The Financial Services Compliance Analyst will work with the Money Transmission Compliance Officer and Sr. Regulatory and Compliance Counsel to ensure that legal obligations of regulated entities are met. This includes adherence to the requirements of the Banking Secrecy Act, USA PATRIOT ACT, and Sanctions Compliance. The Financial Services Compliance Analyst will be responsible for conducting due diligence in accordance with Know Your Customer procedures and the Company’s Anti Money Laundering Policy. In addition, the Financial Services Compliance Analyst will be responsible for conducting transaction monitoring and sanctions alert reviews. The overall goal of this position is to provide support to the Compliance Officer and to ensure critical compliance tasks are completed in a timely, professional, and helpful manner.
Major Responsibilities/Essential Functions:
Conduct due diligence on new customers for regulated financial services in a timely and thorough manner, including reviewing submitted documentation, determining key data points, and making judgements about the information presented
Determine the initial risk rating of the customer based on documentation submitted and research of the expected transaction activity of the customer
Conduct due diligence on any backlogs in client onboardings.
Review ad hoc sanctions and negative news alerts to determine if any material risks are posed by customers, payees, related parties, or vendors.
Assess transaction monitoring alerts to determine if transactions make commercial sense for existing customers.
Evaluate customers and owners against sanctions lists using the ComplyAdvantage tool
Complete regular existing customer risk audits based on the risk level established during initial due diligence
Identify “Red Flags” or areas requiring further due diligence or escalation to senior compliance staff in the course of any of the above activities
Ensure that documents and information obtained during due diligence are ready for regulator or audit review immediately following the review.
Assist senior compliance staff to pull reports, customer profiles, and data for regulators and audits.
Document all research performed in an orderly manner and update customer profile in Salesforce
Bachelor’s Degree required
2-3 years’ work experience and/or any equivalent combination of experience and training that provides the required knowledge, skills, and abilities needed to complete the major responsibilities/essential functions of the position.
Proficient in Microsoft Windows, Microsoft Office, and Google Office Suite. Knowledge of Salesforce and/or ComplyAdvantage systems a plus.
Innovative: Ability to develop, sponsor, or support the introduction of new and improved methods, products, procedures or technologies.
Analytical and Critical Thinking: Ability to tackle a problem by using a logical, systematic, sequential approach.
Teamwork: Builds relationships and works cooperatively with others, inside and outside the organization, to accomplish objectives to build and maintain mutually-beneficial partnerships, leverage information and achieve results.
Problem Solving: Gathers and analyzes information to generate and evaluate potential solutions to problems, issues and challenges while weighing the accuracy and relevance of the facts, data and information.
Curious: A desire to inquire and learn, to seek new knowledge and wisdom, and to listen to the contributions of others with a genuine interest to better self, the team, and the organization.
Collaboration: Works collaboratively with others to achieve group goals and objectives.
The physical demands described here are representative of those that must be met by an associate to successfully perform the major job responsibilities (essential functions) of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the major job responsibilities. This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the job. Duties responsibilities and activities may change or new ones may be assigned at any time with or without notice.
While performing the duties of this job, the associate is:
Regularly required to use hands to finger, handle or feel objects, tools or controls, and reach with hands or arms.
Regularly required to talk or hear and read instructions on a computer monitor and/or printed on paper.
Regularly required to view items at an extremely close range and must be able to adjust and readjust focus.
Occasionally required to remain in a stationary position.
Occasionally: Job requires this activity up to 33% of the time
Frequently: Job requires this activity between 33% - 66% of the time
Regularly: Job requires this activity more than 66% of the time
As an Inmar Associate, you:
Put clients first and consistently display a positive attitude and behaviors that demonstrate an awareness and willingness to listen and respond to clients in order to meet their short-term and long-term needs, requirements and exceed their expectations.
Treat clients and teammates with courtesy, consideration and tact; you also have the ability to perceive the needs of internal and external clients and communicate effectively with the objective of delighting and retaining the client.
Build collaborative relationships and work cooperatively with others, inside and outside the organization, to accomplish objectives, develop and maintain mutually-beneficial partnerships, leverage information and achieve results.
Set and attain achievable, yet aggressive, goals with a sense of urgency and accountability.
Understand that results are important and focus on turning mission into action to achieve results following the principles of agile, dynamic execution while consistently complying with quality, service and productivity standards to meet deadlines and exceed expectations by giving our clients the best possible outcome.
Support a safe work environment by following safety rules and regulations and reporting all safety hazards.