KYB Analyst

Summary: We are looking for a meticulous and diligent KYB Analyst to play a vital role in the Compliance department supporting our efforts to mitigate risks related to money laundering, terrorism financing, and other financial crimes. This role will complete the day-to-day operations of Onbe’s Anti-Money Laundering (AML) and Know Your Business (KYB) Program. In addition, this role will also include focus on reviewing collateral against network guidelines and bank regulations, ensuring compliance, accuracy, and quality assurance throughout the process. The ideal candidate will possess strong analytical skills, a thorough understanding of regulations and requirements, and the ability to provide oversight to maintain high standards in collateral management.

This role is a hybrid role that will work onsite 1-2 days per week at our Dallas, TX location. Occasional travel may be required as part of this position.  #LI-Hybrid

Responsibilities:

• Conduct thorough investigations and due diligence on prospective and existing business clients to ensure compliance with regulatory requirements and internal policies.
• Gather and analyze relevant information about business entities, including ownership structures, beneficial owners, financial statements, and other pertinent documentation.
• Verify the accuracy and authenticity of provided information through various reliable sources, ensuring adherence to established standards and guidelines.
• Evaluate the risk associated with engaging with specific businesses, identifying potential red flags or irregularities that require further scrutiny.
• Maintain comprehensive records and reports of KYB processes and findings, ensuring that all information is accurately documented and accessible.
• Collaborate with internal teams, including compliance, legal, and risk management, to address concerns, provide insights, and facilitate decision-making processes.
• Stay updated with relevant laws, regulations, and standard processes about KYB procedures and implement essential changes or updates accordingly.
• Proactively find opportunities to enhance KYB processes, streamline workflows, and improve efficiency without compromising compliance standards.
• Review collateral documentation to verify compliance with network guidelines and bank policies.
• Conduct detailed analysis and assessment of collateral quality and eligibility, resolving complex issues as they arise.
• Provide oversight and quality assurance throughout the collateral review process.
• Identify discrepancies or inconsistencies in collateral information and take proactive measures to address them.
• Collaborate with internal teams and external stakeholders to resolve issues related to collateral documentation.
• Maintain accurate records and documentation of all collateral reviews and assessments.
• Stay informed about industry regulations and guidelines related to collateral management.
• Recommend process improvements to enhance efficiency and accuracy in collateral review procedures.
• Other duties as assigned.

Qualifications:

• 1-2 years of tangible work experience in operations, customer service, or a financial service organization.
• Ability to take direct ownership of projects.
• Organized with a keen eye and attention to detail.
• Strong work ethic and problem-solving skills.
• Excellent written and verbal communication.

Preferred Qualifications

• Bachelor's degree
• Demonstrates a minimum of 1-3 years of proven corporate or finance Anti-Money Laundering compliance skills.
• Experience with technology solutions relating to AML compliance, such as Dun & Bradstreet, Tulio, and Lexis Nexis.
• Certified Anti-Money Laundering Specialist (CAMS) Certification or readiness to take the test in a year.
• Sophisticated level skill in Microsoft Excel.

The base salary range for this position is between $54,090 to $65,000, with eligibility for an annual bonus. The actual base salary offered depends on a variety of factors, including but not limited to the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, business needs, and market demand. Our competitive benefits includes medical, dental, vision, wellness, 401(k) matching, open paid time off, generous parental leave, and more! Our job titles may span more than one career level. All candidates are encouraged to apply.

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Last updated on Aug 16, 2024