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Silicon Valley Bank · 1 day ago

SVB: Enhanced Due Diligence Analyst- KYC High Risk Sectors

Charlotte, NC

Full-time

Hybrid

Entry, Mid Level

2+ years exp

Silicon Valley Bank is a large financial institution seeking an Enhanced Due Diligence Analyst for their KYC High Risk Sectors team. The role involves conducting enhanced due diligence reviews on higher risk client segments, ensuring compliance with regulatory requirements, and serving as a subject matter expert on BSA/AML and Reputational Risk compliance.

BankingFinanceFinancial Services

Comp. & Benefits

H1B Sponsor Likely

Responsibilities

Enhanced Due Diligence Reviews - Conduct EDD reviews on new and existing clients engaged in higher risk business models, including not-for-profit organizations, cash-intensive businesses, and international business corporations, ensuring compliance with regulatory requirements and internal policies. Perform in-depth analysis of client profiles, business activities, and ownership structures to assess money laundering, terrorist financing, and other financial crime risks. Review client documentation, such as business licenses, financial statements, and transaction records, to ensure accuracy and completeness of KYC information. Assist clients and prospects in establishing the proper control environment to ensure compliance with the Bank’s requirements

Regulatory Compliance - Serve as a subject matter expert and ensure compliance with regulatory requirements, industry standards, and best practices related to EDD, KYC, BSA, Sanctions, and AML regulations. Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation, in accordance with internal policies and regulatory standards. Partner with Compliance, Internal Audit, and other departments to respond to examinations and audit requests. Assist in the development, execution, and implementation of program enhancements to ensure all processes and changes implemented fully comply with applicable regulations and legislation, standards, policies, and guidelines

Risk Analysis - Assist in managing existing and emerging risks identified through reviews, ensuring those risks are effectively assessed, communicated, and controlled. Conduct assessments and profiling of clients based on their risk factors, including business type, transaction volume, and geographical location. Analyze client transactions and account activity to identify red flags indicative of potential financial crimes or higher risk activities. Identify and communicate opportunities to automate/streamline quality and compliance efforts

Reporting & Training - Collaborate with internal FLOD EDD and cross-functional teams to share insights and provide support, training, and guidance on policies, procedures, and best practices, promoting a culture of compliance. Communicate effectively with internal stakeholders, relationship managers, and business units to address queries and resolve issues related to EDD

Qualification

KYC ComplianceBSA/AML KnowledgeRisk ManagementACAMS CertificationFraud ExaminationRegulatory ComplianceAnalytical SkillsMicrosoft OfficeCommunication SkillsProject Management

Required

Bachelor's degree with a minimum of 2 years of experience in KYC Compliance or risk management in Banking OR high school diploma or GED with a minimum of 6 years of experience

Preferred

KYC First Line, Compliance, or Risk experience at a Large Financial Institution, a portion of which in a client-facing role

License/Certification: Association of Certified Anti-Money Laundering Specialist (ACAMS) or Certified Fraud Examiner (CFE)

Demonstrate knowledge of international and regional financial crimes risks, to include, but not limited to, Anti-Money Laundering, Counter Terrorism Financing, and fraud, as well as knowledge related to the processes and controls used to prevent or mitigate those risks

Demonstrate a strong understanding of Anti-Money Laundering risk related to higher risk business models such as not-for-profit organizations, cash-intensive businesses, and international business corporations

Ability to identify and mitigate BSA/AML and Reputational Risk

Understanding of the compliance and regulatory frameworks that apply to financial institutions, with an emphasis on FinCEN regulations, FFIEC guidelines, the Bank Secrecy Act, and the US PATRIOT ACT

Understanding of evolving regulatory guidance and applicability to making risk-based decisions across multiple risk verticals

Ability to assess unique business model risks and appropriate compensating controls

Ability to work collaboratively with peers and leaders to attain common goals

Ability to communicate effectively both in writing and orally, in person and by telephone, with all levels of the organization and bank clients

Ability to work independently and take initiative

Good analytical, research, organizational, and project management skills

Flexibility in learning new topics, handling change, and meeting deadlines to address newly identified risks or process changes

Strong understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly

Company

Silicon Valley Bank

Glassdoor4.2

Silicon Valley Bank offers business banking, lending, payments, venture debt, liquidity management, and global fund banking sloutions.

Founded in 1983

Santa Clara, California, USA

5001-10000 employees

https://www.svb.com

H1B Sponsorship

Silicon Valley Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (42)

2022 (126)

2021 (138)

2020 (98)