KYC Associate
KYC Associate - Financial Institution (On-site, New York City)
Salary Range: $65,000 - $70,000/year
A global financial institution with a wholesale and investment banking presence in New York City is seeking a KYC Associate to support its Know Your Customer (KYC) and Customer Due Diligence (CDD) program. This on-site role ensures client profiles are complete, accurate, and compliant with internal policies and regulatory standards, focusing on periodic reviews and new client onboarding.
Key Responsibilities:
- Conduct risk-based periodic and event-driven KYC reviews and onboarding checks.
- Analyze legal documents, ownership structures, financials, and customer activity.
- Perform adverse media, PEP, and OFAC sanctions screening; escalate potential matches.
- Assess transactional activity against expected profiles and recommend risk adjustments.
- Maintain data integrity in KYC systems and ensure audit trail completeness.
- Participate in user acceptance testing (UAT) and support system enhancements.
- Assist in drafting procedures and generating management reports.
- Collaborate with Sanctions and Transaction Monitoring teams on alerts and investigations.
- Contribute to compliance projects such as remediation and stakeholder reporting.
Qualifications:
- Bachelor's degree or equivalent experience.
- Prior experience in KYC/CDD/EDD, AML, or compliance roles within banking.
- Familiarity with BSA/AML, OFAC, CIP, beneficial ownership, and legal entity types.
- Strong analytical writing, attention to detail, and time management skills.
- Effective communicator with cross-functional collaboration experience.
Technical Skills:
- Proficiency in MS Office (Excel, Word, PowerPoint).
- Experience with KYC and screening platforms (e.g., World-Check, Dow Jones, LexisNexis).
- Data analysis skills; SQL/Oracle knowledge is a plus.
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