KYC Analyst - Junior

US-Unknown
1 month ago
Job ID
2017-28087
Category
Banking/Finance
Position Type
Contract (Full-Time)
# of Openings
1

Overview

Japanese skillsets preferred

  • Support BSA/AML/OFAC Risk Management group by managing the Bank’s Know Your Customer (“KYC”) Program and responsibilities by ensuring compliance with regulatory requirements and Bank policies and procedures.
  • Essential Functions: Complete and update the applicable sections of Know Your Customer (“KYC”) files for the subject business unit.
  • Ensure that all customers are assigned an appropriate Money Laundering Risk Assessment “ MLRA”.

Responsibilities

Responsibilities include:

1) review entire KYC file ensuring that attachments support the information in the file;

2) identify any inconsistencies evident in the file and work with AO, BLCO and BSA/AML group to resolve;

3) ensure that the form is prepared accurately,

4) coordinate with CoDA Quality Assurance to make sure that lessons learned from QA results are incorporated into AO, BLCO & KYC Group activities.

5) Request and evaluate a vendor performed search to determine whether the client is a politically exposed person (PEP Search), is the subject of negative press (Negative Press Search), is subject to government sanctions or internal restrictions (Security Search), or has been the subject of any negative compliance-related information (“Negative Compliance Information Inquiry” or “NCII”). Support general compliance activities and other duties, including special projects, as assigned. 

Qualifications

Experience/Abilities:

  • Up to 3 years of general banking/ compliance experience.
  • Understanding of U.S. banking regulations.
  • Working knowledge of Bank Secrecy Act (“BSA”) as amended by Title 3 of the USA PATRIOT Act (“PATRIOT Act”).
  • Ability to work with minimal supervision, well organized with strong attention to detail, and strong written communication skills.
  • Proficiency in Microsoft Word, Excel, PowerPoint Education: BA/BS degree required

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