Job Details – this job has expired, please see similar jobs below
Within the Compliance Operations Department, the Account Control Group (ACG), the KYC Analyst is responsible for performing processes related to Know Your Customer (KYC/CIP), specialized projects, and assisting the ACG VP with day-to-day operational processes and reporting within ACG. May act in capacity of team leader or individual contributor.
Reporting to the KYC Associate or VP, the KYC Analyst performs specialized tasks, routine operational day-to-day actions, and/or assists the VP in directing day-to-day work of employees. The Analyst works closely with the VP to recommend improvements to policies and procedures and depending on experience, may act as an SME for department and across function
Reviews work of administrators and representatives, resolves some complex matters; escalates as appropriate.
May have a formal or informal management role by supervising and/or training others.
May direct and manage staff and workflows in accordance with ACG and Company standards and policies;manage staff training, employee relations, workforce planning, and mentorship
Ensures operational efficiencies and customer data integrity in accordance with internal policies and procedures of Company and Head Office and compliance with AML/BSA/OFAC regulations
Performs customer on boarding and performs first level review on due diligence adverse news research of customers and affiliated parties. Records rationale and decision-making on exceptions escalated to management
Performs updates made to existing customer records including documentation review
Ensures adherence to the Company KYC (Know Your Customer) Program; supports industry-mandated changes or system changes by participating in the change process; recommends changes through compliance with bank policies
Ensures that CIP information and mandatory DD/EDD information is collected prior to account opening
Collects from the RM and reviewing, for adequacy, accuracy and quality, all required KYC information and documentation within prescribed time frame
Confirms that verification documents are obtained by the RM and work performed by ACG are completed within a prescribed time frame
Conducts background checks (i.e., OFAC, politically exposed persons, 311 and adverse information checks)
Maintains evidence of search results in the KYC system and escalating to the BSA Officer any confirmed or suspected name matches associated with material negative information
Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.
Ensures activities of the ACG team are governed by Company’s Policies and Procedures
Troubleshoots routine and some complex issues with KYC/CIP system and various subsystems to resolution
Provides quality assurance for updates made to existing customer records including appropriate documentation review. Also performs quality assurance reviews on alerts or cases and tracks deficiencies in order to enhance procedural standards and takes initiatives to suggest, plan and implement changes
Works with the ACG VP, ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.
Bachelors Degree or equivalent experience required
3 - 5 years of specialized experience in financial services required
Certified Anti Money Laundering Specialist certification preferred
Experience in back office operations preferred
Functional level knowledge of legal aspects and record keeping requirements of banking regulations including AML, Bank Secrecy Act, Foreign Asset Control
Functional level knowledge of KYC process and regulations
Familiarity with banking policies, statutory and compliance regulations
Functional knowledge of market practices related to compliance operations
Ability to execute in a high pressure environment
Strong analytical skills; detail oriented with a sense of urgency and accountability
Good written and verbal communication skills
Sign up and search through 91,730 curated jobs in the Finance & Investment Edition: