EDD Team Lead

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 kind when working alongside colleagues and servicing our clients.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Support the EDD Case Manager in being the primary point of contact for the team of EDD Suspicious Activity Report (SAR) investigators performing initial and follow-up investigations on high-risk customer types.
• Perform quality control to 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 the EDD Case Manager in training new investigators.
• Assist Team Management with FDIC Exam, Quality Assurance, and Audit Preparation.
• Cultivate a Team environment and provide impactful, affirmative, and corrective feedback to each investigator on a consistent basis.
• Ensure Request for Information (RFI) updates are collected by the team in a timely fashion.
• Manage 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.
• 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.
• Assist in the development and documentation of policies and procedures relating to all aspects of EDD.
• May occasionally conduct transactional reviews of customers as part of periodic and event driven 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.
• Adherence 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.
• Other duties may be assigned.

• Bachelor of Science or Bachelor of Arts degree.
• One (1) to three (3) 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.
• Proficiency in Verafin, CLEAR, DNA, WireXchange, OnBase, and/or FCRM a plus.

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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