BSA/AML EDD Manager

Manage the EDD process for high risk customers (e.g. identify the purpose of the account, confirm source of wealth, review adverse media, etc.) as part of onboarding, periodic reviews, 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;
• Design and applying mitigating controls for high risk customer types;
• Provide advisory support to the lines of business on EDD issues and concerns as necessary
• Work with, and supporting, the BSA Officer on issues relating to customer acceptance, customer risk rating, EDD, mitigating controls, adverse media, and any other delegated areas of the BSA/AML and OFAC compliance program;
• Assist in the development and documentation of policies and procedures relating to all aspects of EDD.
• Provide ongoing coaching and feedback to junior EDD staff.
• Adhere to bank policies and procedures designed to comply with federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations. To that end, ensure timely and accurate preparation of Currency Transaction Reports, Suspicious Activity Reports and other recordkeeping requirements.

• Bachelor of Science or Bachelor of Arts degree;
• Three (3) to five (5) years of experience in EDD roles executing the responsibilities described above Relevant industry qualifications in AML (e.g., ACAMS) preferred
• In-depth knowledge of common money laundering methods and trends;
• In-depth 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;
• Excellent attention to detail.

At WaFd Bank you get all of these great benefits!

• Paid time off for vacation, sick days and holidays
• Health insurance
• Stock options
• Bonus programs
• Generous 7% 401(k) employer matching*
• Paid Parental Leave
• Life and AD&D insurance
• Long-term disability
• Tuition Reimbursement
• Employee assistance programs
• Pre-tax health and dependent-care spending plans

WaFd Bank Benefits Summary - Click here for more information

We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and/or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375

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