What are the responsibilities and job description for the CDD/EDD Associate position at Phaxis?
CDD/EDD Analyst
We are seeking a detail-oriented CDD/EDD Analyst to join our financial crimes compliance team. This role focuses on conducting Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews to assess financial crime risks and ensure compliance with AML regulations.
Key Responsibilities:
- Perform CDD/EDD reviews on new and existing customers, identifying potential financial crime risks.
- Analyze customer profiles, transaction patterns, and source of funds to detect suspicious activity.
- Prepare risk assessments and investigative reports with clear recommendations.
- Ensure compliance with AML/BSA regulations, internal policies, and industry best practices.
- Collaborate with compliance, risk, and operations teams to mitigate financial crime risks.
Qualifications:
- 1–3 years of experience in AML, KYC, CDD, or EDD within banking, fintech, or financial services.
- Strong understanding of regulatory frameworks (e.g., BSA, USA PATRIOT Act, FinCEN guidance).
- Excellent analytical, research, and communication skills.
- Proficiency in compliance tools, databases, and investigative techniques.
This is an excellent opportunity for compliance professionals looking to deepen their expertise in financial crime risk assessment.
