Our client, a Global Investment Bank, is seeking a Client Onboarding Specialist:
Key Responsibilities:
- Conduct comprehensive KYC reviews for new and existing clients, ensuring adherence to compliance standards.
- Analyze client data, manage onboarding documentation, and verify accuracy to ensure compliance with AML, FinCEN, and FFIEC guidelines.
- Perform enhanced due diligence on high-risk clients, including Politically Exposed Persons (PEPs) and clients with complex structures.
- Collaborate with internal stakeholders, including Risk Advisors and Compliance Teams, to support client onboarding and ensure regulatory compliance.
- Monitor and escalate potential red flags such as fraud, identity theft, or suspicious activities.
- Communicate effectively with clients to gather necessary information and manage their expectations throughout the onboarding process.
- Maintain up-to-date knowledge of financial services regulations, including the Bank Secrecy Act (BSA) and OFAC sanctions.
- Provide ongoing support to internal teams by reviewing and updating KYC and Client Due Diligence (CDD) files.
Areas of Expertise:
- KYC, AML, and CDD/EDD
- Transaction monitoring and fraud investigations
- Compliance with US Patriot Act, FATF 40+9, and other global regulatory standards
- Client account creation and data management
- Strong communication, teamwork, and client service skills
Qualifications:
- Solid background in financial services with experience in KYC and AML processes.
- Familiarity with regulatory bodies and financial compliance regulations.
- Proficiency in onboarding systems such as LexisNexis, Accurint, Metavante, and Microsoft Office.
- Strong attention to detail and ability to work in a fast-paced, dynamic environment.
