AML / KYC Analyst

Socket.dev; Stamford (CT); On-site; USD 70,000 - 110,000; Full time

Job summary

Gerald Group in Stamford, CT, seeks an AML/KYC analyst to serve as the Group’s second line of defense in global compliance with AML, KYC, ABC and sanctions requirements.

The role covers due diligence on counterparties, policy development, risk monitoring, audits, and staff trainings. 3–5 years in KYC/AML within trading/commercial finance is preferred.

Qualifications

• Bachelor’s Degree in Business Administration, Finance, Compliance, Law, or related field.
• 3–5 years of professional experience in KYC, AML, Sanctions, Risk, or Compliance.
• Strong attention to detail and ability to document audit trails for KYC/AML reviews.
• Strong written and verbal communication skills.
• Additional language skills are a strong plus.

Responsibilities

• Perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and sanctions screening on various local and international counterparties.
• Ensure adherence to internal AML/KYC and Sanctions requirements on local and global bases.
• Develop, maintain, and improve AML/KYC policies and procedures.
• Follow the development of AML/KYC/Sanctions laws and update senior management accordingly.
• Conduct ongoing monitoring and periodic KYC reviews to identify changes in ownership, management, or risk.
• Escalate material AML/KYC and Sanctions issues to senior management and relevant committees.
• Support testing and monitoring of AML/KYC controls and identify weaknesses.
• Support internal and external audits, regulatory reviews, and AML/KYC risk assessments.
• Coordinate with Finance, Risk, Legal, Compliance, and ESG to obtain counterparty information and facilitate trade flows.
• Perform transaction due diligence as needed.
• Maintain accurate KYC/AML records and documentation.
• Develop and deliver KYC/AML trainings to relevant employees.

Skills

KYC

AML

Sanctions

Compliance

CDD/EDD

Regulatory reporting

Risk assessment

Audit support

Education

Bachelor's Degree in Business, Finance, Compliance, Law

Job description

About the Company

Gerald Group is one of the world’s oldest and largest commodity trading companies focused on the merchanting of non-ferrous, ferrous, precious metals. For over six decades, we have distinguished ourselves as leading market specialists in the merchanting of all forms of refined metals and raw materials around the world. We take pride in our well-earned reputation as a dedicated and trusted partner to top-tier miners and processors, industrial consumers, and major financial institutions. We are boldly continuing this tradition as we advance a more sustainable metals trade. Founded in the United States, our main trading office is in Stamford, Connecticut. Our world-wide operations are supported by trading hubs and offices in Geneva, Shanghai, Dubai, and other locations. In addition to our merchanting business, our mining assets include the Marampa Mines iron ore mine in Sierra Leone, and the Soremi copper and zinc mine in the Republic of Congo.

Position Summary

The AML/KYC analyst will report to the Credit manager and is a key member of the compliance management framework of the Gerald Group. This position acts as the Second line of defense for the Group for all the AML/KYC related matters on a worldwide basis. The Group operates in various jurisdictions with different AML requirements.

The primary focus of the AML/KYC analyst will be to ensure that the Group is in compliance with the internal and external requirements in terms of AML, KYC, ABC and sanctions. The individual will also assist the Group in all the related projects and initiatives in the field of compliance.

Main Responsibilities and Activities

Primary responsibilities:

• Perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and sanctions screening on various local and international counterparties, including customers, suppliers, logistics companies, vessels, and shipping companies.
• Ensure adherence to internal policies and applicable AML/KYC and Sanctions requirements on a local and global basis, including KYC, risk assessments, screening, reporting, training, and regulatory requirements.
• Develop, maintain, and improve AML/KYC policies and procedures on local and global basis.
• Follow the development of AML/KYC/Sanctions laws for the jurisdictions where the Group operates and update the senior management accordingly;
• Conduct ongoing monitoring and periodic KYC reviews to identify changes in ownership, management, business activities, or risk profile.
• Escalate material AML/KYC and Sanctions issues to senior management and/or relevant committees.
• Support testing and monitoring of AML/KYC controls and identify control weaknesses or areas for improvement.
• Support internal and external audits, regulatory reviews, and AML/KYC risk assessments.
• Coordinate with internal stakeholders, including Finance, Risk, Legal, Compliance, and ESG, to obtain necessary counterparty information and facilitate trade flows.
• Perform transaction due diligence as needed.
• Maintain accurate and well-organized KYC/AML records and documentation
• Develop and deliver KYC/AML trainings to relevant employees.

Secondary responsibilities

• Coordinate with the different departments to fill in “KYC” forms/ answer questions from counterparties about the Group;
• Assist the management/compliance department on ad-hoc basis for compliance related tasks/project (e.g. regulatory/market compliance).

Requirements:

• Bachelor’s Degree in Business Administration, Finance, Compliance, Law, or a related field. 3 to 5 years of professional experience with prior experience in KYC, AML, Sanctions, Risk and/or Compliance within a commodity trading company financial institution.
• Strong attention to detail and organizational skills, with the ability to accurately document, organize, and maintain clear audit trails for KYC/AML reviews, findings, decisions, and escalations.
• Strong written and verbal communication skills
• Additional language skills are a strong plus (i.e. French, Spanish, Chinese).
• High level of integrity, honesty, and ethical judgment in all dealings.
• Strong analytical, interpersonal, and written and verbal communication skills.
• Ability to multitask, prioritize competing responsibilities, and work effectively under pressure.