AML Contractor

Summary: This is a 6-month contract position with the possibility of extension. The AML Sanctions and KYC Analyst Contractor is part of the Compliance department, supporting our efforts to mitigate risks related to money laundering, terrorism financing, and other financial crimes. You will conduct thorough investigations, due diligence, and analysis to ensure compliance with sanctions regulations and KYC requirements. Additionally, you will collaborate closely with our customer service team to address any partner concerns related to sanctions and KYC issues.  

Responsibilities:  

Sanctions Analysis:  

• Supervise and analyze global sanctions lists, regulatory changes, and advisories.  
• Conduct comprehensive investigations to identify potential sanctions matches.  
• Provide recommendations for escalating and reporting sanctions-related issues.  

KYC Due Diligence:  

• Review customer onboarding and ongoing due diligence documentation.  

• Verify customer identities and assess the nature of their business activities.  
• Ensure KYC files are complete, up-to-date, and aligned with regulatory standards.  

Risk Assessment:  

• Evaluate customer transactions and account activity for unusual or suspicious behavior.  
• Assess and rate the level of risk associated with each customer relationship.  

• Collaborate with the risk management team to determine appropriate risk mitigation strategies.  

Customer Service Escalations:  

• Serve as a point of contact for the customer service team regarding sanctions and KYC inquiries and issues.  
• Provide guidance and support to resolve customer-related issues related to compliance.  
• Collaborate with customer service representatives to address customer concerns while maintaining compliance standards.  

Documentation and Reporting:  

• Prepare and maintain detailed records of sanctions and KYC activities.  
• Generate reports for internal and external collaborators as required by regulations.  
• Assist in preparing and filing suspicious activity reports (SARs) and sanctions-related reports.  

Training and Compliance:  

• Stay current with sanctions regulations, industry standard processes, and emerging risks.  
• Provide training and guidance to colleagues on sanctions and KYC matters.  

Other activities:  

• Other duties as assigned. 

Qualifications: 

• 1-2 years of tangible work or internship experience in operations, customer service, or a financial service organization  
• Ability to take direct ownership of projects. 
• Organized with a keen eye and attention to detail. 
• Excellent written and verbal communication. 
• Proficiency in Microsoft Excel 

• Experience with technology solutions relating to AML compliance a plus. 

This is a 6-month contract position with the possibility of extension. The payrate for this position is $23.93.