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Job Ref: 14997
Salary: $130000 – $160000
KYC & Due Diligence Officer
Salary: (Depending on expereince & skill) $130k-160k
Assists in the implementation and monitoring of the Bank’s Regulatory and Financial Crimes Compliance Programs.
Perform customer Compliance due diligence and KYC reviews through customer life cycle, including on-boarding and
periodic review processes and provides administrative support to the Compliance Department.
Main Duties and Responsibilities:
- Review and complete a Periodic Account Review (PAR)
- Review customer onboarding package, KYC and maintenance requests
- Conduct general research of an individual or entity (general news, adverse news, sanction list,
- registered agent website, etc.)
- Assists on compliance portions of all examinations of the New York Branches and Representative Offices; primary point of contact for all compliance-related matters
- Support and respond to audit and regulators examinations
- Support cross functional partners including sales teams, regarding customer identification, onboarding, and Periodic Account Reviews
- Complete compliance reviews as needed
- Suggest process enhancements to increase efficiency and/or accuracy
Qualifications Needed:
- Knowledge of U.S. banking business, including middle market banking business, commercial lending, syndicated lending and other relevant products
- Knowledge of the working of trusts, off-shore companies and other vehicles commonly used by clients to open accounts
- Knowledge of credit facility terms, covenants and documentation
- Ability to read and understand financial statements
- Knowledge of general Banking Compliance and Compliance Risk
- Knowledge of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA Patriot Act (Anti-Terrorist Financing), Foreign Assets Control regulations (OFAC), third party (subcontractor) risk
- Effective interpersonal, written and oral communication skills
- Task organization, prioritization and follow-up skills. Ability to handle multiple assignments and deliver on due- dates.
- Ability to work in a team (ask for assistance, help others, team player attitude)
- Proficiency in the use of various in-house compliance monitoring systems, including data warehouse to generate ad-hoc reports
- Proficiency in Word, Excel (tables and data manipulation, pivot tables, charts and data presentation, etc.), and PowerPoint
- Strong analytical skills. Attention to detail and quality
OTHER PERTINENT INFORMATION
- Experience Required/Preferred: Min 5 years in Financial Services BSA/AML Compliance
- Education Required/Preferred: BA or BS. Major in related discipline, preferable in Accounting, Business,
- Finance or Law enforcement or a Law Degree
- CCRP, CRCM, CAMs or comparable certification
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