AML Compliance Specialist - Client Intelligence Unit

The role:

The Client Intelligence Unit  Specialist role will be responsible for performing Level 2 escalation reviews of Enhanced Due Diligence/Periodic Reviews, name screening and transaction screening alerts, and determining the appropriate course of action.  In addition, the Client Intelligence Unit  Specialist will assist with the provision of Know Your Customer (KYC) (Client Identification Procedures (CIP) and Customer Due Diligence (CDD) Procedures)-related advice and guidance related to  SoFi’s diverse products and services. 

What you’ll do:

•  Ensure customer and transaction-related alert determinations are appropriate, fully supported, and documented.

• Support CIU Operations with internal investigations related to name screening (Sanctions, Politically Exposed Persons, and Adverse Media)  and transaction screening sanctions alerts

• Identify and verify business relationships with legal entities, requiring the identification of legal and ownership structures, beneficial owners, and other pertinent information. 

• Conduct Enhanced Due Diligence periodic reviews of existing customers to ensure that customer information is current and accurate and that activity is in line with what is expected for the customer type.

• Maintain a thorough comprehension of AML typologies related to retail banking, lending, and securities.

• Conduct research utilizing available systems, databases, and the internet, consistent with procedures. 

What you’ll need:

• Bachelor’s Degree from a four-year college or university in a related field

• 1-2- years of experience in the finance industry focusing on KYC and EDD reviews

• Demonstrated ability to communicate effectively with all levels of the organization and across different business lines

• Excellent working knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity

• Specific knowledge and experience  in performing KYC/CDD processes at financial institutions 

Skills in:

• Experience with AML CDD/EDD including conducting transactional activity reviews and KYC/KYB onboarding reviews

• Excellent organizational, verbal, written and interpersonal skills are required

• Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines

• Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure

• Excellent analytical skills and communication required

Nice to have:

• CAMS certification preferred or willingness to obtain within the initial 12 months of hire.