Kyc Analyst

Within the Compliance Department, the KYC Group (KYC) Analyst is responsible for performing processes related to Know Your Customer (KYC/CIP), specialized projects, and assisting the KYC Manager with day-to-day operational processes and reporting within KYC. May act in capacity of team leader or individual contributor.

Reporting to the KYC Manager, the KYC Analyst performs specialized tasks, routine operational day-to-day actions, and/or assists the KYC VP in directing day-to-day work of employees. 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 KYC and SMBC standards and policies. Additionally, may manage staff training, employee relations, workforce planning, and mentorship. Works closely with KYC VP to recommend improvements to policies and procedures. Depending on experience, may act as an SME for department and across function.

Responsibilities

• 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 new customer on boarding, account opening, account updates and static data maintenance. Provides quality control of KYC (Know Your Customer) and CIP customer information and assures verification in accordance with AML policy and procedure.
• Ensures adherence to the KYC 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 CDD/EDD information is collected prior to account opening;
• Confirms verification documents are obtained and work performed by Client Services Groups are completed within a prescribed time frame;
• Conducts background checks (i.e., OFAC, politically exposed persons, 311 and adverse information checks) and maintain 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.
• 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, tracks deficiencies in order to enhance procedural standards, and takes initiatives to suggest, plan and implement changes.
• Assist in the review and/or development of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) for relevant policies & standards
• Provide support to Operations/IT for KYC-related initiatives

Qualifications

• 1-3 Years of specialized experience in Financial Services
• BA or BS Degree
• CAMS Certification preferred
• Very strong technical knowledge of AML, Bank Secrecy Act, Foreign Asset Control.
• Very strong level knowledge of KYC process and regulations.
• Strong knowledge of banking policies, statutory and compliance regulations.
• Strong knowledge of market practices related to compliance operations
• Good judgement, sense of urgency and accountability; time- management skills
• Ability to supervise and train others
• Ability to execute in a high pressure environment
• Good interpersonal skills and team player
• Strong written and verbal communication skills

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, identity, national origin, disability, or protected veteran status.