Financial Crimes Due Diligence Specialists

Apex Systems; St. Louis (MO); Hybrid; USD 80,000 - 100,000; Full time

Job summary

Apex Systems seeks a Financial Crimes Due Diligence Specialist to enhance due diligence processes and manage risks associated with clients. This role involves reviewing transactions, writing detailed risk summaries, and ensuring compliance with AML policies. Ideal candidates will have significant experience in financial crimes due diligence and strong analytical skills.

Benefits

Comprehensive benefits package

Career resources and training opportunities

Qualifications

• 3-7+ years of experience in financial crimes due diligence.
• Proven ability to review customer transactions.
• Expertise in sourcing due diligence reviews from reputable databases.

Responsibilities

• Review customer transactions and prepare risk summaries.
• Generate relationship memos outlining characteristics of entities.
• Conduct comprehensive due diligence reviews.

Skills

Financial crimes due diligence

Risk assessment

Analytical tools proficiency

Strong writing skills

Tools

QlikView

Job description

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Job Description:

Overview: This role is essential in enhancing the due diligence processes and managing the new risks associated with clients and fund customers. The bank has identified a gap where an AML policy rewrite is needed to address non-financial clients and fund customers (hedge fund, collective hedges, private) which has created new risk attributes that need to be taken into account as part of the customer due diligence process. Resources will support various initiatives aimed at improving compliance with AML policies and ensuring comprehensive oversight in their financial operations.

Client:

Financial Services

Job Title:

Financial Crimes Due Diligence Specialists

Contract Length:

12-24 months, potential to convert, W2

Locations:

St. Louis, MO, Charlotte, NC, Minneapolis, MN, or Tempe, AZ | Hybrid 3 days/week on-site, 2 days/week remote

Rate:

$35-70/hr W2 (depending on years of experience)

Top Requirements:

• 3-7+ years of experience in financial crimes due diligence, specifically in enhanced due diligence and underwriting.
• Proven ability to review customer transactions and write detailed risk summaries.
• Strong writing skills to develop relationship memos and documentation.
• Expertise in sourcing due diligence reviews from reputable databases (e.g., World Check) and conducting investigations to identify PEP.
• Familiarity with Anti-Money Laundering (AML) programs and relevant compliance regulations.
• Experience in defining and identifying risk ratings based on established criteria.
• Understanding of customer due diligence methodologies, particularly in high-risk areas, demographics, and foreign financial institutions.
• Proficiency in using analytical tools such as QlikView for activity assessment.

Plusses:

• Background in assessing risks associated with customers, including hedge funds and collective fund structures.
• Knowledge of the updated risk rating model for customers and the capacity to manage high-risk relationship profiles.
• Familiarity with regulatory requirements, including the Patriot Act and other relevant financial regulations.
• Experience collaborating with business units and consulting with peers to develop comprehensive due diligence memos.

Job Summary:

The Financial Crimes Specialists will play a critical role within the operations function, focusing on the assessment and management of financial crimes risk. These resources will be responsible for conducting thorough financial and reputational reviews of entities, evaluating risks, and ensuring that the organization adheres to AML policies. As part of the ongoing AML policy rewrite, this role involves creating and implementing strategies that account for the specific risks posed by clients, while also enhancing the overall due diligence process.

Day-to-Day Responsibilities:

• Review customer transactions and prepare risk summaries that detail customer relationships and ownership structures.
• Generate relationship memos that outline the characteristics of entities, including demographic information, locations, and compliance with risk management criteria.
• Execute comprehensive due diligence reviews by sourcing information from various platforms, including databases and the internet.
• Calculate and assign risk ratings to entities based on defined criteria, with an understanding of how to mitigate risks associated with high-risk customers.
• Conduct activity reviews comparing expected versus actual customer behavior to identify anomalies or concerns.
• Maintain collaboration with business partners to meet productivity metrics while ensuring compliance with enhanced due diligence standards.
• Assist in the integration of new risk attributes into the financial crimes due diligence process, particularly those emerging from the policy updates concerning fund customers.

EEO Employer

Apex Systems is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), age, sexual orientation, gender identity, national origin, ancestry, citizenship, genetic information, registered domestic partner status, marital status, disability, status as a crime victim, protected veteran status, political affiliation, union membership, or any other characteristic protected by law. Apex will consider qualified applicants with criminal histories in a manner consistent with the requirements of applicable law. If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation in using our website for a search or application, please contact our Employee Services Department at [email protected] or 844-463-6178.

Apex Systems is a world-class IT services company that serves thousands of clients across the globe. When you join Apex, you become part of a team that values innovation, collaboration, and continuous learning. We offer quality career resources, training, certifications, development opportunities, and a comprehensive benefits package. Our commitment to excellence is reflected in many awards, including ClearlyRated's Best of Staffing in Talent Satisfaction in the United States and Great Place to Work in the United Kingdom and Mexico.