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Silicon Valley Bank · 11 hours ago

SVB- Enhanced Due Diligence Analyst- Payments

Dallas, TX

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 Payments team. The role involves conducting enhanced due diligence reviews on clients engaged in higher risk business models and ensuring compliance with regulatory requirements and internal policies.

BankingFinanceFinancial Services

Comp. & Benefits

H1B Sponsor Likely

Responsibilities

Perform thorough EDD reviews on new and existing clients engaged in higher risk business models including Money Service Businesses (MSBs), Third-Party Payment Processors Loan or Finance Companies, and other Non-Bank Financial Institutions, ensuring compliance with regulatory requirements and internal policies

Conduct in-depth analysis of client profiles, business activities and ownership structures to assess money laundering, terrorist financing and other financial crime risks

Review and verify client documentation including identification documents, 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

Serve as 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, manage execution and implementation of action plans, and ensure all processes and changes implemented fully comply with applicable regulations and legislation, standards, policies, and guidelines

Assists with identifying and managing existing and emerging risks identified through reviews

Conduct assessments and profiling of prospects and clients through the EDD process based on their risk factors including business type and any applicable geographical risks

Identify and communicates opportunities to automate/streamline quality and risk management efforts

Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures and best practices, promoting a culture of compliance

Qualification

EDD KYC complianceAML/Sanctions RiskFinancial Services experienceRisk assessmentFintech knowledgeBSA/AML regulationsAnalytical skillsProject managementCommunication skillsTeam collaboration

Required

Bachelor's Degree and 2 years of Payments experience in Financial Services, First Line Risk, Enterprise Risk, AML/Sanctions Risk or Operational Risk OR High School Diploma or GED and 6 years of experience

Preferred

Experience in FLOD KYC/Compliance/Risk role reviewing financial technology (Fintech) or Banking as a Service (BaaS) relationships at a Large Financial Institution (LFI)

Demonstrate strong understanding of Anti-Money Laundering risk related to payments and FinTech business models including, payment processors, loan or finance companies, and other NBFIs

Demonstrate knowledge of international and regional financial crimes risks, to include but not limited to Anti-Money Laundering, Counter Terrorism Financing risks, fraud, and the prevention and mitigation processes and controls

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

Ability to assess compliance programs, processes, controls

Ability to work independently with some direction and to meet deadlines

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 relationship teams and with bank clients

Ability to work independently, have strong verbal and written communication skills

Knowledge of risk techniques, practices, and control frameworks

Good analytical, research, organizational, and project management skills

Strong individual contributor with the ability to work effectively as a team

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

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

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Trends of Total Sponsorships

2023 (42)

2022 (126)

2021 (138)

2020 (98)