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ENHANCED DUE DILIGENCE (EDD) SPECIALIST

Job Summary

The Enhanced Due Diligence Specialist is responsible for performing the on-site place of business (OPB) function for high-risk deposit accounts, assisting the Retail Banking & Operations Manager with functions related to retail banking (i.e., investigating teller cash differences, responding to requests for information (RFIs) received from the BSA Unit, working with Branch Managers to implement corrective action resulting from Quality Assurance (QA) reviews, audit, and compliance assessments, and all other duties as assigned.

Essential Responsibilities

• Onsite place of business (OPB) function: Interview high risk clients at their place of business (POB) to complete analysis of their account relationships. Upload findings/supporting documentation (i.e., beneficial ownership) in Share Point and/or other bank platforms in accordance with the established policy and timing requirements.

• Work with Branch Managers/Unit Supervisors to investigate teller cash differences and document findings for timely submission to the Retail Banking & Operations Manager.

• Assist Branch Managers with responding to request for information (RFIs) received from BSA Unit and other business areas within timing requirements.

• Assist Branch Managers with implementing corrective action (to include remedial training) resulting from Quality Assurance (QA) reviews, audits, and compliance assessment findings.

• Provide support to Branches in the completion and submission of CTRs/Cash Repairs

  Independence of Judgment

The degree of judgement is related to identification and definition of new problems of moderate complexity.

Supervisory Responsibilities

This position hasnosupervisory responsibilities.

Impact of Errors

The impact of errors of this position could affect essential activities of administrative, operational or business nature that have a considerable economic impact.

Competencies

• Comprehensive understanding of BSA, AML, OFAC, and retail banking policies/procedures

• Knowledge of the operational procedures as well as the regulations that govern the financial industry in the related area

• Knowledge in Microsoft Office

• Ability to communicate effectively both orally and in writing in English

• Ability to make oral and written presentations

• Ability to work on time with project schedules and multiple priorities

• Skills to maintain effective interpersonal relationships

  Physical Demands

  The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk.

  Minimum Requirements

  A Bachelor’s Degree in Business Administration is required for this job or a minimum of one to two years of relevant experience in Compliance area and Branches experience .

  First Bank Virgin Islands is a proud to be an Equal Employment Opportunity Employer and takes affirmative action to employ Women, Protected Veterans, People with Disabilities and Minorities regardless of gender identity, sexual orientation, and any other legally protected status.