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Analyst – Digital Asset Customer Due Diligence
| Company | Cross River Bank |
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| Location | Edgewater, NJ, USA |
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| Salary | $85000 – $100000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Mid Level |
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Requirements
- Bachelor’s degree in Business, Finance, Law, or a related field.
- Proven experience in customer due diligence, compliance, or a related area.
- Strong understanding of digital asset management practices and regulatory requirements.
- Excellent analytical and problem-solving skills.
- Ability to manage multiple tasks and projects simultaneously.
- Strong communication and interpersonal skills.
- Experience with KYC, IDV, PEP, and sanction screening processes.
- Proficiency in using technology and analytics to optimize processes.
Responsibilities
- Day-to-day management and review of customer onboarding, customer risk rating, and periodic review cases.
- Develop and implement robust customer risk rating methodologies.
- Continuously assess and update risk profiles based on business activities, regulatory changes, and internal policies.
- Ensure alignment and implementation of all CDD processes and requirements, including proper assessment of customer identification documents, retention, and record-keeping.
- Manage third-party vendors for KYC, IDV, PEP, and sanction screening as required for the support of the Digital Asset team.
- Leverage technology and analytics to optimize the efficiency of CDD processes.
- Partner with tech teams to improve tools, automation, and reporting capabilities.
- Design, develop, and maintain policies, procedures, and other governance documentation for customer due diligence and related topics.
- Oversee tools and systems for diligence-related processes, including customer onboarding, risk rating, and periodic review.
- Balance compliance requirements with a seamless customer experience, working closely with customer support and business teams to resolve escalations.
- Ensure that regulatory examinations, reporting, and inquiries related to customer due diligence are handled appropriately and promptly.
- Monitor, track, and report on key CDD performance metrics.
- Provide insights and recommendations to senior management for continuous improvement.
- Develop and track action plans across regulatory initiatives related to customer due diligence program areas.
Preferred Qualifications
- Experience in the cryptocurrency or digital asset industry.
- Advanced degree or certification in compliance or a related field.
- Familiarity with blockchain technology and digital asset management tools.
