We are looking for a KYC Analyst who understands how to ensure that our platform can continue operating in an efficient manner while minimizing downside losses and reducing friction in the onboarding process. If you're passionate about working for a revolutionary early-stage startup, poised for rapid growth and expansion then we want to chat. Are you ready to revolutionize the small business banking industry with us
About the Role:
- Identify, monitor, evaluate and address customer account actions to address potential risk, fraud or suspicious activity.
- Understand and manage KYC and AML processes
- Support the origination and in-life management of deposits by handling the Customer/Enhanced Due Diligence during on-boarding and in-life periodic reviews.
- Process all applications through a workflow system effectively, within agreed SLAs and goals, and in compliance with company policies and procedures.
- Perform due diligence checks on prospective and existing customers, such as requesting KYC information and documentation.
- Conduct enhanced due diligence on high risk customers, including evaluation of client responses to sources of wealth and intended use of account.
- Investigate identified suspicious clients generated by the screening system, such as WorldCheck and OFAC list.
- Analyze the AML/CFT risk of Politically Exposed Persons (PEP), adverse information, business exposure in high risk & sanctioned countries and escalate the issues to the Legal Team for approval.
- Follow internal policy and procedures when dealing with account related suspicious activity.
- Cross reference multiple databases for potential undesirable client matches.
Requirements for the Role:
- Minimum bachelor's degree, preferably in business, economics, finance, or other technical disciplines.
- 1-2 years experience working in KYC/compliance related role in the financial services/ /banking industry/fintech startups will be preferred
- Background working in U.S. markets, in a fintech/tech company, or both.
- Comfortable working in the US Shift
- Strong understanding of AML compliance, KYC due diligence, screening and financial crime.
