Financial Crimes Compliance Analyst

Vaco by Highspring; New York (NY); Remote; USD 60,000 - 80,000; Full time

Job summary

A leading fintech company is seeking a Financial Crimes Compliance Analyst for a temporary position. This role involves reviewing sanctions transaction alerts, conducting compliance reviews, and supporting the expansion of compliance controls. Candidates should have strong analytical skills and attention to detail. This position is fully remote and offers a pay rate of $25-$30/hr.

Qualifications

• Experience in financial crime compliance or a related field is preferred.
• Strong analytical skills to assess and review complex transaction alerts.
• Ability to work systematically through a backlog of compliance tasks.

Responsibilities

• Review sanctions transaction monitoring alerts and investigate transactions.
• Conduct perpetual KYC reviews and update customer information.
• Perform enhanced due diligence reviews for high-risk customers.
• Conduct R16 investigations related to sanctions.
• Participate in launching compliance controls in new geographies.

Skills

Sanctions Transaction Monitoring

KYC and EDD Compliance

Analytical Skills

Attention to Detail

Job description

Client: Fintech Organization

Role: Financial Crimes Compliance Analyst (Temporary)

Pay Rate: $25-$30/hr

Location: Fully Remote

Duration: 4-6 months with the opportunity to extend based on performance.

Responsibilities:

• Sanctions Transaction Monitoring Alert Reviews: This crucial task involves the meticulous review of alerts generated by our sanctions screening systems. These alerts flag transactions that may involve geographies or other data triggers with a sanctions nexus. The contractors will be responsible for investigating these alerts, analyzing transaction details, and making informed decisions on whether to clear the transaction or escalate it for further review.
• Perpetual KYC (pKYC) Reviews: This is a continuous process of re-evaluating and updating customer due diligence information to ensure ongoing compliance with Know Your Customer (KYC) regulations. The current backlog of pKYC reviews stands at a significant 5,665 cases and continues to grow. Since its launch four months ago, this process has generated an average of approximately 2,000 cases per month. The contractors will be responsible for systematically working through this backlog, conducting comprehensive reviews of customer profiles, identifying any changes in risk factors, and coordinating with Fraud Ops to update records accordingly.
• Enhanced Due Diligence (EDD) Reviews: EDD is a more intensive form of customer due diligence applied to high-risk customers based on Affirm's customer risk rating model. The contractors will be responsible for conducting in-depth reviews, which involve gathering additional information, scrutinizing risks associated with the account, and assessing the legitimacy of transactions.
• R16 Investigations: The contractors will be involved in conducting R16 investigations, which typically refer to specific types of regulatory or internal investigations related to sanctions. This may involve gathering evidence, researching relevant parties, analyzing transactional data, and preparing detailed reports.
• Further Launch of Controls (e.g., KYC and EDD in other geographies outside the US): This responsibility involves active participation in the expansion of existing compliance controls, specifically pKYC and EDD, into new international geographies beyond the United States. The contractors will perform the day-to-day operations once these are built and launched with the UK likely to be first based on regulatory requirements.