Senior Financial Crime Risk Management Analyst, KYC High Risk Reviews

This is a fully remote position, open to applicants in New Jersey, +3 more states.

📋 Description

• Conduct second-line Enhanced Due Diligence (EDD) assessments for high-risk clientele.

• Carry out EDD evaluations during onboarding, periodic reviews, and event-driven assessment phases.

• Analyze customer risk factors and indicators, evaluating their relationship with bank products and services.

• Document evaluations and furnish independent recommendations for maintaining or onboarding customers.

• Assess sources of funds, business activities, ownership structures, and other relevant risk elements.

• Review transactional activity in relation to the customer's KYC profile and anticipated account usage.

• Collaborate with the first line of defense regarding EDD results, issue management, and guidance.

• Ensure compliance with AML regulations, the Bank Secrecy Act, OFAC mandates, and other applicable laws.

• Spot trends and emerging risks, escalate concerns, and propose controls or mitigation strategies.

• Keep abreast of regulatory shifts and industry best practices.

• Draft EDD risk assessment narratives and recommendations for senior management and regulatory bodies.

• Offer data-driven insights and suggestions for process enhancements.

• Work with internal stakeholders to resolve gaps in the KYC and financial crime risk management framework.

• Act as a subject matter expert in KYC and EDD, providing training and guidance to junior analysts.

• Represent Financial Crime Risk Management during audits and regulatory inspections.

• Lead initiatives aimed at refining high-risk customer review procedures and risk mitigation tactics.

• Develop and enforce policies, procedures, and best practices for managing high-risk customers.

• Assist the Group Manager with daily tasks and act as a delegate when necessary.

⛳️ Requirements

• Bachelor’s degree in Business, Finance, Law, Criminal Justice, or a related discipline.

• Over 5 years of experience in KYC, EDD, or AML within a financial institution.

• Proven expertise in high-risk customer assessments and regulatory compliance.

• Strong analytical, problem-solving, and decision-making abilities.

• Excellent verbal and written communication skills, capable of presenting complex findings to stakeholders.

• Proficient in AML software and tools, alongside the Microsoft Office Suite.

• Capacity to exercise considerable discretion and independent judgment in risk assessment and management.

• Ability to juggle multiple high-priority tasks and achieve results within strict deadlines.

• Advanced certifications such as CAMS or equivalents are strongly preferred.

• Demonstrated leadership or project management experience is preferred.

• ACAMS certification is preferred.

• Experience in a challenge (QA/Testing) or advisory/oversight role with direct exposure to Customer Risk/KYC processes is preferred.

• Experience in a program execution role within AML/KYC is preferred.

• In-depth knowledge of KYC and Enhanced Due Diligence (EDD) processes and regulations.

• Ability to manage timelines, multiple projects, and prioritize tasks effectively.

• Skilled in developing and generating accurate presentations, metrics, and reports.

• Occasional domestic travel required; no international travel expected.

🏝️ Benefits

• Competitive base salary and variable compensation/incentive awards, including eligibility for cash and/or equity incentive awards.

• Health and wellness benefits.

• Savings and retirement plans.

• Paid time off, including Vacation PTO, Flex PTO, and Holiday PTO.

• Banking benefits and discounts.

• Opportunities for career development.

• Recognition and rewards programs.

• Regular discussions on career growth, development, and performance.

• Access to an online learning platform.

• Mentoring programs available.

• Training and onboarding sessions provided.

• Comprehensive benefits package.