Job Summary

A new KYC / EDD Specialist is needed in Minneapolis MN!

  • Location:
    Minneapolis, Minnesota
  • Job reference:
  • Category:
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One of the largest, most successful commercial banks in the U.S. is looking for a new KYC Analyst/EDD Specialist to work at their downtown Minneapolis, MN location!
Location: 6th St, , Minneapolis, MN, 55402, USA
Schedule: M - F 8am / 4:30pm
Contract: 3 months +
Pay: Depends on experience
Summary: The position interacts with the internal Payment Services team members (RPS, CPS, & Elavon), as well as other internal departments (i.e. Corporate AML, Compliance, Risk, Audit) to ensure compliance with various BSA/Anti-Money Laundering (AML) laws, regulations, and corporate policies and standards. The position may also assess high-risk products and processes within Payment Services and provide subject matter expertise, guidance, and support to the Payment Services team members.

  • Performs initial and ongoing EDD reviews of the highest-risk customers in the Payment Services lines of business;
  • Conducts qualification reviews of high- and moderate-risk customers and determines the appropriate risk rating;
  • Creates risk acceptance documentation to support the raising or downgrading of high-risk customers for management approval;
  • Ensures Payment Services lines of business are in compliance with applicable laws, rules, regulations, and corporate policies related to EDD;
  • Works with Corporate AML to obtain analysis of laws and regulations and interprets policy requirements to support EDD compliance on an ongoing basis;
  • Maintains a high level of compliance awareness and knowledge to effectively support EDD and other related areas of responsibility;
  • Partners with Payment Services lines of business and Corporate AML to address issues identified through regulatory and audit testing and analysis;
  • Recommends customers for closure and for further investigation where risk tolerances are exceeded based on EDD reviews; and
  • Ensures that EDD compliance files are maintained, thoroughly documented, and AML risks are responded to in a timely manner and mitigated where applicable.

Basic Qualifications

  • Bachelor’s degree, or equivalent, relevant work experience
  • Three to Five years of financial experience in the compliance, BSA/AML, or Sanctions Screening (OFAC) disciplines, including:
  • Comprehensive understanding of AML/BSA/OFAC regulations. A self-directed and independently motivated individual, who places a high value on organizational skills and maintains strong business acumen
  • Successful employment record with a multitude of resources, including varying knowledge, tenure, and managerial skill levels
  • Ability to be flexible in a dynamic environment and can adapt to situational changes with ease and fluidity
  • Knowledge of government (federal, state and local) and regulatory laws and regulations
  • Strong organization and analytical skills
  • Excellent interpersonal, verbal, and communication (including presentations) skills
  • Proficient computer skills, especially Microsoft Office applications
  • Prior card issuing or merchant acquiring background (preferred, not required)

If you meet these qualifications and are interested in the position, please submit your most up to date resume ASAP!


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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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