Financial Specialist jobs in Lowell, MA

KYC Specialist

Full-time

Chelmsford, MA or Rye, NY

About Us :

At USALLIANCE, we pride ourselves on innovation, teamwork, training and development and career planning. As part of our team, you will have the opportunity to grow both personally and professionally in an inclusive and supportive USALLIANCE in the community and form lasting relationships with our members and partners.

About This Role :

The KYC Specialist is responsible for supporting the Credit Union’s Member / Customer Identification Program (MCIP) / Know Your Customer (KYC) Program, ensuring that the Credit Union complies with all regulatory requirements related to member identification, verification, and due diligence.

The KYC Specialist will work closely with compliance, legal, and risk management teams to safeguard the Credit Union against financial crime risks and protect its reputation.

Key Responsibilities :

• Facilitate member identification and verification during the account opening process using various sources, ensuring all necessary documentation is collected and verified in accordance with KYC and AML regulations.
• Assess the risk profiles of new and existing members by reviewing factors such as account activity, geographic location, and the type of services used.
• Ensure that all member records are accurately updated and maintained in the system in line with internal policies and regulatory standards, including the collection of personal information, documentation, and ongoing updates.
• Collaborate with internal teams, such as compliance, legal, and risk management, to ensure proper escalation of high-risk cases.
• Perform continuous Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews.
• Provide assistance with 314(a), OFAC, and other BSA-related tasks as needed.
• Conduct regular data quality checks, ensuring that all required fields are correctly populated, and flagging any discrepancies or incomplete records for further review.
• Ensure that all data entries are aligned with internal KYC and AML policies and procedures, as well as regulatory requirements, to support the Credit Union’s compliance efforts.
• Assist in testing new software features, data validation tools, and upgrades to ensure smooth integration and functionality with existing processes.
• Evaluate the effectiveness of KYC data sources (e.g., identity verification platforms, watchlists, public records) in assessing member risk and supporting efficient onboarding processes.

Maintain up-to-date knowledge of relevant regulations such as the Bank Secrecy Act (BSA), USA PATRIOT Act, FinCEN guidelines, and other applicable federal and state laws to ensure compliance with KYC and AML requirements.

Proactively adapt KYC processes to meet evolving regulatory standards and mitigate risk.

• Stay updated on relevant regulations, including Anti-Money Laundering and the Bank Secrecy Act, ensuring compliance.
• Implement necessary changes to policies and procedures in response to regulatory updates.
• Contribute to the development of the Credit Union's MCIP / KYC Program.
• Assist with internal and external audits related to BSA compliance.

Who You Are :

• Minimum 2-3 years of experience in a financial services environment, preferably in KYC, AML, or compliance roles.
• Knowledge of KYC regulations, the Bank Secrecy Act (BSA), USA PATRIOT Act, and FinCEN guidelines.
• Strong analytical skills with the ability to assess risk and identify discrepancies in member data.
• Attention to detail and the ability to manage large volumes of data while ensuring accuracy.
• Excellent written and verbal communication skills, with the ability to explain complex regulations clearly to non-experts.
• Strong organizational and time management skills, with the ability to prioritize tasks effectively.
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) and KYC compliance tools.
• Act as a point of contact for staff inquiries regarding KYC processes and regulatory requirements.
• Provide KYC training to Credit Union staff on identification and verification procedures, member risk profiles, and potential signs of suspicious activity.
• Ability to work both independently and with team members across lines of business.

What We Offer :

• Competitive salary and benefits package
• Opportunities for professional development and career growth
• Hybrid Schedule (min 3 days in office to maximize collaboration)
• A collaborative and inclusive work environment
• Paid Time Off, Wellness Time & Paid Federal holidays
• 401K with 6% match
• High Performance Culture

Join Us

Become a part of a team where your ideas are valued, your growth is supported, and your work makes a difference. Apply today and take the next step in your career with USALLIANCE.

EQUAL OPPORTUNITY EMPLOYER

USALLIANCE Federal Credit Union, as an Equal Opportunity Employer, values and supports the diverse cultures, perspectives, skills, and experiences within our workforce.

This job description is for informational purposes only and should not be construed as a complete listing of the job responsibilities and requirements.

This job description may be modified at any time, for any reason, at the sole discretion of management.

In the spirit of pay transparency, we are excited to share the base salary / hourly range for this position is $00.00 - $00.

00 , exclusive of fringe benefits or potential incentives. This position is also eligible for an annual corporate bonus. If you are hired at USALLIANCE Federal Credit Union, your final base salary compensation will be determined based on factors such as skills, education, and / or experience.

In addition to those factors, we believe in the importance of pay equity and consider the internal equity of our current team members as a part is any final offer.

Please keep in mind that the range mentioned above is the full base salary for the role. Hiring at the maximum of the range would not be typical to allow for future and continued salary growth.

We also offer a generous compensation and benefits package.

All positions must adhere to standard BSA / AML policies, procedures, and processes. Employees must demonstrate awareness of business functions and how business decisions affect financial and / or non-financial work results.

Last updated : 2024-11-26