Union is a company which develops finance related apps for iPhone

Founded in 1952

Farmingville, New York, USA

501-1000 employees

http://www.teachersfcu.org

H1B Sponsorship

Teachers Federal Credit Union has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2021 (1)