Senior Oversight Specialist

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

📋 Description

• Identifies, investigates, and mitigates fraudulent activities within the organization.

• Conducts identity verification reviews on new account shareholders, authorized signers, and beneficial owners to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) policy requirements.

• Executes thorough assessments on all politically exposed persons (PEP) and OFAC/various watchlist alerts.

• Requests additional documentation from individuals who do not immediately pass KYC verification and updates accounts accordingly.

• Analyzes various reports to evaluate and track transactional activities to detect potential suspicious activities.

• Performs manual “real-time” KYC identity verification for requests from related departments.

• Reviews account activities and promptly responds to Red Flag submissions; documents suspicious activities, including shareholder personal information, in various internal watchlists.

• Follows designated timelines and procedures to ensure the timely and accurate completion of tasks.

• Participates in training and offers guidance to associates on fraud detection and prevention methods; raises awareness of fraud risks and fosters a culture of vigilance.

• Aids in the identification, organization, and dissemination of archived materials to facilitate SOC1 and annual AML audits.

• Supports client conversion data reviews and departmental cleanup projects as required.

• Assists in the production and quality control review of quarterly client AML certifications.

• Conducts bi-weekly FinCEN processing and quality control reviews; reports any “positive hits” to the AML Manager and AML Compliance Officer (AMLCO); provides certifications to clients.

• Conducts quarterly OFAC processing and quality control reviews; reports any “positive hits” to the AML Manager and AMLCO.

• Ensures timely processing of monthly Lexis Nexis invoices to Accounts Payable.

• Develops comprehensive written team procedures and maintains them in the Knowledge Management System (KMS) database.

• Assists with Lexis Nexis administration tasks, including managing user access status and establishing new users.

⛳️ Requirements

• Bachelor’s degree in finance, law, business administration, or a related discipline.

• 3-5 years of experience in AML compliance and fraud detection, preferably in the financial services sector.

• Knowledge of Bank Secrecy Act (BSA), Anti-Money Laundering (AML)/Terrorist Financing, Customer Identification Program (CIP), Know Your Customer (KYC), and Office of Foreign Asset Control (OFAC) regulatory and program requirements.

• Proficient in effective internet search techniques.

• Proficient in Microsoft Office Suite, particularly Excel, with experience in pivot tables, macros, filtering, and sorting.

• Familiarity with Adobe Acrobat.

🏝️ Benefits

• Guides associates through instruction, coaching, providing real-time on-the-job experiences, modeling effective practices, and offering advice on employed methods.

• Works closely with the correspondence team to develop and maintain written shareholder communication templates for collecting supporting KYC documentation.

• Engages with clients, financial representatives, and shareholders as needed regarding general information, issue resolution, inquiries, or reporting requirements.

• Interacts with members of the AML Oversight team and various other internal teams regarding follow-up inquiries, open workflows, and other matters.