Job Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

Based in New York headquarters or Aventura FL, the Ongoing Due Diligence KYC Analyst will work under the Head of Ongoing Due Diligence supervision. 

This individual must have a strong understanding of banking KYC/CIP laws and regulations including the Bank Secrecy Act, USA PATRIOT Act, KYC, OFAC, SARs and CTRs.

Main responsibilities:

• Perform KYC CDD/EDD and ODD Reviews for new and existing customers
• Perform risk scoring review of existing customers
• Ensure BSA/AML requirements relating to existing customer are met
• Review negative news for disposition and escalation to Senior Management
• Review and disposition of ODD alerts in KYC CDD Actimize Application
• Understanding and complying with internal controls
• Supporting KYC requirements for customers across multiple business lines
• Refer potentially suspicious activity while conducting due ongoing due diligence 
• Ensure proper CIP was performed on new and existing customers
• Ensure compliance with CDD Rule and Beneficial Ownership requirements
• Ensure compliance with regulations and IDB policies and procedures

Qualifications

• Experience working for a bank within the KYC function, or similar, handling customer onboarding and periodic customer reviews 
• Subject matter expertise in KYC, CIP, CDD and EDD regulatory requirements including beneficial ownership
• 3-5 years of experience in KYC Periodic reviews, High risk Customer reviews, KYC alert reviews and alert disposition
• Ability to perform duties independently communicate effectively with all levels of staff and management
• Ability to work independently and within a team atmosphere in a fast-paced, deadline-driven environment
• Ability to assess and understand complex business formation and governance documents
• Demonstrated success articulating and delivering findings on AML high risk behaviors and KYC data
• Experience researching and investigating persons and entities using various databases and search engines.
• Demonstrated ability to actively and effectively interact and partner with different business lines of the Bank
• Knowledge of Actimize and Jack Henry applications preferred
• Excellent written and oral communication skills
• Bachelor’s degree in finance, economics, criminology, or other related fields
• Fluent in Spanish or Portuguese preferred
• Master’s Degree preferred
• ACAMS Certified or equivalent

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

We are operating on a Hybrid schedule.

NO AGENCIES PLEASE.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

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