The position is partially onsite in Jacksonville, FL.
As a Business Line Anti-Financial Crime (BLAFC) Analyst - Associate you will serve as the first point of contact for all Anti-Financial Crime (AFC) related matters and support Know Your Client (KYC) components of the AFC program for the Corporate Bank business division which comprises Correspondent Banking, Trade Finance, Fintech & Platform, Cash Management, Trust & Agency Services, and Community Development Finance Group.
You will assume a key role within the team responsible for performing risk reviews of the company's KYC population (CB/IB/WM) in accordance with AFC global/regional objectives and you will deliver against agreed quality and productivity expectations.
What We Offer You:
- We offer competitive health and wellness benefits, empowering you to value life in and out of the office
- Active engagement with the local community through the company’s specialized employee groups
- An environment that encourages networking and collaboration across functions and businesses
Key Responsibilities:
- Review & decision through enhanced due diligence (EDD) processes for US region high-risk & elevated-risk the company-client relationships, at various client lifecycle stages (NCA/PR/EDR), in an effective and efficient timeframe.
- Conduct client risk assessments on escalated client files. Risk assessments include reviewing and challenging; country, industry, entity, channel, and product risks, including special risk factors such as Politically Exposed Persons (PEPs), adverse media/negative news, complex ownership structures, links to special risk factors, & any other reputational concerns.
- Review and assess the appropriateness of policy exemption requests relating to alternative verification measures.
- Perform completeness and accuracy validations of client screenings and address potential matches. Document the assessment/disposition of screening results according to procedures and guidance.
- Research/analyze and provide recommended remediation efforts for clients that present AFC risk.
- Advise Business & KYC colleagues on inquiries and issues arising from the client onboarding process.
Skills and Experience:
- 2-4 years of experience in the financial services industry within AML/CFT/BSA Compliance, Risk Management, Business Controls, KYC, Legal, & Regulatory Functions.
- Bachelor’s Degree or equivalent work experience/qualifications. CAMS Certification (preferred, but not required).
- Superior risk management skills and knowledge of relevant local/global AML laws/regulatory requirements.
- Knowledge of USA PATRIOT Act, 5th EU Money Laundering Directive, FATF standards, Wolfsberg Group & other regulatory measures. (preferred).
- Basic Understanding of Global Banking - Correspondent Banking, Trade Finance, Cash Management, and/or Corporate Trust products & services.