Business Enhanced Due Diligence Associate

First-Citizens Bank & Trust Company • Morristown, NJ • 3h ago

Overview This is a remote role that may only be hired in the following location(s): New Jersey SVB's First Line of Defense Enhanced Due Diligence Know Your Customer ("EDD KYC") team is responsible for conducting enhanced due diligence on client segments that may pose a higher risk for money laundering, t errorist financing, sanctions, or reputation risk in support of all legal and regulatory requirements as a large financial institution. You will be tasked with leading enhanced due diligence reviews of prospective and existing clients, ensuring that they are compliant with FCBs enhanced due diligence requirements. You will be the identified expert on relevant higher risk segment BSA/AML compliance for the FCB Commercial Bank by the relationship team and clients. You will engage with peers and risk professionals, all levels of management, and other internal or external constituents to deliver comprehensive views on EDD matters and represent the reasoning of EDD disposition on behalf of the organization. Responsibilities - Perform thorough EDD reviews on new and existing clients engaged in higher risk business models, ensuring compliance with regulatory requirements and internal policies. Conduct in-depth analysis of client profiles, business activities and ownership structures to assess money laundering, t errorist financing and other financial crime risks. Review and verify client documentation including identification documents, business licenses, financial statements, and transaction records to ensure accuracy and completeness of KYC information. Assist clients and prospects in establishing the proper control environment to ensure compliance with the Bank's requirements.- Serve as subject matter expert and ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions and AML regulations. Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards. Partner with Compliance, Internal Audit, and other departments to respond to examinations and audit requests, manage execution and implementation of action plans, and ensure all processes and changes implemented fully comply with applicable regulations and legislation, standards, policies, and guidelines.- Assists with identifying and managing existing and emerging risks identified through reviews. Conduct assessments and profiling of prospects and clients through the EDD process based on their risk factors including business @type and any applicable geographical risks. Identify and communicates opportunities to automate/streamline quality and risk management efforts.- Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures and best practices, promoting a culture of compliance. Qualifications Bachelor's Degree with a minimum of 4 year of Payments experience in Fintech, banking, KYC Compliance, risk management, or audit OR High School Diploma or GED with a minimum of 8 years of Fintech, banking, KYC Compliance, risk management, or audit experience.Preferred Qualifications- KYC Compliance experience at a Large Financial Institution- BA degree in: Finance, Legal, or Criminal Justice- Association of Certified Anti-Money Laundering Specialist (ACAMS) License- Ability to work independently, take initiative and have strong verbal and written communication skills.- Knowledge of risk techniques, practices, and control frameworks.- Good analytical, research, organizational, and project management skills.- Strong individual contributor with the ability to work effectively as a team.- Flexibility in learning new topics, handling change and deadlines to address newly identified risks or process changes.- Demonstrate strong understanding of Anti-Money Laundering risk related to payments and FinTech business

Similar Jobs

Gear Cutter (CNC Machinist)

Whippany Actuation Systems LLC • Whippany, NJ • 2h ago

Manufacturing & Warehouse

Gear Cutter (CNC Machinist)Whippany Actuation Systems has an exciting opportunity for an experienced machine operator in our Gear Cutting department. In this role you will operate all @types of Gear Cutting machines to p...

2h ago

Go to Apply

Audio Visual - Calgary Project Manager

One Diversified LLC • Kenilworth, NJ • 2h ago

Management & Administrative

About Diversified:Diversified is a global leader in audio visual and media innovation, recognized for designing and building the world's most experiential environments. Our award-winning team specializes in delivering so...

2h ago

Go to Apply

Audio Visual - Calgary Project Manager

One Diversified LLC • Kenilworth, NJ • 2h ago

Management & Administrative

2h ago

Go to Apply

Lead Middleware Engineer

Apex Systems, Inc • Roseland, NJ • 2h ago

IT & Engineering

Full Job DescriptionJob#: 2079029Job Description:Apex Systems combines with parent company ASGN Inc. to make it the 2nd largest IT staffing agency in the country.Apex has an opportunity for a SFG Engineer . If interested...

2h ago

Go to Apply

AD, Account Management & Pricing Strategy

Novartis Services Incorporated • East Hanover, NJ • 2h ago

Management & Administrative

Job Description SummaryLocation: Remote This position can be based remotely anywhere in the U.S. (there may be some restrictions based on legal entity). Please note that this role would not provide relocation as a result...

2h ago

Go to Apply

Audio Visual - Calgary Project Manager

One Diversified LLC • Kenilworth, NJ • 2h ago

Management & Administrative

2h ago

Go to Apply

Operations Specialist

EVEREST REINSURANCE CO • Warren, NJ • 2h ago

Title:Operations SpecialistCompany:Everest Global Services, Inc.Job Category:OperationsJob Description:Join Everest - A Global Leader in Risk ManagementAt Everest, you're part of a legacy over 50 years strong-one that em...

2h ago

Go to Apply

Director, Patient and Community Liaison - Northeast

Novartis Services Incorporated • East Hanover, NJ • 2h ago

Hospital & Medical

Job Description SummaryLocation: The preferable location for this position is in the Northeast. This position can be based remotely anywhere in the U.S. (there may be some restrictions based on legal entity). Please note...

2h ago

Go to Apply

Associate Director, Patient and Community Liaison-Southeast-Remote

Novartis Services Incorporated • East Hanover, NJ • 2h ago

Hospital & Medical

Job Description SummaryThe candidate for this Associate Director position is ideally based within the respective region/territory that they will cover (there may be some restrictions based on legal entity). Please note t...

2h ago

Go to Apply

Manufacturing Operations Specialist

Novartis Services Incorporated • Morris Plains, NJ • 2h ago

Manufacturing & Warehouse

Job Description SummaryLocation: Morris Plains, NJ #LI-Onsite Novartis is unable to offer relocation support for this role. Please only apply if the location is accessible for you. Company will not sponsor visas for this...

2h ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.