Job summary
Job post source
This job is directly from Amalgamated Bank
Job overview
The EDD Analyst at Amalgamated Bank conducts enhanced due diligence on high-risk clients to mitigate financial crime risks and ensure compliance with AML, CTF, and sanctions regulations.
Responsibilities and impact
The analyst performs in-depth reviews of high-risk customers, completes risk analyses, writes detailed reports, monitors suspicious activities, collaborates with business units, maintains investigation records, stays updated on regulations, and participates in process improvement projects.
Compensation and benefits
The starting base salary ranges from $70,000 to $80,000 depending on experience and skills, with potential adjustments; benefits include equal opportunity employment and a hybrid work model with three onsite days per week and remote Fridays.
Experience and skills
Requires minimum 3 years in BSA, financial crimes, fraud, or compliance investigations, knowledge of AML, BSA, OFAC, KYC, and sanctions compliance; CAMS certification preferred; strong research, communication, analytical, and organizational skills are essential.
Career development
Opportunities include staying current with evolving regulations through training and participating in internal projects to improve KYC/EDD processes, supporting professional growth within the compliance field.
Work environment and culture
Amalgamated Bank values diversity, inclusion, and equity, fostering a respectful workplace that supports growth and embraces employee and customer values.
Company information
Amalgamated Bank is a financial institution committed to compliance, diversity, and equitable practices, with a focus on anti-financial crime measures and regulatory adherence.
Job location and travel
The position follows a hybrid work model with three or more onsite days Monday to Thursday and remote work on Fridays, effective February 2025, with some exceptions for certain roles.
Application process
Applicants must submit a resume; Amalgamated Bank does not accept unsolicited search firm assistance without a written agreement, and hiring is contingent on at least one in-person interview with the hiring manager.
Unique job features
The role involves working with high-risk clients including politically exposed persons and complex entities, using advanced research tools and contributing to regulatory compliance and process improvements.
Company overview
Amalgamated Bank is a socially responsible financial institution that offers a range of banking services including personal and business banking, loans, and investment products. Founded in 1923 by the Amalgamated Clothing Workers of America, it has a long history of advocating for workers' rights and social justice. The bank generates revenue through interest on loans, service fees, and investment income. Known for its commitment to sustainability and ethical banking practices, Amalgamated Bank is a certified B Corporation, emphasizing its dedication to social and environmental performance.
How to land this job
Position your resume to showcase your experience with enhanced due diligence, AML, BSA, and sanctions compliance, emphasizing your ability to conduct in-depth investigations on high-risk clients and transactions relevant to Amalgamated Bank's requirements.
Highlight your skills in comprehensive research using computer-based tools, strong analytical judgment, and your ability to craft detailed narrative reports that clearly communicate risk findings and recommendations.
Apply through multiple channels including Amalgamated Bank's corporate careers page, LinkedIn job postings, and any reputable job boards listing this position to maximize your application visibility.
Connect with current employees in the AML, compliance, or financial crimes divisions at Amalgamated Bank on LinkedIn; start conversations by referencing recent regulatory changes or asking about their experience working on EDD cases to break the ice.
Optimize your resume for ATS by incorporating keywords such as 'Enhanced Due Diligence', 'AML', 'BSA', 'CTF', 'KYC', 'CDD', 'OFAC', 'financial crime risk', and 'risk analysis' directly from the job description to ensure it passes automated screenings.
Use Jennie Johnson's Power Apply feature to automate resume tailoring, identify the best application portals, and find relevant LinkedIn contacts for networking, allowing you to focus more on interview preparation and strategy.
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