Senior Financial Crime Risk Management Analyst – KYC High Risk Reviews

Senior Financial Crime Risk Management Analyst – KYC High Risk Reviews

Requirements

• Bachelor’s degree in Business, Finance, Law, Criminal Justice, or related field
• 5+ years of experience in KYC, EDD, or AML within a financial institution
• Demonstrated expertise in high-risk customer reviews and regulatory compliance
• Strong analytical, problem-solving, and decision-making skills
• Excellent written and verbal communication skills, with the ability to present complex findings to stakeholders
• Proficiency in AML software and tools, as well as Microsoft Office Suite
• Ability to exercise significant discretion and independent judgment in assessing and managing risks
• Ability to manage multiple high-priority tasks and deliver results under tight deadlines

Responsibilities

• Performs holistic Enhanced Due Diligence (EDD) reviews on high-risk customers at onboarding, periodic review, and event driven reviews, ensuring compliance with internal policies and external regulations
• Reviews customer risk factors/indicators, and acts as a subject matter expert to understand and assess the identified customer risk and how it relates to the Bank products/services to further determine if those risks can be mitigated
• Responsible for documenting the assessment and providing a recommendation based on the independent analysis to maintain and/or onboard the customer
• Evaluates and assesses customers’ source of funds, business activities, ownership structures, and other risk factors
• Reviews, assesses, and analyzes customer transactional activity to determine if customer’s activity is aligned to the customer KYC profile and expected use of customer’s accounts
• Engages with the 1st line of defense on the outcomes of EDD reviews and guidance related to high-risk customer types and associated activity
• Ensures adherence to AML regulations, the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC) requirements, and other applicable laws
• Proactively identifies trends and emerging risks in high-risk customer profiles, escalates issues and recommends controls or mitigation measures
• Maintains up-to-date knowledge of regulatory changes and industry best practices, applying this expertise to enhance the KYC program
• Prepares detailed, well-documented EDD risk assessment narratives and provide risk recommendations to support decision-making for senior management and regulators
• Provides data-driven insights and recommendations for process improvements, ensuring the effectiveness of the high-risk customer review process
• Collaborates with internal stakeholders to address gaps or deficiencies in KYC or financial crime risk management frameworks
• Serves as a subject matter expert (SME) on KYC and EDD processes for high-risk customer reviews, providing training and guidance to junior analysts or team members
• Represents the Financial Crime Risk Management team during internal and external audits or regulatory examinations
• Leads projects or initiatives focused on enhancing the bank’s high-risk customer review processes and risk mitigation strategies
• Utilizes independent judgment to develop and implement policies, procedures, and best practices for high-risk customer management
• Supports the Group Manager by assisting with day to day tasks and acting as a delegate as needed

Preferred Qualifications

• Advanced certifications such as CAMS, or equivalent are strongly preferred
• Demonstrated leadership or project management experience preferred
• Strong subject matter knowledge of compliance risks and controls for a financial institution with expertise in the context of Wholesale banking; focus on Anti-Money Laundering compliance
• ACAMS certification
• Strong knowledge of AML KYC and Enhanced Due Diligence (EDD) processes and regulations
• Experience with transactional monitoring
• Experience with wholesale banking clients