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KYC/CDD Specialist

  • Location: New York, NY
  • Job Type: Contract
  • Ref No: 19-04372
  • Date: July 16, 2019
  • Job title:

Zachary Plotkin

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Job Description - KYC/CDD Specialist


POSITION: KYC / CDD Specialist

Major Responsibilities:

*Perform the "Checker” role in the review of CIP/CDD/EDD and Risk Modeling (periodical review) processes completed by Marketing RM/ARM.

*Perform the "Maker” role on CDC reviews of deposit and loan customers.

*Manage the daily responsibilities of the OBT function and provide advisory support to ensure customer boarding is working in-line with current operations and compliance procedures.

*Ensure all documents of OBT are retained appropriately to meet regulatory requirement and requests, prior to and during examination.

*Evaluate issues and matters that require escalation and work on ad-hoc project assigned by Operation during the escalation course.

*Perform ad-hoc special projects as required by department head or Branch Management.

*Assist Operation Head in monitoring customers associated with suspicious activities in terms of AML/OFAC risks.

*Assist Operation Head to develop, implement, and update operational policies and procedures to ensure its alignment with the Branch's AML/OFAC programs.

*Assist Operation and Compliance Department in reviewing and resolving various shortcomings of audit and examination issues raised by internal auditors and regulators/examiners.

*Contribute an effective CIP, CDD, EDD and CDC processes to include initial and ongoing assessments, review and analysis of unusual/suspicious account activity.

*Advise Operation Head/ Branch Management of new or amended BSA/AML laws, AML regulations, or regulatory agency guidance for recommending and implementation of changes and controls to mitigate BSA/AML risks.

*Assist the Branch in monitoring of the AML/OFAC Programs in compliance with relevant BSA/AML law & regulations.

*Liaise with Head Office on various system issues relating to Patriot Officer System and monitoring of system performance for enhancement.

*Responsible for preparation of customer profiles and system reports to respond to various AML related issues internally, to auditors, regulatory examiners, Head Office Operations and to the Branch Management.

*Responsible to coordinate with Compliance in updating related policies and procedures to ensure consistence with new and updated laws and regulations.

*Coordinate and provide input to relevant divisions in Head Office toward the improvement and enhancement of OBT related policy & procedures in NY Branch.


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