Randstad Professionals is assisting one of its clients with thier search for an EDD Team Lead. This individual will oversee & mentor day-to-day activity. Candidate must be an SME in EDD and have prior experience managing a team.

Contract Term: 24 months

Salary: $67-$77/hr

Hybrid

Job Description :

This role will be responsible for providing oversight and management of key aspects of processes and functions including Enhanced Due Diligence (EDD) and Ongoing Enhanced Due Diligence (ODD), while delivering sustainable and exceptional service to our internal clients. Desired candidates will have experience managing operational teams, and be a subject matter expert on specific and unique high-risk client typologies, including industry, geographic, and transactional risk. Ensuring all internal deadlines, standards/policy, regulatory requirements, and expectations associated with internal policy, the Bank Secrecy Act, USA PATRIOT Act, and Economic Sanctions laws and regulations are met will be critical to the candidate's success

In this role, you will:

• Supervise a team of due diligence consultants responsible for conducting due diligence programs and performing customer relationship reviews as part of the enhanced and ongoing due diligence process

• Ensure timely completion, quality, and compliance of due diligence investigations

• Provide subject matter expertise on various high-risk customer processes along with AML and Financial Crimes related policy and procedures; providing expert-level guidance to partners across the various businesses

• Support business in the execution of due diligence reporting processes and controls, interpret policies, guidelines, and governance programs

• Review and analyze client onboarding processes and account transactional activity that require research, investigation, evaluation, and selection of alternatives

• Provide subject matter expertise on documentation and data sources and exercise independent judgment to guide moderate to high-risk deliverables

• Provide supervisory review and approval of detailed written qualitative risk assessment summaries, making sound and supported recommendations for risk mitigation for high-risk customers at onboarding or upon identification, and periodically throughout the life cycle of the customer

• Resolve moderately complex issues and lead the team to meet functional area process deliverables

• Leverage a solid understanding of the function, policies, procedures, and compliance requirements

• Collaborate and consult with peers, colleagues, managers, and internal and external customers to resolve issues and achieve goals

• Provide training, performance, evaluation, and coaching of a less experienced team

Desired Skills

• 1+ years of experience managing Operational Teams
• BSA/AML/OFAC Regulatory Compliance experience in large, diverse financial institutions
• Experience performing complex financial crimes due diligence and risk analysis, including transactional reviews