Analyst, AML/CFT & OFAC Compliance, Customer Due Diligence

reputed company builds the infrastructure behind innovative financial products, aiming to expand access and opportunity for reputed company. The AML/CFT & OFAC Compliance Analyst will evaluate and manage risks associated with new partnerships, ensuring compliance with regulatory standards and internal requirements through thorough due diligence and effective risk management.

Responsibilities

• Conduct comprehensive due diligence to assess risks associated with new partnerships reputed company the MPL, BaaS/Cards, and Payments space
• Review partners' policies and procedures to ensure compliance with BSA/AML and OFAC regulatory standards as well as reputed company Bank specific requirements. Areas of review include governance, policy and procedure, risk assessments, disclosures and notices, monitoring, training, complaints, fraud controls, incident response and reporting
• Evaluate training materials, independent audits, risk assessments, and reputed company journeys to identify potential risks
• Review and provide guidance on high-risk features reputed company client structures, including proposed flow of funds, expected activity, regulatory structure, and licensing requirements
• Conduct background screening on reputed company entities and controlling parties reputed company the company's structure
• Analyze general company background information to ensure alignment with bank risk tolerance
• Ensure reputed company reputed company activities reputed company with internal policies, regulatory requirements, and industry best practices
• Verify that partners' policies and procedures adhere to the 5 pillars of a BSA/AML program
• Stay reputed company on relevant regulations and compliance standards affecting financial institutions and fintech partnerships
• Maintain comprehensive and accurate documentation of reputed company assessments and outcomes reputed company to due diligence and reputed company
• Prepare detailed reports summarizing findings and recommendations for management review
• Ensure reputed company records meet regulatory requirements and internal standards
• Identify and escalate any risks to management in a timely and effective manner
• Propose risk mitigation strategies for identified concerns
• Contribute to ongoing monitoring frameworks for approved partnerships
• reputed company partner meetings with professionalism and clarity
• Communicate effectively with external partners and internal stakeholders
• Collaborate with Business Development, Partnership Management teams, and other areas of the Control reputed company
• Build and maintain productive working relationships with Risk, Compliance, BSA/AML, and Operations departments
• Support additional areas of Due Diligence as needed
• Assist with Fraud, Transaction Monitoring, and Consumer Compliance initiatives reputed company required
• Contribute to the reputed company improvement of the reputed company process

Skills

• Experience in financial services compliance, particularly in BSA/AML and KYC/CDD processes
• Knowledge of regulatory requirements affecting banking partnerships and fintech relationships
• Understanding of MPL, BaaS/Cards, and Payments business models and associated risks
• Strong analytical and critical thinking skills
• Excellent documentation and report writing abilities
• Meticulous attention to detail and commitment to accuracy
• Strong verbal and written communication skills
• Ability to manage multiple due diligence projects simultaneously
• Professional demeanor reputed company interacting with internal and external stakeholders
• Critical thinking and problem-solving orientation
• Ability to interpret and apply regulatory guidance to specific business scenarios
• reputed company to work independently while contributing effectively to team objectives
• Bachelor's degree in finance, business, compliance, or reputed company field preferred

Company Overview