USA – Business Line Anti-Financial Crime (BLAFC) Job in Avestacs

Job Title: Business Line Anti-Financial Crime (BLAFC)

Location: Jacksonville, FL

Type: Fulltime

Overview:

As a Business Line Anti-Financial Crime (BLAFC) officer you will serve as the first point of contact for all anti-financial crime (AFC) related matters and support know your client (KYC) components of the AFC program.

You will assume a key role within the team responsible for performing risk reviews of the KYC population (CB/IB/WM) in accordance with AFC global/regional objectives and you will deliver against agreed quality and productivity expectations.

Your Key Responsibilities:

• Perform reviews and provide decisions through the enhanced due diligence (EDD) processes for US region high-risk & elevated-risk client relationships, at various client lifecycle stages (new client adoption/periodic review/event driven review), in an effective and efficient timeframe
• Conduct client risk assessments on escalated client files; risk assessments include reviewing and challenging country, industry, entity, channel, and product risks, including special risk factors such as politically exposed persons (PEPs), adverse media/negative news, complex ownership structures, links to special risk factors, & any other reputational concerns
• Review and assess appropriateness of temporary & permanent waiver requests relating to alternative verification measures
• Perform completeness and accuracy validations of client screenings and address potential matches; document the assessment/disposition of screening results according to procedures and guidance
• Research/analyze and provide recommended remediation efforts for clients that present AFC risk
• Advise business & KYC colleagues on enquiries and issues arising from client on-boarding process

Your Skills and Experience:

• Bachelor’s Degree or equivalent work experience/qualifications; CAMS certification (preferred, but not required)
• Relevant experience in the financial services industry within AML/CFT/BSA compliance, risk management, business controls, KYC, legal, & regulatory functions
• Superior risk management skills and knowledge of relevant local/global AML laws/regulatory requirements
• Knowledge of USA PATRIOT Act, 5th EU Money Laundering Directive, FATF standards, Wolfsberg Group & other regulatory measures (preferred) along with a basic understanding of investment banking, corporate banking, and private client businesses