Customers Bank

CDD EDD Specialist

Customers Bank • $82K — $93K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, finance, or related field.
  • 3+ years of experience in CDD, EDD, or compliance within financial services.
  • Strong understanding of regulatory requirements related to CDD and EDD.
  • Experience managing high-risk customer reviews and compliance workflows.
  • Strong analytical and organizational skills with attention to detail.
  • Excellent communication skills and ability to collaborate across teams.
  • CAMS certification or similar compliance-related certification preferred.

Responsibilities

  • Ensure compliance with Bank Secrecy Act and Anti-Money Laundering regulations.
  • Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews.
  • Perform complex due diligence reviews on high-risk customers.
  • Act as liaison between EDD Team and other departments regarding high-risk onboarding.
  • Utilize customer risk scoring models per departmental processes.

Benefits

  • Opportunities for professional development and growth.
  • Collaborative work environment fostering team efforts.
  • Access to advanced compliance technologies and methodologies.
Full Job Description
Salary range: An annual salary range of $82,500 to $93,000 is what we expect to pay for this position, based on overall skills and experience.

Must be legally authorized to work in the U.S. without sponsorship now or in the future to be considered.

What You'll Do:

We are seeking a dedicated CDD & EDD Specialist to support the Bank's ongoing Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) efforts. The role will focus on assisting with customer reviews and ensuring that compliance with regulatory obligations is met.

Key Responsibilities:
  • Ensure compliance with Bank Secrecy Act Regulation's, Anti-Money Laundering related regulations, Office of Foreign Assets Control Regulations and USA PATRIOT Act Regulations.
  • Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews in line with regulatory requirements.
  • Perform complex due diligence (EDD) reviews on new and existing high risk customers. Using customer risk scoring models in accordance with departmental processes and procedures.
  • Act as direct liaison between the EDD Team and other departments for High-Risk customer onboarding and general BSA inquiries.


What Do You Need?
  • Bachelor's degree in business, finance, or a related field.
  • 3+ years of experience in CDD, EDD, or a related area of compliance within the financial services industry.
  • Strong understanding of regulatory requirements related to CDD and EDD, including the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations.
  • Experience in managing high-risk customer reviews and compliance workflows.
  • Strong analytical and organizational skills with attention to detail.
  • Excellent communication skills and the ability to collaborate across multiple teams.
  • CAMS certification or similar compliance-related certification preferred.


Technology Skills:
  • Ability to work with the Microsoft Suite and learn/work with other Customers Bank's applications.

About Customers Bank

Customers Bank is a full-service bank that provides a range of financial products and services to individuals, businesses, and institutions. The bank offers checking and savings accounts, loans, mortgages, credit cards, and wealth management services, among others. Customers Bank operates through a network of branches and ATMs in several states, including Pennsylvania, New York, New Jersey, Rhode Island, Massachusetts, New Hampshire, and Illinois. The bank is known for its innovative digital banking solutions, such as its mobile app and online banking platform, which allow customers to manage their accounts and transactions from anywhere, anytime.
Learn more about Customers Bank
Size
1,200 employees
Industry
Finance & Insurance
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Customers Bank

More Finance & Insurance Jobs

Find similar CDD EDD Specialist jobs:

NationwideNew York, NY