KYC Compliance Analyst I

Purpose of Job

We are currently seeking a talented KYC Compliance Analyst I for our San Antonio, TX, Phoenix, AZ, Tampa, FL campus or 100% Remote Work Environment.

Assists USAA Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) Enterprise services in meeting USAA's regulatory requirements of preventing, detecting, and reporting suspected money laundering and terrorist financing activities. Responsible for AML Compliance implementation of KYC Standards. Supports USAA’s KYC Program, with targeted work on Negative News and PEP screening functions, by conducting detailed research and analysis of internal and external databases, open media resources and public articles, as well as producing a clear written analysis of customers who generate Negative News and PEP screening alerts.

Job Requirements

About USAA

USAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.

In each of the past five years, we've been a top-40 Fortune 100 Best Companies to Work For®, and we've ranked among Victory Media's Top 10 Military Friendly® Employers 13 years straight. We embrace a robust veteran workforce and encourage veterans and veteran spouses to apply.

USAA Careers - Award Winning Workplace (17 seconds)

USAA Careers – World Class Benefits (31 seconds)

• Assists with the implementation of unit objectives and policies and procedures to meet organizational goals and objectives focused on AML/KYC in support of USAA and its membership.
• Produce a risk-based written analysis of customers who require periodic review and escalate to the appropriate Company or Staff Agency’s CoSA’s for file remediation, as needed. (CDD, EDD, SDD)
• Participate in the development, implementation, and maintenance of Enterprise AML Compliance technology tools used in the KYC process. 
• Works within aggressive timelines to ensure goals are accomplished for KYC Customer Profile reviews. 
• Identify, review and monitor higher risk customers to minimize risk for the Enterprise (CDD, EDD, SDD).
• Collaborates across internal and Enterprise teams to identify opportunities and solutions regarding AML/KYC Compliance.
• May conduct research, analyze and evaluate additional verification via non-documentary methods and notifies Company or Staff Agency CoSA to take reasonable measures to restrict the Customer’s ability to use, liquidate and/or close the Account/Covered Product. (CIP)
• Manage Negative News and PEP screening functions, as appropriate. (CDD, EDD, SDD)
  Conduct periodic reviews of customers as needed to ensure accuracy of profile. (CDD, EDD, SDD)
• Utilize documentary and non-documentary requirements, as appropriate, to be applied to verify the identity of the Customer. (CIP)
• Participates in AML/KYC key initiatives, workstreams, working groups and projects.
• Provide change management opportunities as needed for procedures and escalations.
• Assist in other activities and duties as required to develop, enhance, implement, monitor, and control aspects of BSA compliance for the Enterprise.

Minimum Requirements

• Bachelor's degree or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree (8 years of experience total in lieu of the degree).
• 4 or more years relevant work experience in Anti-Money Laundering/Know Your Customer or other relevant work experience in a financial services company, legal, regulatory, or consulting firm.
• Knowledge of Bank Secrecy Act, AML regulations, and the USA PATRIOT Act.
• Analytical and problem-solving skills.
• Demonstrated communication and presentation skills. 
• Experience managing multiple task/priorities successfully. 
• Proficiency in Microsoft Office products.

Preferred Requirements

• Strong independent research skills utilizing databases (e.g. Lexis Nexis World Compliance) and open media sources.
• Strong analysis and writing skills to convey the rationale behind dispositioning of screening alerts and high- risk alerts.

The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.

At USAA our employees enjoy one of the best benefits package in the business, including a flexible business casual or casual dress environment, comprehensive medical, dental and vision plans, along with wellness and wealth building programs.  Additionally, our career path planning and continuing education will assist you with your professional goals.

Relocation assistance is notavailable for this position.

For Internal Candidates:

Must complete 12 months in current position (from date of hire or date of placement) or must have manager’s approval prior to posting.

Last day for internal candidates to apply to the opening is 1/4/21 by 11:59 pm CST time.