EDD, KYC Analyst Job at Evolve Bank & Trust, Memphis, TN

ZGYwaVcxWE9nb3V6NFNESUdRWEY1dVdZZkE9PQ==
  • Evolve Bank & Trust
  • Memphis, TN

Job Description

Job Details

Description

Job Description:

The KYC/EDD Analyst is responsible for conducting Know-Your Customer (KYC) and Enhanced Due Diligence (EDD) processes to ensure compliance with regulatory requirements and mitigate financial crime risks. The role involves onboarding new customers, assessing high-risk clients, and performing detailed due diligence reviews to safeguard the bank against money laundering, fraud, and other illicit activities.

Main Job Tasks And Responsibilities

  • Perform KYC checks on new and existing clients to verify identities, assess risk profiles, ad ensure compliance with AML/CTF regulations.
  • Collect, review, and validate customer documentation (e.g., IDs, business licenses, formation documents, and financial statements).
  • Maintain accurate and up-to-date customer records in compliance with internal policies and regulatory standards.
  • Perform other ad-hoc projects as needed.
  • Conduct EDD reviews for high-risk customers, including clients in high-risk industries, high risk jurisdictions, or complex business structures.
  • Analyze sources of funds and wealth, transaction patterns, and business activities to identify red flags and escalate to the investigations team.
  • Prepare detailed reports and case summaries with clear recommendations for approval, escalations, or offboarding of customer relationships.
  • Work closely with managers, analysts, and other stakeholders to facilitate smooth onboarding and risk management processes.
  • Document findings and provide reports to management or compliance teams.
  • Participate in training sessions to enhance knowledge of KYC/EDD best practices.
  • Assess customer risk levels based on industry, geography, product usage, transaction patterns.
  • Support periodic reviews of existing clients to ensure compliance.
  • Identify opportunities to streamline KYC/EDD workflows and improve operational efficiency.
  • Engage in a feedback loop on tools, systems, and processes to enhance accuracy and compliance.

Education And Experience

  • Bachelor’s Degree in Business, Finance , Law, or Criminology or related field preferred.
  • Three to five years’ experience in AML, KYC, EDD or customer onboarding within financial services, banking, fintech, or crypto
  • Professional certifications such as CAMS, CFCS, CFE etc., or desire to obtain them.
  • Strong understanding of AML/CTF regulations and KYC/EDD requirements.
  • Experience working with high-risk customers and conducting EDD reviews.
  • Excellent attention to detail and ability to manage sensitive and confidential information.
  • Strong analytical, problem-solving, and decision-making skills.
  • Effective communication skills, written and verbal, for reporting stakeholder information.

Key Competencies

  • Deep understanding of compliance requirements and ability to apply them effectively.
  • Proactive in identifying potential risks associated with FinTech customers, including aggregators, independent sales organizations (ISOs), third party payment processors (TPPP), third party senders (TPS)
  • Good verbal and written communication skills.
  • Well organized; ability to multitask; attention to detail.
  • Ability to prioritize and work well under pressure.
  • Must be able to work in a team environment and adapt to change.
  • Ability to manage multiple projects and deadlines simultaneously in a fast-paced, high production, professional environment.

Job Tags

Similar Jobs

PediaStaff

Part time School-Based Occupational Therapist - OT - JO-2507-38757 Job at PediaStaff

Here's a new opportunity for an Occupational Therapist to work in Palatine, IL at a therapeutic day school. They have a part time opening for SY 25-26. The position is 2-2.5 days per week.We are seeking an Occupational Therapist with experience in pediatrics/school-based... 

Peraton

Sr Aerospace Systems Engineer Job at Peraton

 ...Program Overview About The Role Senior Aerospace Systems Engineer is responsible for coordinating and supporting system-of-systems requirements, CONOPS, and architectures in the Space domain; supporting enterprise and system level requirements for current and future... 

Zipfizz Corporation

Zipfizz Brand Promoter Position Job at Zipfizz Corporation

 ...complete the assessment test that will be emailed to you immediately after applying. &##128640; Join the Zipfizz Team as a Brand Promoter! Are you ready to take your energy and career to the next level? Zipfizz, the ultimate vitamin, energy, and hydration drink, is... 

Nebraska Crossing

Weekend Jobs/2nd Job Job at Nebraska Crossing

Stores Hiring: American Eagle, Francescas, Maurices, Ann Taylor, Skechers and many others! You must be available to work on Saturday AND Sunday! Are you ready for a fantastic career opportunity? Applying with us is like casting a wide net a single application...

Yexgo

Entry-Level Data Entry Clerk Admin (Fully Remote) Job at Yexgo

This is your opportunity to start a lifelong career with unlimited opportunity. Discover the flexibility youve been searching for by taking a minute to finish our online application.Minimum requirements:QualificationsNo experience, Willing to trainAbility to work...