Anti Money Laundering Specialist

As an Enhanced Due Diligence Analyst, you will support SVB’s First Line of Defense BSA/AML Team, specializing in identifying, investigating, and monitoring high-risk relationships within the bank's commercial portfolio. The role requires a deep understanding of AML regulations, due diligence practices, and financial crime prevention. You will serve as the subject matter expert for AML compliance, ensuring that business activities are aligned with SVB’s risk appetite and regulatory requirements.

Key Responsibilities:

• Enhanced Due Diligence (EDD):

  • Lead prelaunch or emerging business model assessments to ensure alignment with internal EDD and approval requirements.
  • Provide training, advice, and guidance to the Commercial Bank teams on AML-related issues, business models, and high-risk clients.

• Client Risk Assessments:

  • Serve as the primary point of contact for relationship teams to assess and manage high-risk clients, ensuring compliance with AML regulations.
  • Identify prospects and existing clients with increased AML risk and work directly with them to ensure adherence to the bank’s requirements.

• Collaboration & Reporting:

  • Engage with internal and external teams, including financial crime risk professionals, to deliver investigative views and represent case dispositions.
  • Ensure effective communication of emerging risks and provide recommendations to mitigate those risks.

• Process Improvement:

  • Identify opportunities to automate and streamline quality and compliance efforts, enhancing internal processes.

Qualifications:

Required:

• Education:
  • Bachelor's Degree in Finance, Legal, Criminal Justice, or a related field, OR a High School Diploma/GED with 5+ years of relevant experience in Fintech, banking, KYC compliance, risk management, or audit.
• Experience:
  • A minimum of 1 year of experience in Fintech, banking, KYC compliance, or a related field for candidates with a Bachelor's Degree.
  • For candidates with a High School Diploma, at least 5 years of relevant experience is required.

Preferred:

• Preferred Experience:
  • Previous experience in KYC compliance at a large financial institution.
• Certifications:
  • Association of Certified Anti-Money Laundering Specialists (ACAMS) certification is preferred.