AML/KYC Compliance Analyst

Boston, MA 02109

Employment Type: Contract Specialty: KNF&T Job Number: 257510

Job Description


Private Bank here in Boston is seeking a 1+ year AML/KYC Compliance candidate who is looking for a Temp to Perm role that will allow them to gain tons of experience within the firms compliance department. They offer excellent benefits and a hybrid scheduel. Local candidates only

Responsibilities

Analysis:

Complete AML/KYC files as assigned by the AML/KYC Team Lead, following best practices and meeting applicable deadlines

Review and validate that select RE clients’ account activity and use of BBH’ s products & services are consistent with the clients’ stated expected account activity

Ensure that daily work is completed in accordance with defined procedures, while using judgment to ask questions on areas the procedures do not cover

Demonstrate a basic understanding of BBH’ s AML/KYC program

Act as a resource to the RM community to assist with questions related to the AML/KYC process

Assist with ad hoc projects and AML/KYC or Compliance related initiatives impacting RE



Problem Solving:

Identify and resolve problems following established internal guidelines and outside regulatory requirements.

Advise Relationship Managers and team members as issues are found

Determine impact and work through resolution Advise Relationship Managers on established internal procedures for compliance related activities



Risk Management:

Ensure that policies and procedures are adhered to on a daily basis

Develop an understanding of AML/KYC requirements; the implications and application within Relationship Excellence

Identify problem items and escalate to AML/KYC Team Leader as appropriate

Ability to see through gray areas and assess AML/KYC related risks



Process Improvement:

Suggest process improvements from both a workflow and systemic perspective to increase productivity and efficiency.

Contribute to the documentation of all processes and procedures, ensuring they are kept up to date



Qualifications:

BA/BS degree or equivalent experience1-3 years of Financial Services or Banking industry experience with AML/KYC experience preferred

Ability to liaise across departments/functions as needed for research and analysis

Understanding of the financial services industry, investment vehicles and legal structures

Experience working in Compliance, Internal Audit or Regulatory Operations in Financial Services preferred

Basic understanding of AML, KYC, CDD & OFAC preferred


$28.00 per hour

Hours are 8am to 5pm


*MONKNFT*
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