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AML Escalations & Enhanced Due Diligence Associate

  • Bergen County, NJ
  • Full Time

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Broker dealer located in Bergen County looking to bring on board a “AML Escalations & Enhanced Due Diligence Associate” to join their compliance team. This role is on a hybrid schedule (3 days in office).

Responsibilities:

• Conducting Enhanced Due Diligence on complex accounts and higher risk customers
• Preparing a memo of findings and assessment (Develop EDD and CDD templates with Unit)
• Conducting EDD periodic reviews and remediations
• Handle escalations from front office or onboarding teams
• Ensuring unwanted prospects, relationships or exited customers are added to the internal Blacklist
• Working with team to develop enhanced desktop procedures
• Updating EDD and PEP list; conducting periodical reviews accordingly
• Provide guidance as needed to onboarding team(s) on additional document requirements as well as alerts warranting escalation
• Reviewing and assessing Alert escalations (Name screening for negative news, PEPs, and potential sanctions hits)
• Work closely with cross dept. stakeholders
• Support AML Escalations Manager on existing Business As Usual (BAU) KYC/EDD function enhancements to improve processes where needed