This position will work with the FX Sales Advisors and Service Associates, Relationship Managers and Clients on the required documentation for Foreign Exchange. The individual will independently perform quality control reviews prior to data entry on all Client Set Up documentation to ensure compliance with Bank, Regulatory and Legal requirements. The individual will ensure that all FX Clients are monitored against FinCEN 314(a), Do Not Bank List, ESAC, negative news, and MSB screening.
Working in conjuction with the BSA/AML Team, ESAC, the FX Team and Risk Manager, this position directs the FX Sales Associates and Advisors on the required documentation and authorizations for Client Set Up within the Foreign Exchange Business Unit. The individual will be responsible for reviewing the required documentation, independently entering all required data and storing the documentation as required by procedure. This position will perform the Quality Control Monitoring of all Foreign Exchange Client data, reconciling the information to ancillary systems and documenting changes/updates as necessary. The FX Customer SetUp Specialist will ensure that all client data related procedures for FX are kept up to date and in compliance with applicable laws, regulations and guidelines, as detailed in the Bank as well as industry wide policies and best practices. The position will also participate in the implementation of Audit and any other Business and/or Regulatory recommendations related to Client Documentation, Reporting and Authorizations.
The individual will ensure that narratives provided for client activity conform to the requirements for appropriate Red Flag monitoring scenarios.
This position will review and validate required reporting as necessary.
This position will prepare and administer client documentation training to FX Sales Advisors and Associates, as necessary
Skills, Knowledge, and Abililties:
Minimum: 4 year College Degree. Skilled in Word, Excel, Access. Knowledge of visio. Familiarity with FX and international payments platforms, Cash Management platforms a plus; excellent analytical and communications skills. Ability to work under pressure and adhere to tight deadlines. Strong writing skills. Familiarity with KYC, OFAC, Dodd-Frank and Volcker Rule recommended.