Financial Crimes Business Analyst at Genesis10
Charlotte, CA 94163
About the Job
Genesis10 is seeking a Financial Crimes Business Analyst for a six-month contract position. This position will work onsite in Charlotte, NC
Compensation: $61.72 per hour, W2
Description:
Customer Due Diligence (CDD) is a critical component of Anti-Money Laundering (AML) and Know Your Customer (KYC) policies. Its main purpose is to comply with regulations by identifying and verifying the identity of customers, thereby reducing the risk of money laundering and ensuring transparent and honest business relationships with all potential customers. CDD acts as a powerful defense mechanism to protect an institution’s reputation from those who might attempt to compromise its integrity.
This role will support the Cornerstone Customer Due Diligence Application and will be responsible for the following.
Responsibilities:
About Genesis10:
Ranked a Top Staffing Firm in the U.S. by Staffing Industry Analysts for six consecutive years, Genesis10 puts thousands of consultants and employees to work across the United States every year in contract, contract-for-hire, and permanent placement roles. With more than 300 active clients, Genesis10 provides access to many Fortune 100 firms and a variety of mid-market organizations across the full spectrum of industry verticals.
For multiple years running, Genesis10 has been recognized as a Top Staffing Firm in the U.S., as the Best Company for Work-Life Balance, and as the Best Company for Career Growth, Diversity, and for Leadership, amongst others. To learn more and to view all our available career opportunities, please visit us at our website.
Genesis10 is an Equal Opportunity Employer. Candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Genesis10-74123698
Compensation: $61.72 per hour, W2
Description:
Customer Due Diligence (CDD) is a critical component of Anti-Money Laundering (AML) and Know Your Customer (KYC) policies. Its main purpose is to comply with regulations by identifying and verifying the identity of customers, thereby reducing the risk of money laundering and ensuring transparent and honest business relationships with all potential customers. CDD acts as a powerful defense mechanism to protect an institution’s reputation from those who might attempt to compromise its integrity.
This role will support the Cornerstone Customer Due Diligence Application and will be responsible for the following.
Responsibilities:
- Customer identification: Confirm the customer’s identity correctly using reliable, independent source documents, data, or information.
- Customer verification: Review pertinent identification documents such as passports, licenses, or government-issued identification cards. In companies, you may need to verify articles of incorporation, business licenses, and other associated documents.
- Know Your Customer (KYC): Understand the nature and purpose of the customer relationship. Gather information about the customer’s business or occupation to understand their intended transactions or activities.
- Risk assessment: Conduct a thorough risk assessment based on customer information, the products/services they require, and their geographic location. This risk profile will help determine what level of due diligence is required—simplified, basic, or enhanced.
- Enhanced due diligence: For customers assessed as high risk, conduct enhanced due diligence (EDD). This could involve deeper investigation into business operations, sources of wealth and funds, scrutinizing past transactions, checking against sanctions lists, or the background of the beneficial owners.
- Ongoing monitoring: Regularly review and update customer information. Track customer transactions, particularly those that deviate from normal activities. This step is crucial to identify any changes in risk level.
- Record keeping: Keep clear records of all customer interactions, documents, identification checks, and risk assessments.
- Reporting: If there are suspicions of money laundering or terrorist financing, report them to the relevant authorities. Maintain a strict internal reporting procedure.
- 5+ years of Information Technology and Business Analysis in support of Business Services experience
- Experience with AML, KYC, and financial crimes.
About Genesis10:
Ranked a Top Staffing Firm in the U.S. by Staffing Industry Analysts for six consecutive years, Genesis10 puts thousands of consultants and employees to work across the United States every year in contract, contract-for-hire, and permanent placement roles. With more than 300 active clients, Genesis10 provides access to many Fortune 100 firms and a variety of mid-market organizations across the full spectrum of industry verticals.
For multiple years running, Genesis10 has been recognized as a Top Staffing Firm in the U.S., as the Best Company for Work-Life Balance, and as the Best Company for Career Growth, Diversity, and for Leadership, amongst others. To learn more and to view all our available career opportunities, please visit us at our website.
Genesis10 is an Equal Opportunity Employer. Candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Genesis10-74123698
Salary
up to 62 /hour
