PROCESS DELIVERY SPECIALIST-RISK & COMPLIANCE

About the Role

Analysts engage in risk, compliance, and financial crimes projects to serve Promontory clients within the banking and finance industry. This role helps clients meet and exceed regulatory expectations.

Key Responsibilities

• Contribute to BSA, anti-money laundering surveillance and reporting assistance, and OFAC sanctions compliance.
• Analyze, assess, and write clearly and concisely.
• Apply logic and strong reasoning skills to conduct research for case analysis.
• Use sound decision-making skills to make recommendations based on research results.
• Compose comprehensive supporting narratives.
• Interpret and apply project policies and procedures.
• Maintain high work product quality as outlined by project specifications.
• Ensure work adheres to defined engagement policies and procedures.
• Manage work efficiently to meet production goals and project deliverables.
• Contribute to developing individual and project goals and execute on tactical strategies for goal attainment.

Common Areas of Involvement

• Office of Foreign Asset Controls (OFAC) Sanctions Screening
• Review sanctions screening alerts generated by client systems.
• Compare customer profile and OFAC match profile details to identify mismatches.
• Utilize phonetics, spelling, and knowledge of short names/nicknames to support name mismatches.
• Utilize client-provided Politically Exposed Person (PEP) guidance for close family members.
• Conduct online research to confirm or clarify mismatch or match data.
• Close mismatches or escalate possible true matches with notations.
• Know Your Customer (KYC) Remediation - Consumer/Personal
• Review KYC alerts for new customers or ongoing KYC review/remediation.
• Review customer profile details and any KYC gaps.
• Review customer documentation for validity, completeness, and required notary services.
• Update customer profile details with incoming data.
• Currency Transaction Report (CTR) Review
• Pull, aggregate, and reconcile multiple transaction reports.
• Validate transactions are truly cash.
• Determine daily cash aggregates per customer exceeding $10,000.
• Determine if CTRs were filed and file missing CTRs.
• Customer Due Diligence (CDD) Review
• Review customer KYC data, customer profile, account types, purpose of accounts, and expected use.
• Verify customer details such as address, SSN, DOB, and other relevant information.
• Verify supporting documentation for all profile information.
• Determine Source of Wealth and Source of Funds.
• Conduct risk assessment and risk rating based on bank risk methodology.

Requirements & Tech Stack

• Competency with computers, including proficiency with all Microsoft Office products.
• Prior experience with a variety of computer database and testing systems.

Qualifications

• Excellent writing, research, analytical, and critical thinking skills.
• Strong work ethic and natural curiosity.
• Ability to learn new skills.
• Ability to work within time constraints.
• Ability to meet uncompromising quality requirements and production expectations.
• Ability to work closely with others in a dynamic team environment.
• Ability to work independently, take initiative, and adapt to change.
• Ability to quickly understand and maintain current knowledge of banking regulations, concepts, and issues.
• Ability to quickly learn new applications and client systems to conduct research.
• Sound judgment and ability to observe the highest degree of confidentiality.
• Adept at multi-tasking and meeting deadlines in a high-pressure environment.
• Results-oriented team player with strong initiative and flexibility.
• Strong analytical and problem-solving abilities.
• Superior writing skills with the ability to convey ideas clearly and succinctly.
• Exemplary customer service towards both internal and external parties.
• Exceptional research and processing skills with the ability to analyze large data sets, decipher higher risk attributes (transactional, geographical, product, customer type, etc.), and disposition appropriately.
• Bachelor's Degree (Required).
• Master's Degree (Preferred).
• Undergraduate degree in Business Administration, accounting, finance, or other related discipline; or equivalent combination of education and experience that is required for the specific job level. (Preferred)