Dealer Services - AML/KYC Officer - Associate

Join our Consumer & Community Banking division, a leader in credit card sales and deposit growth, offering diverse financial services.

As part of the Anti-Money Laundering/Know-Your-Customer Controls team, you'll ensure compliance with key regulations and collaborate across departments to uphold regulatory standards.

We are looking for a KYC Officer to lead strategic initiatives, ensuring compliance and high-quality due diligence for client relationships.

As the Dealer Services - AML/KYC Officer within the AML/KYC Controls team, you will partner with Bankers and AML/KYC Operations to ensure all client KYC records are compliant with regulatory standards.

You will manage the renewal cycle of KYC records, assess and execute risk management activities, and support the design and implementation of AML/Compliance programs.

This role offers the opportunity to work autonomously, make impactful decisions, and contribute to the development of best-in-class AML solutions.

Job Responsibilities


* Independently manage the renewal cycle of KYC records, ensuring timely portfolio management and quality standards in partnership with Relationship Management.


* Assess and execute risk management activities in line with firm compliance standards, identifying and escalating emerging risks related to customer business activities.


* Support the design, development, implementation, review, and reporting of AML/Compliance programs and initiatives, addressing AML risks and controls.


* Assist in developing solutions or systems to address identified issues or gaps within processes.


* Complete assigned project tasks with strong attention to quality and timeliness, facilitating recommendations and escalation to management as needed.


* Support the transition of projects to business-as-usual status and produce standard/ad hoc management reports and presentations, potentially presenting to management.


* Coordinate with Risk Officers, Compliance Officers, Legal Advisors, and other partners on LOB-specific and cross-LOB issues.


* Provide support for Exam/Audit/Compliance readiness, including documentation of processes and proof of compliance with firm policies and KYC standards.


* Maintain up-to-date knowledge of regulatory and role-specific requirements, and monitor application of AML/KYC risk management and control best practices.


* Provide ad hoc support to senior team members and personal support to new team members through shadowing and mentoring.


* Demonstrate knowledge of Commercial Lending and Commercial Banking Systems (Party Central, ICRD, CDD/COLT), and make recommendations and decisions on day-to-day issues, referring project direction/scope decisions to management.

Required qualifications, capabilities, and skills


* Bachelor's degree or equivalent experience


* Minimum of 5 years of experience in financial services industry with background in controls, audit, quality assurance, operational risk manag...