Job description

KYC Team/EDD/Sanctions Analyst

[BSA/AML & OFAC Department]

Reporting to the EDD/Sanctions Manager, the EDD/Sanctions Analyst is responsible for tasks that support the proper vetting of new and existing customers at the bank.

KYC matters Including: Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Customer Identification Program (CIP), Sanctions Screening, and Customer Risk Rating (CRR) subjects for the bank.

Additionally, the EDD/Sanctions Analyst will act as a subject matter expert and escalation point for sanctions matters raised by different departments or branches.

__________________________________________________________________________________________________

Key Duties

• Subject matter expertise to the business as well as other control functions in connection to all matters about OFAC/Sanction’s compliance.
• Reviewing escalated daily OFAC/Sanction alert in a timely fashion to maintain compliance with applicable requirements.
• Providing additional screening review of cleared matches from first line of defense teams.
• Assisting with various KYC processes [KYC includes: CIP, beneficial ownership, CDD, and EDD]
• Interacting with other second-line of defenses ensuring that all policies, procedures, and practices are in-sync.

General Duties

• Responding to banking partners for additional information due to possible screening matches.
• Assisting in reviewing and recommending improvements for internal processes, including forms/checklists, data collection methods, analyses, and reporting
• Assist in updating Compliance Program documentation
• Updating customer profiles using internal tools
• Assisting in validation, tuning and optimizations of various processes and tools
• Assist the U.S. Compliance Department with ad-hoc projects and reviews as needed

__________________________________________________________________________________________

REQUIRED EDUCATION AND EXPEREINCE

• EDUCATION: Pursuant to CCOB minimum hiring requirements
• BSA/AML – Trade Finance, OFAC, KYC, Sanctions
• 3+ years’ experience in Trade Finance in similar role, 3+ years Sanctions experience in similar role.
• ACAMS, ACFCS or ICA Certification is a plus
• Familiar with UCP600 and other LC related banking practice
• Solid understanding of, or the ability to quickly gain such, of applicable laws, regulations, and guidance in the subject area
• Strong understanding of financial crime compliance (AML/CTF/ABC)

Job Type: Full-time

Pay: From $90,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Ability to commute/relocate:

• New York, NY 10016: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

• What is your desired salary range? (bare minimum)

Experience:

• Banking: 5 years (Preferred)
• KYC: 3 years (Preferred)
• OFAC Sanctions: 3 years (Preferred)
• Trade Finance: 3 years (Preferred)
• Letters of Credit: 1 year (Preferred)
• UCP600: 1 year (Preferred)

Work Location: One location

blackflymedia.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, blackflymedia.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, blackflymedia.com is the ideal place to find your next job.