KYB Compliance Specialist

3 weeks ago


Conshohocken, Pennsylvania, United States Onbe Full time
Job Title: KYB Analyst

Onbe, a leading FinTech company, is seeking a meticulous and diligent KYB Analyst to join our Compliance department. As a key member of our team, you will play a vital role in mitigating risks related to money laundering, terrorism financing, and other financial crimes.

Job Summary:

We are looking for a detail-oriented and analytical individual to complete the day-to-day operations of Onbe's Anti-Money Laundering (AML) and Know Your Business (KYB) Program. This role will involve reviewing collateral against network guidelines and bank regulations, ensuring compliance, accuracy, and quality assurance throughout the process.

Key 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.
Requirements:
  • 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.
What We Offer:

Our competitive benefits package includes medical, dental, vision, wellness, 401(k) matching, open paid time off, generous parental leave, and more. We are an equal opportunity employer and welcome applications from diverse candidates.

At Onbe, we believe in creating a culture of openness and ingenuity, where employees come together to innovate and build disbursement solutions that make the lives of our clients and their consumers and workforces easier and better. We celebrate differences and affirm belonging, and we are committed to making a culture that is inclusive to all.



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