AML & Compliance Officer

Job Requirements and Responsibilities include:

• Assist in the administration and review of Client Risk Scoring, Client Identification and KYC documentation oversight requirements. Conducting reviews of client documentation/information submitted by business units; A good understanding of Corporate Documents associated with Offshore Shell Corporations and Foreign Financial Institutions is needed.

• Responsible for performing KYC/CDD/EDD on new customers and during periodic account reviews. Work with business units (branch personnel, financial advisors) to resolve account opening issues, obtain necessary information during investigations and perform on going reviews of the KYC/customer. Follow up and track all documents required to satisfy new account requirements.

• Assist in KYC periodical reviews and refresh of current Client population as needed.

• Ensure that information obtained is consistent with BSA/AML Policy and Procedures and satisfies regulatory requirements. Follow up and track all documents required to satisfy new account requirements.

• Must have strong experience with research tools such as Lexis Nexis or World-Check.

• Escalate high risk issues identified to Management

• Assist Management with inquiries from employees, business managers, internal and external auditors by providing information and guidance in a timely manner

• · Handle other duties as assigned to assist with the effective administration of the AML and KYC Policies. Assist in reviewing OFAC hits and communicating OFAC and sanctions options.

• Previous knowledge in conducting transaction monitoring reviews, deep investigations, and reporting suspicious activity related to money laundering and terrorist financing (SAR filings), including wires and other anomalous activities

• Support an annual review of the efficiency and effectiveness of the transaction monitoring process.

Originally posted on Himalayas