AML Compliance Specialist - Client Intelligence Unit (CIU)
Job description
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Who we are:
Shape a brighter financial future with us.
Together with our members, we're changing the way people think about and interact with personal finance.
We're a next-generation fintech company using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we're at the forefront. We're proud to come to work every day knowing that what we do has a direct impact on people's lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The role
The AML Compliance Specialist - CIU will be responsible for conducting due diligence on new and existing customer relationships to ascertain whether potential legal, regulatory, or reputational risk exists. The AML Compliance Specialist - CIU will conduct comprehensive research and document their analysis and conclusions within the SoFi case management system.
What you'll do:
Conduct Sanctions, PEP, and Adverse Media screening as part of Customer Due Diligence ("CDD") and Enhanced Due Diligence ("EDD") reviews, for new and existing customers and evaluate whether AML risks and/or red flags are present and escalate as appropriate
Conduct periodic reviews of existing customers based on customer risk rating to ensure that customer information is current and accurate and that expected activity reviewed is in-line with the actual activity conducted by those customers
Complete FinCEN 314(a) processes in accordance with documented internal procedures
Maintain a thorough comprehension of AML typologies related to retail banking, lending, and securities.
Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations
What you'll need:
Bachelor's Degree from a four-year college or university in a related field
2-4 years of experience in the finance industry focusing on customer screening, CDD and EDD
Demonstrated ability to communicate effectively with all levels of the organization and across different business lines
Excellent working knowledge of AML/BSA laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity
Skill in:
Experience with AML customer due diligence and enhanced due diligence, including conducting transactional activity reviews
Excellent organizational, verbal, written and interpersonal skills are required
Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines
Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure
Excellent analytical skills and communication required
Nice to have:
CAMS certification preferred or willingness to obtain within the initial 12 months of hire.
Why you'll love working here:
- Competitive salary packages and bonuses
- Comprehensive medical, dental, vision and life insurance benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- These benefits are only applicable to full time employees
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
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