Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

SVB's First Line of Defense Enhanced Due Diligence Know Your Customer ("EDD KYC") team is responsible for conducting enhanced due diligence on higher risk client segments that may pose a higher risk for money laundering, terrorist financing, sanctions, or reputation risk in support of all legal and regulatory requirements as a large financial institution. As a Sanctions Enhanced Due Diligence Analyst, you will be a part of SVB's First Line of Defense EDD Team tasked with leading OFAC/Sanctions due diligence reviews of existing clients and prospects, ensuring that they are compliant with FCBs Risk Appetite, and any/all applicable sanctions regulations. Sanctions Due Diligence reviews require performing extensive research using open source and proprietary tools, reviewing sanctions adverse media, leading client due diligence calls, drafting client specific outreach questions, and conducting a comprehensive risk analysis to assess a broad spectrum of sanctions risk. Draft high-quality, thoroughly researched sanctions risk analysis as well as program, policy, and procedure documents. Maintains knowledge of laws and regulations, particularly US and international sanctions programs and foreign policy issues, through ongoing research and industry involvement. Demonstrate subject matter expertise by acting as a trusted resource and assist in developing and delivering sanctions training on new or emerging sanctions risks. Partnering with key stakeholders across the First Citizens platform including relationship, product teams and Sanctions Compliance is critical.

• Enhanced Due Diligence Reviews - Perform through EDD Sanctions reviews on new and existing clients, ensuring compliance with regulatory requirements and internal policies. Conduct in-depth analysis of client profiles, business activities and ownership structures to assess sanctions, terrorist financing and other financial crime risks. Review and verify client documentation including identification documents, financial statements, and transaction records to ensure accuracy and completeness of KYC information. Assist clients and prospects in establishing the proper sanctions control environment to ensure compliance with the Bank's requirements.
• Regulatory Compliance - Serve as sanctions SME's and ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions and AML regulations. Document and maintain accurate records of due diligence reviews, including findings, decisions, 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 action plans, and ensure all processes and changes implemented fully comply with applicable regulations and legislation, standards, policies, and guidelines.
• Risk Analysis - Lead 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 comments based on their risk factors including business type, transaction volume and geographical location. Analyze client transaction and account activity to identify red flags indicative of potential financial crimes, known sanctions evasion techniques or high-risk activities. Identify and communicates opportunities to automate/streamline quality and compliance efforts.
• Reporting & Training - Develop and report risk tolerance metrics and provide ongoing reporting on high-risk sector pipeline to senior management. Communicate effectively with internal stakeholders, relationship managers and business units to address queries and resolve issues related to EDD. Provide expertise in assessing prelaunch or emerging business models to align with internal requirements for EDD and approval. Collaborate with cross-functional teams to share insights, provide support, training and guidance on policies, procedures, and best practices, promoting a culture of compliance.

• Preferred Qualifications:
  • Preferred Area of Experience: Investigation of Financial Crimes or Customer Due Diligence in a financial institution or in combination with law enforcement