The EDD Team Lead reports to the EDD Manager and is responsible for executing day-to-day EDD tasks. In addition to cores responsibilities, this role is responsible for providing technical lead and guidance activities to junior colleagues. This position supervises a single work unit of employees where planning, scheduling, monitoring, and reviewing work of subordinates is required.
Along with the key functions listed below, this position will be expected to uphold the value that WaFd Bank places on simply being nice when working alongside colleagues and servicing our clients.
Conduct EDD reviews for high risk customers (e.g. identifies the purpose of the account, confirms source of wealth, reviews adverse media, etc.) as part of onboarding and throughout the course of the relationship.
Manages multiple complex cases involving matters such as multiple relationship accounts (related parties), tiered and multi-faceted transactions, international wires involving bank designated high risk jurisdictions, and complex cash structuring schemes.
Conduct transactional reviews of customers as part of periodic and event driven reviews.
Ensure that sufficient customer information was collected by the lines of business to develop an understanding of normal and expected activity based on the customer occupation or business operations for high risk customers.
Support the EDD Manager on various compliance tasks relating to customer acceptance, customer risk rating, KYC, mitigating controls, adverse media, and any other delegated areas of the BSA/AML and compliance program.
Ensure that potentially unusual or suspicious transactions are appropriately identified, documented, and SARs are correctly completed and filed in accordance with bank policies, procedures, and regulatory requirements.
Assist in the development and documentation of policies and procedures relating to all aspects of EDD.
Bachelor of Science or Bachelor of Arts degree.
Three years of experience in KYC/CDD/EDD roles executing the responsibilities described above. Relevant industry qualifications in AML (e.g., ACAMS) preferred.
Knowledge of common money laundering methods and trends.
Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.
Effective writing, analytical, and communications skills.