KYC Analyst II (Hybrid AZ, UT, NC)

About the role

A KYC Analyst is part of a First Line of Defense (FLOD) team, accountable for reviewing and verifying the identify of a client. Responsibilities of the analyst includes conducting Know Your Client (KYC) reviews by researching client information, analyzing client documentation/records for adherence to regulatory rules on both new and existing clients, serving as the first point of contact for client outreach related to KYC information needed, engaging relationship teams and other internal regulatory or operational teams as needed, and coordinating satisfactory resolution of any outstanding items to comply with regulatory requirements. A KYC Analyst is responsible for facilitating regulatory adherence by effectively delivering current, accurate, and timely resolutions of missing or outdated information. Requests for information and KYC review may be received through a variety of internal channels and resolutions are generated by researching, collecting updated information, analyzing records, executing updates, or escalating issues typically guided by precedent and/or established procedures. Analysts perform assigned functions under limited supervision and ensures adherence to all regulations, procedures, policies, and job-aids. May serve as a resource for team members and leverages knowledge to detect areas for improvement. Support is provided to clients across multiple business units including Startup Banking, Technology, Life Science, Wine, Global Fund Banking, Equipment Financing, Rail, and Wealth Management. As a FLOD function, team provides support to Second Line of Defense SLOD teams.

Responsibilities

• Daily Operations – Performs ID&V, reviews client records for completeness, accuracy, and adherence to KYC requirements.
• Collects updated information from client and coordinates operational efforts required to update records within established guidelines.
• Conducts real-time QA audits on all high-risk customers’ Enhanced Due Diligence packages for compliance with Client Onboarding and AML and Sanctions Compliance policies and procedures.
• Restricts and close deposit