Overview
At MidWestOne, our people are number one in everything we do. We are a community bank with a culture based on integrity and customer care. The people on our team are the foundation of our success. If you're ready to work for an organization that values you, develops your talents and helps you grow personally and professionally, then look no further.
The primary duty of the EDD Analyst is supporting the bank’s various AML and Customer Due Diligence processes by performing enhanced due diligence reviews on higher 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.
Responsibilities
- 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.
- Identify and escalate unusual or suspicious behaviors across bank business and product lines.
- Remain current on BSA/AML related issues and regulatory requirements.
- Other duties may be assigned.
Qualifications
- Bachelor’s degree or equivalent combination of post high school education and related work experience.
- 5 years of relevant BSA/AML analysis, fraud, compliance related experience with an emphasis on Enhanced Due Diligence.
- Strong knowledge of BSA regulations and policy requirements.
- CAMS certification preferred.
- Experience and expertise regarding the Verafin monitoring application preferred.
- In depth analytical thinking and the ability to grasp complex processes quickly and identify risk and compensating controls.
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