BBVA Compass

  • Onboarding & Transaction Control Analyst

    Job ID
    2018-117077
    Category
    Open
    FLSA Status
    EXEMPT
    Type
    FULL TIME
  • Overview

    BBVA is a global financial organization with more than 135,000 employees and 67 million customers across 35 countries. BBVA is on a mission to build the world’s #1 Digital Bank. Key to that objective is the success of its unique, disruptive fintech business unit known as New Digital Businesses. The unit is helping reinvent the bank by competing with banking industry incumbents, including BBVA. It does this by investing in, partnering with, acquiring and building independent cutting-edge fintech companies.
     
    Summary
    As new digital business ventures grow and expand their customer base, having the appropriate review and control processes in place for onboarding of customers and monitoring of activities is critical. The New Digital Business unit within in the US, is launching the NDB Onboarding and Transaction Control unit to provide this control role along with supporting ongoing quality assurance activities and other similar reviews.
     
    This role will be responsible for performing the on-boarding due diligence and enhanced due diligence process for International customers or domestic consumers requiring some type of verification prior to onboarding according to BBVA USA AML guidelines and related policies and procedures for assuring compliance with regulatory requirements at federal, state and local level.

    Responsibilities

    Essential Functions

    • Knowledgeable in BSA/AML compliance applicable for the on-boarding process for international consumers/non-consumers, domestic non-consumers,  or domestic consumers requiring some type of verification prior to onboarding..
    • Performs the customer due diligence and enhanced due diligence procedures according to BBVA policies and procedures.
    • Assist in the account opening and maintenance processes for international consumers/non-consumers, domestic non-consumers, customers or domestic consumers requiring some type of verification prior to onboarding according to the BBVA policies and procedures.
    • Serves as an advisor to the different NDB entities  on all account opening matters for consumers/non-consumers, domestic non-consumers, customers or domestic consumers requiring some type of verification prior to onboarding.
    • Provide training as necessary to account officers and/or bank staff explaining the account opening process
    • Create, update and provide reports and metrics to management as required.
    • Collaborate with the different NDB entities and back office staff on all account opening matters for consumers/non-consumers, domestic non-consumers, customers or domestic consumers requiring some type of verification prior to onboarding...
    • Performs additional tasks and projects as assigned by his/her direct supervisor and BBVA management.
    • Recommend updates to the policies and procedures based on experiences gained in the on-boarding process.

     

    Qualifications

    Knowledge, Skills and Problem Solving:

     

    Knowledge of:

      • Knowledge of BSA/AML applicable laws and regulations affecting the account opening process for consumer and non-consumer.
      • Strong knowledge about documents required to open accounts for international customers consumers/non-consumers, domestic non-consumers, and certain consumer onboardings where a document needs to be verified.
      • Strong knowledge of reporting systems involved in the account opening process
      • Excellent verbal and written general communication
      • Strong problem solving, analytical and PC skills.

    Education:

    • Bachelor’s Degree in applicable major field of study required or equivalent relevant experience.

    Experience:

    • Minimum of 3 years of related experience desired.
    • At least 1 year of experience within an account control function.

    Types of problem solving and decision-making:

    • Takes appropriate action to ensure compliance with established BSA Compliance account opening policies and procedures for international customers.
    • Resolves general and difficult problems related to BSA Compliance account opening policies and procedures for international customers, elevating critical or unusual problems to his/her supervisor or appropriate management personnel.

     

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