Enhanced Due Diligence Analyst-(Remote) at Shuvel Digital

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.