KYC EDD QC Analyst II

Job Type Full-time Description

ABOUT US

Coastal Community Bank is a leader in Banking with strong financial infrastructure leading Banking as a Service (BaaS) and Fintech strategies. The people at Coastal not only help people with their personal banking; they help businesses with banking technology integration that leads to business growth, flexible financing, and unimagined potential. We think and work like entrepreneurs, always moving and constantly improving. We are go-getters, work hard, and play hard. If you're someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we're all in this together -- you belong here.

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WHAT YOU'LL DO

The Analyst II- KYC EDD QC plays an integral role in the Compliance Department of CCB. This position is responsible for conducting detailed quality control reviews of the bank's Know Your Customer (KYC) Enhanced Due Diligence (EDD) processes to ensure compliance with regulatory requirements and internal policies. The Analyst II will focus on reviewing moderately complex customer profiles and performing in-depth analysis to identify potential risks associated with high-risk clients. This role requires a strong understanding of AML (Anti-Money Laundering) and CDD (Customer Due Diligence) practices, as well as the ability to deliver actionable recommendations to enhance the bank's overall KYC EDD framework. 

Requirements

HOW YOU'LL DO IT

· Perform thorough quality control reviews of KYC EDD processes and customer profiles.

· Analyze customer information and documentation to verify accuracy and completeness.

· Review and assess the risk rating and risk profile of high-risk customer accounts.

· Ensure adherence to regulatory requirements, AML laws, and the bank's KYC policies.

· Collaborate with the KYC EDD team and other stakeholders to address discrepancies and enhance processes.

· Conduct sample testing of KYC EDD files to assess the effectiveness of control measures.

· Stay updated on changes in regulatory guidelines and industry best practices related to KYC EDD.

· Assist in risk assessments and contribute to the development of key performance indicators (KPIs) for the QC program.

· Prepare clear and concise reports documenting findings and suggested improvements.

· Support the training and onboarding of junior analysts to strengthen their understanding of KYC EDD requirements.

WHAT YOU'LL BRING 

· Familiarity with AML regulations, including the USA PATRIOT Act, FATF Recommendations, and OFAC guidelines.

· Proficiency in conducting customer risk assessments and enhanced due diligence investigations.

· Ability to analyze complex customer data and identify potential red flags.

· Strong attention to detail and analytical skills.

· Familiarity with compliance-related software and tools.

· Excellent written and verbal communication skills.

· Ability to work independently and efficiently in a fast-paced environment.

· Understanding of high-risk customer typologies and associated risks.

EDUCATION/EXPERIENCE

· Minimum of 2-4 years of experience in KYC/AML compliance, with a focus on EDD reviews.

· Bachelor's degree in Finance, Accounting, Business, or a related field and/or equivalent education and/or experience.

HOW YOU’LL THRIVE AT COASTAL

· Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.

· Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference.

· Be Un-Bankey – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.

· Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving. Think outside the box.

· Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder.

· Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.

BEING YOU AT COASTAL

Coastal Community Bank is an equal opportunity employer. We are