Senior EDD Analyst chez Teachers Federal Credit Union

Join Our Team

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.  

Summary:

The Senior EDD Analyst implements and executes the Credit Union’s BSA/AML compliance program, including Bank Secrecy Act/Anti-Money Laundering & Office of Foreign Assets Control (BSA/AML & OFAC) regulations and policies.

Education and/or Experience:

• Bachelor’s degree required or a minimum of eight years directly related experience required. 

• Minimum five years BSA/AML/EDD compliance required

• Minimum two years focused on Enhanced Due Diligence required

• Financial crimes certifications required (e.g., ACAMS, CAFP, ACSS, etc.)

• Advanced understanding of Know Your Customer/Customer Identification Program functions from either a First Line or Second Line perspective required

• Strong research skills, including conducting open source/internet research using a variety of sites and methods (LexisNexis)

• Experience working with CORE customer platforms such as DNA or other FiServ products

• Excellent working knowledge of the Bank Secrecy Act, the USA Patriot Act, OFAC regulations, strategies and federal regulatory enforcement policies

• Familiarity with the following software systems is preferred: Verafin, DNA Core system, WireExchange and Thomson Reuters CLEAR searches

• Computer Skills (Microsoft Excel, Word, PowerPoint)

• Excellent written and verbal communications skills

• Strong organizational and time management skills

Job Responsibilities:

• Performs in-depth EDD reviews of high-risk members  in compliance with the Bank Secrecy Act and USA PATRIOT Act

• Analyzes transactional activity to detect patterns of unusual behavior, possible structuring, or other red flags indicative of money laundering or terrorist financing

• Drafts comprehensive EDD reports with clear and concise narratives outlining the rationale behind risk ratings and due diligence conclusions

• Collaborates with Member Services, Lending, and Risk teams to gather necessary documentation and support relationship management for high-risk accounts

• Escalates suspicious activity and assists in preparing SARs (Suspicious Activity Reports) in coordination with the AML Investigations team

• Develops and maintains Key Risk Indicators ensuring that identified trends or issues are reported to Management in accordance with applicable policies and procedures

• Ensures adherence to Know Your Member (KYM) protocols, including a comprehensive understanding of business documentation for various business types

• Reviews and investigates alerts in internal systems

• Provides subject matter expertise and guidance to the Front Line, Business Lines and Operations teams on KYM/MDD/EDD policies and procedures to enhance the compliance framework

• Maintains and enhances the credit union’s risk-based EDD procedures, working closely with the BSA/AML Officer to ensure alignment with current regulatory expectations

• Assists in the implementation and optimization of transaction monitoring and member risk-rating systems.

• Participates in internal and external audits and regulatory examinations, providing subject matter expertise and documentation support

• Mentor and guide junior analysts on EDD processes and investigative best practices

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

• Paid time off for vacation, personal days, and holidays

• Fully-funded pension plan

• 401(k) company contribution

• Teachers pays 100% of Dental & Vision premium

• Tuition reimbursement is offered to full-time employees

• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers 

The good faith range for this position is $35.50 to $42.50 an hour. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

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