Mechanics Bank · 18 hours ago
Sr. EDD Analyst
Roseville, California
Full-time
Onsite
Mid, Senior Level
$70K/yr - $100K/yr
4+ years expMechanics Bank is currently searching for a full time Sr. EDD Analyst to join their team at their Roseville location. The Sr. EDD Analyst is responsible for reviewing and assessing customer records to detect potential money laundering and terrorist financing, ensuring compliance with the Bank's BSA/AML program.
BankingFinancial ServicesWealth Management
Responsibilities
Reviews entire customer relationship in determining the risk presented for money laundering and terrorist financing by understanding the nature and purpose of the customer relationship, as well as the nature and purpose of the customer relationship, the types of transactions in which the customer is likely to engage
Assesses and analyzes the risk(s) posed by the customer to the Bank through a comprehensive transaction analysis of the source and use of funds, adequately describing counter-parties in transactions and their relationship to the customer’s industry type that are commensurate with expected activity and within the Bank’s risk appetite
Provides a timely and complete narrative assessment of the findings in a concise, detailed and accurate manner consistent with regulatory expectations and Bank policy and procedures
Maintains a thorough understanding of the BSA/AML and OFAC Sanctions compliance, including CDD and EDD requirements and money laundering and financial crime and terrorist financing typologies
Communicates with lines of business and management when researching and conducting reviews, issue identification and resolution
Assists in transaction testing, data validation, and ongoing customization of the AML software
Utilizes advanced investigative techniques and tools to conduct detailed assessments of Bank customers and their risk for money laundering, financial crimes and terrorist financing, through thorough and complex analysis of customer transaction patterns, negative news on the entity/customer, public records, open source media, vendor systems, or other research tools to assess and mitigate BSA/AML risk
Analyzes the risks associated with complex account relationships, including a holistic review of customer’s ownership structure, evaluating variables such as transactions, source of funds, anticipated activity volumes, and purpose of business relationship
Conducts initial enhanced due diligence for prospective higher risk customers and recommend decision to onboard/decline based on supporting risk assessment (e.g. customer type, geographic, products/services, counterparties, beneficial owners, expected transactions, etc.) performed on the prospect as well as related parties and determine risk rating
Performs risk reviews on existing customers to analyze transactions and to identify issues or trends and develop conclusion on reasonableness of the prospective customer’s controls, activity, business structure, in order to determine if the perspective customer is within the Bank’s risk appetite
Independently draft due diligence summaries and other written investigative/intelligence products to support judgments, decisions and recommendations
Where warranted and supported with appropriate documentation, recommend exiting the relationship and closure of the account
Responsible for collaborating with the front lines to identify additional information in support of the due diligence investigation and follow-ups to ensure timely receipt
Accountable for strict adherence to all regulatory deadlines, internal service level agreements, production expectations, and consistent and accurate application of policies and procedures
Maintains a thorough understanding of the BSA/AML and OFAC Sanctions compliance, including CDD and EDD requirements and money laundering and financial crime and terrorist financing typologies
Familiarity with EDD reviews, customer risk ratings and applying risk-based analysis and reporting methodologies
Communicates with lines of business and management when researching and conducting reviews, issue identification and resolution, account closures, etc
Keeps management apprised of issues or emerging risks
Proactively remains current and knowledgeable on internal policies, procedures, BSA/AML/OFAC and related regulatory requirements, FinCEN guidelines, local/state requirements and industry practices
Participates in ongoing training to maintain knowledge of BSA/AML and OFAC regulatory requirements and new and emerging money laundering and financial crimes typologies
Provides training and mentorship for new EDD Analysts
Assists with any ad-hoc projects that relate to EDD and other areas of BSA and AML compliance
Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes
Assists in transaction testing, data validation, and ongoing customization of the AML software. Requires continuous exercise of judgment following broad guidelines
Other duties as assigned
Qualification
Required
4 Year / Bachelors Degree or equivalent combination of education and/or 4+ years related financial industry experience required
3 years in financial crimes or money laundering required
Preferred
2 years utilizing a BSA/AML detection and case management system preferred
2 years EDD and higher risk customer investigative reviews preferred
Lending background, previous branch, BSA/AML, fraud, loss prevention or corporate security investigative experience or other experience analyzing customer financial activity for unusual behavior preferred
Certified Anti-Money Laundering Specialist (CAMS) or related industry certification strongly preferred
Benefits
Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
Supplemental Health plans, Voluntary Legal and Identity Theft Services
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)
Company
Mechanics Bank
Mechanics Bank is a full service community bank that offers a wide range of financial services.
Founded in 1905Richmond, California, USA
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2022-09-01Acquired
2003-01-10IPO
Leadership Team
E
Edward Downer
Chairman Emeritus
Recent News
2025-10-17
Business Wire
2025-10-17
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