Senior KYC Analyst

About the role

Novo is revolutionizing the banking experience for small businesses by providing a modern platform that simplifies financial management. We are on the lookout for a meticulous Senior KYC Analyst to join our Customer Operations team. This role is crucial in ensuring the integrity of our platform while enhancing the onboarding process for our clients. You will play a key part in maintaining compliance and safeguarding our operations against potential risks.

Key facts

What you'll do

• Continuously monitor customer accounts to identify and address any fraudulent activities or suspicious transactions.
• Implement Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to facilitate the onboarding of new deposits and manage existing accounts effectively.
• Conduct thorough Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) during the initial onboarding phase and during regular account assessments.
• Oversee application queues to ensure adherence to company policies and meet internal service level agreements.
• Investigate alerts generated by screening tools, including but not limited to WorldCheck and OFAC lists, to ensure compliance with regulatory standards.
• Evaluate risks associated with Politically Exposed Persons (PEPs), adverse media mentions, and jurisdictions deemed high-risk.
• Collaborate with the Legal team to escalate any high-risk findings for further review and determination.
• Cross-verify data across various systems to pinpoint potential risks and ensure comprehensive risk assessment.
• Maintain accurate documentation of all findings and actions taken during the KYC process.
• Assist in the development and refinement of internal processes to enhance efficiency and compliance.
• Provide insights and recommendations based on data analysis to improve the overall customer experience.
• Stay updated with the latest regulatory changes and industry best practices to ensure ongoing compliance.

Requirements

• A Bachelor's degree in business, finance, economics, or a related technical field is essential.
• A minimum of 1 to 3 years of experience in KYC or compliance roles within the banking or financial services industry is required.
• Familiarity with the U.S. markets or experience in the fintech sector is highly desirable.
• Strong understanding of AML compliance, due diligence processes, and strategies for preventing financial crime.
• Proficient in utilizing data mining techniques, screening tools, and advanced search methodologies.
• Demonstrated ability to manage analytics projects independently from inception to completion.
• Capable of thriving in a dynamic environment characterized by limited data and shifting priorities.
• Excellent written and verbal communication skills are a must for effective collaboration and reporting.

Nice to have

• Previous experience in developing standard operating procedures and training team members is a plus.
• A proven history of enhancing internal processes for improved efficiency and compliance outcomes.
• Familiarity with regulatory frameworks and compliance standards in the financial sector.

Skills & tools

• Expertise in KYC and AML compliance frameworks.
• Proficient in using WorldCheck and OFAC screening systems.
• Strong skills in data mining and investigative research techniques.
• Knowledge of financial crime risk assessment methodologies.

Practical notes

• This position offers a hybrid working model, allowing for a combination of remote and in-office work.
• Novo is committed to fostering an inclusive workplace and is proud to be an equal opportunity employer. We do not discriminate based on race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, or genetic information.

Join us at Novo and be part of a team that is dedicated to transforming the banking landscape for small businesses. Your expertise in KYC and compliance will be invaluable in ensuring our operations remain secure and efficient. If you are passionate about making a difference in the financial services industry, we encourage you to apply for this exciting opportunity.

About the company

We started Novo to challenge the status quo - we're on a mission to increase the GDP of the modern entrepreneur by creating the go-to FinTech platform for small businesses (SMBs). Novo is flipping the script of the FinTech world, and we're excited to lead the small business FinTech revolution. We are looking for people of character.