KYC/AML Refresh Associate

Job Description

Position Purpose:

Responsible for the implementation of the appropriate client refresh screening for all existing customer relationships, which includes examining account documentation on file, identifying documentary deficiencies and working with front office personnel to ensure the collection of missing documentation/information to maintain updated KYC records for each customer. The KYC/AML Refresh associate should have comprehensive knowledge of complex corporate structures, standard KYC requirements per customer type, disposition of positive alerts (such as Negative news, PEPs, and potential Sanctions matches) and a strong understanding of FINCEN CDD Rule, BSA requirements, USA Patriot Act and OFAC regulations.

Essential Duties and Responsibilities:

• Reviews documentation and identifies documentary deficiencies for customer's relationships in the following divisions: FCM and SXM divisions.
• Ensures KYC (Know Your Customer) requirements are complete for each customer reviewed.
• Communicate deficiencies identified to front office personnel and potentially to customers, to collect missing information/documents.
• Follow up with Front office personnel and customers until all information/documents are collected during refresh process.
• Reports to Unit and Business Heads on the progress of the refresh process and provides ideas to address difficulties.
• Identifies and escalates potential KYC AML and legal concerns to the KYC Refresh Officer.
• Conducts analysis on the ownership and control structures of customers via publicly available source or company documentation to meet full KYC due diligence.
• Coordinates closely with cross-functional areas including operations, legal, sales & trading, and senior management to provide training to front office personnel on customer due diligence and KYC requirements.
• Participate in projects within Unit to enhance the refresh process.
• Identifies potential areas for enhanced processing and automation of manual processes.
• Assists with ad-hoc projects and reviews as needed.
• Maintains prompt and regular attendance.
• This list of duties and responsibilities is not intended to be all-inclusive and can be expanded to include other duties or responsibilities that management deems necessary.

Essential Skills and Experience

• Bachelor's degree in Finance or Business
• 2 to 4 years onboarding and/or AML experience preferably in commodities.
• Good working knowledge of AML, KYC, FINCEN CDD Rule, CIP, OFAC and PATRIOT Act requirements and regulations.
• Must have a strong working knowledge of customer types, complex corporate structures and documentation aligned to customer due diligence requirements.
• Skilled in researching, interpreting, and disseminating information on AML/KYC regulations and laws.
• Demonstrated ability working with people in connection with challenging issues.
• Strong organization skills and attention to detail.
• Demonstrated proficiency using Microsoft Office.
• Ability to manage multiple tasks and ability to adapt to changing priorities in a fast-paced environment.
• Ability to effectively present information and respond to questions from groups of managers, customers, and the general public.
• Ability to work independently.
• Effective written and oral communication skills.
• Travel flexibility, approximately 5%- 10% of the time.
• Must be authorized to work in the US for any employer.

Physical requirements/Working conditions:

• Climate controlled office environment.
• Minimal physical requirements other than occasional light lifting of boxed materials.

Dynamic, time-sensitive environment.