Job Title: KYC SPECIALIST
At Premier America Credit Union, our Core Purpose is to serve our members by making it easier to meet today's needs and reach tomorrow's dreams. Talented team members succeed in our organization by demonstrating a commitment to our shared values of accountability, friendliness and respect, a passion for delivering great service, giving back to our communities, and pursuing personal growth. Come grow with us and be part of growth and the Premier America family.
Overview:
Reporting to the BSA Officer, this role will be responsible for assisting in maintaining the Know Your Member (KYC, KYM) program for the credit union. The KYC Specialist will perform initial and ongoing risk analysis on moderate to high-risk individuals and entities to ensure compliance with regulatory requirements. The ideal candidate will possess strong analytical skills, attention to detail, and a solid understanding of financial regulations and compliance standards.
What You Will Do:
- Team member models behaviors that align with Premier America's Core Values
- Maintain an active case load of members under the EDD review cycle.
- Analyze financial transactions to detect suspicious patterns.
- Escalate red flag, prohibited member types, and suspicious members for BSA investigation or limitation of services.
- Analyze opening deposit sources and member activity reports to determine suspicious red flags and/or validate personal and business account purposes.
- Conduct AD HOC reviews requested by the BSA Officer or the Business.
- Perform due diligence on new member questionnaires and business documents at 90- day new membership mark.
- Conduct requests for information from front line team members.
- Maintaining accurate records of KYC procedures and findings.
- Generating reports detailing KYC findings and risk assessments.
- Maintaining accurate records, preparing detailed reports, and providing recommendations for process improvements to enhance compliance effectiveness.
- Capable of managing multiple tasks simultaneously, prioritizing workload effectively, and meeting tight deadlines.
- Be able to identify gaps and suggest process improvements.
- Participate in the development and maintenance of the program and procedures
- Be able to support the Sr. Specialist in tasks as requested by the BSA Officer.
What We Are Looking For:
- Minimum 3 years of experience in KYC, AML, or compliance-related roles.
- Bachelor's degree in computer science or related field preferred.
- A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically, this includes subject matter experts as well as first level to middle level managers.
- Strong understanding of financial regulations and compliance standards.
- Excellent analytical and problem-solving skills with attention to detail.
- Proficiency in using compliance software and financial databases.
- Strong communication skills, both written and verbal.
- Ability to manage multiple tasks and meet tight deadlines
Premier America Credit Union will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring (Ban the Box) Ordinance.
Equal Opportunity Employer - Veterans / Disabled
Drug-free Workplace
Pay Grade Info:
To provide greater transparency to candidates, we share base pay ranges for all our job postings regardless of State. We set standard pay ranges for all roles based on function and level of expertise, benchmarked against similar stage growth companies. Final offer amounts are determined by multiple factors including, skills, depth of work experience and relevant licenses/credentials, and may vary from the amounts listed below.
The base pay range for this position is: $73K-90K annually.
Perks Important to You:
Our Team Members enjoy the following rewards and benefits:
- Competitive pay
- Subsidized health care including medical, dental and vision
- FSA and HSA
- Company-Paid Life and A&D insurance
- Discounts on loans (must be a member)
- Paid Vacation, Holiday, and Sick time
- 401k Retirement Saving Plan with a 6% safe harbor employer match
- Educational Assistance Program and more.
About Us:
Founded in 1957, Premier America is one of the nation's largest credit unions, with over 100,000 members and more than $3 billion in assets. But more importantly, we are ever mindful of one crucial fact: we exist to serve the needs of all members - the owners of Premier America. With a large retail branch network, access to over 30,000+ surcharge-free ATMs; and the Shared Branch Network, Premier America provides financial services to those who live, work, worship or attend school in the Ventura and Los Angeles counties of California, and Harris County in Texas.
Credit unions, such as Premier America, have a rich history evolving from the idea that people working together can create better financial solutions, especially when as owners, members have a vested interest in their collective success. Whether offering higher savings rates and affordable mortgage options, loans for unexpected emergencies or financial counseling during difficult times, credit unions have always made a meaningful difference in the lives of members.