We are seeking a highly skilled Enhanced Due Diligence (EDD) Specialist to join our compliance team. The EDD Specialist will be responsible for implementing and managing additional measures to monitor and mitigate risks associated with high-risk customers and transactions. This role is crucial for ensuring compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.
Key Responsibilities:
- Conduct extensive verification of the identity, ownership structure, and business activities of high-risk customers.
- Perform detailed examinations of the source and legitimacy of funds.
- Monitor transactions and business relationships frequently to identify and mitigate potential risks.
- Execute additional checks on politically exposed persons (PEPs) and their associates.
- Investigate adverse media coverage and assess reputational risks.
- Review regulatory compliance history and legal issues of high-risk customers.
- Collaborate with other compliance team members to ensure comprehensive risk management.
- Prepare detailed reports and documentation for regulatory and internal audits.
Qualifications:
- Bachelor's degree in finance, Business, Law, or a related field.
- Proven experience in AML, CTF, or compliance roles, with a focus on EDD.
- Robust analytical and investigative skills.
- Excellent attention to detail and ability to handle complex information.
- Familiarity with regulatory requirements and industry best practices.
- Effective communication and interpersonal skills.
- Ability to work independently and as part of a team.
Preferred Skills:
- Certification in AML or compliance (e.g., CAMS, CFE).
- Experience with compliance software and tools.
- Knowledge of global regulatory frameworks and standards.
Mode of interview- Virtual/F2F (4Rounds)
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