Watchlist Management Associate
at Onbe

Summary

Join our team as a Watchlist Management Associate and play a vital role in the Compliance department supporting efforts to mitigate risks related to money laundering, terrorism financing, and other financial crimes. This role involves conducting comprehensive PEP and adverse media screening, due diligence, and analysis to ensure compliance with sanctions regulations and KYC requirements.

Requirements

• 1-2 years of tangible work experience in operations, customer service, or working at a financial service organization
• Ability to take direct ownership of projects
• Organized with a keen eye and attention for detail
• Strong work ethic and problem-solving skills
• Excellent written and verbal communication
• Proficiency in standard PC (Word, Excel and PowerPoint) programs and SQL

Responsibilities

• Supervise and analyze global sanctions lists, regulatory changes, and advisories
• Conduct comprehensive investigations to identify potential sanctions matches
• Provide recommendations for escalating and reporting sanctions-related issues
• Review customer onboarding and ongoing due diligence documentation
• Verify customer identities and assess the nature of their business activities
• Ensure KYC files are complete, up-to-date, and aligned with regulatory standards
• Evaluate customer transactions and account activity for unusual or suspicious behavior
• Assess and rate the level of risk associated with each customer relationship
• Collaborate with the risk management team to resolve appropriate risk mitigation strategies
• Serve as a point of contact for the customer service team regarding sanctions and KYC inquiries and issues
• Provide guidance and support to resolve customer-related issues related to compliance
• Collaborate with customer service representatives to address customer concerns while maintaining compliance standards
• Prepare and maintain detailed records
• Generate reports for internal and external stakeholders as required by regulations
• Assist in preparing and filing suspicious activity reports (SARs) and sanctions-related reports
• Stay current with sanctions regulations, industry best practices, and emerging risks
• Provide training and guidance to colleagues on sanctions and KYC matters

Benefits

• Medical
• Dental
• Vision
• Wellness
• 401(k) matching
• Open PTO
• Generous parental leave