Kforce Customer Due Diligence Specialist in Riverwoods, Illinois

A Kforce client is seeking a Customer Due Diligence Specialist for a contract opportunity in Riverwoods, Illinois (IL).Essential Functions:

  • Receiving and completing requests from various business partners for CDD of prospective, new, and existing Payment Services partners including associates and member banks for network relationships

  • Conducting research using vended solutions, open source information, and multiple internal systems to complete CDD reviews

  • Analysis of the gathered documentation leveraging knowledge of the Payment Services operating model and AML/BSA and sanctions subject matter expertise

  • Understanding of prospective, new or existing partner's relationship with Payment Services including AML/BSA and sanctions risks associated with provided products and services

  • Ensuring all partners, their beneficial owners, and account controllers undergo sanctions screening, Adverse Media searches, and PEP screening and that the dispositions of false-positives are documented and possible matches are escalated appropriately

  • Assessing the risk and proposing mitigations or controls based on the body of evidence collected

  • Concluding the CDD review with clear written communication and documenting evidence in the system of record

  • Working through the day-to-day queue of KYC and CDD reviews to ensure items are completed in a timely manner, in accordance with established standards and SLAs

  • Escalating and articulating key risks to the appropriate stakeholders (e.g., Enhanced Due Diligence team)

  • Ensuring accurate and timely adherence to Payment Services KYC & CDD procedures and requirements

  • Provide subject matter expertise in tuning the partner risk ratings methodology and framework

  • Reviewing partner contracts and assessing alignment with DFS operating regulations, CDD questionnaires, and risk appetite to ensure compliance with AML/BSA and sanctions regulatory requirements

  • Bachelor's degree or equivalent

  • 3 years of relevant BSA, AML, OFAC, KYC or similar industry experience required

  • Excellent communication skills; must be able to articulate verbally and in writing clearly, effectively and concisely

Skills Desired:

  • Strong Microsoft Office, Excel, PowerPoint and Visio experience is preferred

  • CAMS or similar certification preferred

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.Compensation Type:Hours