Senior KYC/EDD Specialist

Newtek One

15h

About The Position

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk. Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions. Newtek Bank, N.A. is looking to add a Senior KYC/EDD Specialist to its team. The Senior KYC/EDD Specialist is responsible for the oversight and execution of the Bank's Know Your Customer (KYC) and Enhanced Due Diligence (EDD) functions, ensuring reviews are completed timely and in accordance with established policies and procedures. This role serves as the subject matter expert for high-risk customer onboarding and ongoing due diligence, promotes consistency in risk assessments and documentation, and ensures customer risk ratings are accurate and maintained within applicable systems. The Senior KYC/EDD Specialist supports the overall effectiveness of the BSA program through strong investigative practices and ongoing process improvement.

Requirements

CAMS (Certified Anti-Money Laundering Specialist) certification required
Strong knowledge of BSA/AML regulations, including KYC and EDD requirements
Experience conducting high-risk customer reviews and due diligence investigations
Experience with customer risk rating methodologies and systems (e.g., Velocity)
Strong analytical, organizational, and decision-making skills
Ability to manage multiple priorities in a fast-paced environment

Responsibilities

Own and perform Enhanced Due Diligence (EDD) reviews, including direct responsibility for timely completion
Conduct and oversee High-Risk Customer (HRC) onboarding reviews
Track and manage annual review requirements for High-Risk Customers (HRCs), ensuring timely completion
Initiate and manage site visit requests (e.g., Truepic) for High-Risk Customers, as required
Ensure all active customers are appropriately risk rated within the Bank's risk rating system (Velocity), including ongoing maintenance and updates as needed
Review and manage EDR/PR alerts in accordance with internal requirements
Conduct and oversee subpoena reviews in accordance with internal procedures and regulatory requirements
Initiate and manage Requests for Information (RFIs) and outreach to customers for updated documentation, in accordance with established procedures
Initiate 314(b) information sharing requests, as appropriate and in accordance with regulatory requirements and internal procedures
Serve as a primary point of guidance for KYC/EDD-related questions and complex reviews
Ensure consistency in documentation, customer due diligence information, and risk rating decisions
Work the manual onboarding queue, including review and completion of customer due diligence (CDD) information as needed
Identify trends, gaps, or issues within KYC/EDD processes and provide timely feedback to management
Support ongoing enhancement of KYC/EDD procedures and controls
Provide support across BSA/AML functions and, as needed, assume responsibilities outside of primary duties to support business continuity and operational needs