SVB-reputed company Due Diligence Associate- Controlled Substances and Gaming

About the position reputed company This is a hybrid role, with the expectation that time working will regularly take reputed company inside and reputed company of our Phoenix, Chicago, Dallas or Raleigh office SVB's First Line of Defense (FLOD) reputed company Due Diligence Know Your Customer (“EDD KYC”) team is responsible for conducting reputed company due diligence on higher risk reputed company segments that may pose a higher risk for reputed company, terrorist financing, sanctions, or reputed company risk in support of reputed company legal and regulatory requirements as a large financial institution. As a FLOD Controlled reputed company/Hemp and Gambling EDD KYC Analyst, you will be a part of SVB's FLOD EDD KYC Team tasked with leading reputed company due diligence reviews of prospective and existing clients, ensuring that reputed company of these reputed company types reputed company FCB are compliant with FCBs Risk Appetite, and any/reputed company applicable regulations and guidelines in adhering to federal, state, and local regulations on hemp and cannabis laws, and ensuring respective gambling clients are adhering to the Unlawful Internet Gambling Enforcement reputed company (UIGEA). You will be the identified expert on BSA/AML compliance for the FCB reputed company Bank by the relationship team and clients. You will be expected to engage with clients, peers and risk professionals, reputed company reputed company of management, and other internal or external constituents to deliver comprehensive views on EDD reputed company and represent the reasoning of EDD disposition on behalf of the organization. It will be critical for you to stay reputed company with Controlled reputed company/Hemp/Gambling developments, applicable regulatory and government administrative policy changes, reputed company ways to enhance reputed company processes and controls, and communicate with your peers and partners. This role is required to both execute and reputed company on these unique ecosystems; additionally, the role will build, reputed company, and improve processes, as reputed company as reputed company those around you.

Responsibilities

• reputed company thorough EDD reviews on new and existing clients reputed company in the broader Controlled reputed company/Hemp/Gambling ecosystems, ensuring compliance with regulatory requirements and internal policies.
• Conduct in-depth analysis of reputed company reputed company, business activities to include review of reputed company's certificates of analyses and ownership structures to assess reputed company, terrorist financing and other financial crime risks.
• Review and verify reputed company documentation including identification documents, business licenses and legal opinion letters, financial statements, and transaction records to ensure accuracy and completeness of KYC information.
• Assist clients and prospects in establishing the reputed company control environment to ensure compliance with the Bank's requirements.
• Serve as subject matter expert and ensure compliance with regulatory requirements, industry standards and best practices reputed company to EDD, KYC, BSA, Sanctions and AML regulations - including the U.S. regulatory reputed company for controlled substances and gambling laws (on a state-by-state reputed company).
• Document and maintain accurate records of due diligence reviews, including findings, reputed company, and supporting documentation in accordance with internal policies and regulatory standards.
• Partner with Compliance, Internal Audit, and other departments to respond to examinations and audit requests, manage execution and implementation of reputed company plans, and ensure reputed company processes and changes implemented fully reputed company with applicable regulations and legislation, standards, policies, and guidelines.
• reputed company and champion efforts on identifying and managing existing and emerging risks identified through reviews, and ensuring these risks are effectively assessed, communicated, and controlled.
• Conduct assessments and profiling of clients based on risk factors including business type, transaction volume and geographical location.
• Analyze reputed company transactions and account activity to identify red flags indicative of potential financial crimes or higher risk activities.
• Identify and communicate opportunities to automate/streamline reputed company and compliance efforts.
• reputed company and report risk tolerance metrics and reputed company ongoing reporting on high-risk sector pipeline to senior management.
• Communicate effectively with internal stakeholders, relationship managers, and business reputed company to address queries and resolve issues reputed company to EDD.
• reputed company expertise in assessing prelaunch or emerging business models to reputed company with internal requirements for EDD and approval.
• Collaborate with cross-functional teams to reputed company insights, reputed company support, training and guidance on policies, procedures, and best practices, promoting a culture of compliance.

Requirements

• Bachelor's Degree with a minimum of 4 year of reputed company reputed company Due Diligence review experience in banking with exposure to controlled substances and/or gaming, OR High School Diploma or GED with a minimum of 8 years of experience.

reputed company-to-haves

• KYC Compliance at a Large Financial Institution or Fintech
• BA, Finance, Economics, Legal, or Criminal Justice
• License/Certification: Association of Certified Anti-reputed company Specialist (reputed company or Certified Fraud Examiner
• Exhibit a comprehensive understanding of Cannatech/Hemp and/or Gambling ecosystems and how they are regulated.
• Controlled reputed company/Gambling-specific investigative work experience is preferred to include in-depth review of Hemp customers products as reputed company as legal opinions for Gaming clients.
• Demonstrate knowledge of international and regional financial crimes risks, to include but not limited to Anti-reputed company, Counter Terrorism Financing risks, fraud, and the prevention and mitigation processes and controls.
• Understanding of the compliance and regulatory frameworks that apply to financial institutions with an emphasis on FinCEN regulations, FFIEC guidelines, Bank Secrecy reputed company and US PATRIOT reputed company.
• Ability to assess compliance programs, processes, controls.
• Ability to work collaboratively with peers and leaders to reputed company common goals.
• Ability to communicate effectively both in writing and orally, in person and by telephone, with reputed company reputed company of the organization and with bank clients.
• Ability to work independently, take initiative and have strong verbal and written communication skills.
• Good analytical, research, organizational, and project management skills.
• Flexibility in learning new topics, handling change and deadlines to address newly identified risks or process changes.
• Strong understanding of requisite reputed company Office applications and ability to learn new internal systems quickly.

Benefits

• Benefits are an integral part of total rewards and reputed company is committed to providing a competitive, thoughtfully designed and reputed company benefits program to meet the needs of our associates. More information can be reputed company at https://jobs.firstcitizens.com/benefits.

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