AML/CFT Analyst, Cross River

• Knowledge of banking and payments products and services, including payments flows, virtual currency companies, MSB structures, NACHA and Card network structures, among others
• Minimum 4-5 years of experience working within a due diligence or client onboarding framework within a Financial Institution, Payfac, MSB or general Payments industry
• Background knowledge of AML, Compliance and Risk programs
• Experience or familiarity with merchant acquiring and merchant underwriting
• Ability to manage complexity, multi-task and deliver solutions on a tight deadline
• Strong work-ethic with ability to deliver quickly with minimal manager direction, take ownership and work independently
• Experience working within a strong regulatory/control environment
• Strong communication skills, both written and oral
• Willingness to build and shape a program from the ground-up
• Overall positive disposition
• Strong interpersonal relationship and partnership skills
• Thoughtful approach and ability to create and validate new solutions

Desirable

• This position sits within the bank’s Client Due Diligence (CDD team) and will be responsible for conducting client due diligence at a onboarding and ongoing basis, including reviewing fintech partner’s BSA/AML and OFAC policies as well as its independent audit reports
• The analyst will be working with various internal stakeholders, such as bank compliance, legal, operations, sales, implementations, to ensure that the partners we bring in are compliant with current regulations and aligned with the bank’s own policies on an ongoing basis
• The Compliance team cares about the partner’s onboarding experience, and we have fun doing it
• Review Due Diligence memos and client documentation for new client onboarding, from an AML/KYC and Risk perspective
• Conduct Ongoing Monitoring and Oversight over existing relationships, including shadow underwriting and/or sampling/QA based on CRB’s risk-based approach
• Ensure information is accurate, complete and in-line with existing CRB Policies and Procedures
• Review and advise on high-risk features within the client structure, including (but not limited to) the client’s proposed flow of funds, expected activity, regulatory structure and licensing requirements and general company background information
• Review complex products and services arranged with clients within the Payments, Merchant Acquiring and/or Fintech spaces
• Communicate effectively with internal stakeholders, including Business Development, Partnership Management teams and other areas of the Control framework, including Risk, Compliance, BSA/AML and Operations
• Provide guidance and advice on due diligence requirements from a risk-based approach
• Assist the Business in implementation of Due Diligence process