Sr. EDD Analyst

Sr. EDD Analyst page is loaded## Sr. EDD Analyst locations:
Roseville, California time type:
Full time posted on:
Posted 3 Days Agojob requisition :
R5648
** Mechanics Bank
** is currently searching for a full time
** Sr. EDD Analyst
** to join our team at our Roseville location. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person.

The Sr. EDD Analyst reviews, assesses, and validates customer records to aide in the detection of possible money laundering and terrorist financing, utilizing risk-based approach methods that align with the Bank's risk appetite while ensuring compliance with the established BSA/AML program. Conducts detailed assessments of customer risk and independently drafts due diligence summaries and other written investigative/intelligence products to support judgments, decisions and recommendations.

The Sr. EDD Analyst maintains excellent knowledge of financial crime typologies and is well versed in the identification of and escalation of possible suspicious activity for further investigation. Recommends course of action to management based on an analysis of the findings and documents the analysis in the Bank’s case management system. Performs all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
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* What you will do:

*** 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, counter parties, 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…