Fintech KYC Analyst

at The Bancorp Bank, N.A. in Wilmington, Delaware, United States

Job Description

Fintech KYC Analyst
Job Location

Full Time


About The Bancorp
With more than 20 years of demonstrated success, The Bancorp is a trailblazer in the financial services industry. We provide nonbank companies with the people, processes, and banking technology needed to meet the unique needs of our clients ranging from entrepreneurial start-ups to those on the Fortune 500. Our Fintech Solutions, Institutional Banking, Commercial Lending and Real Estate Bridge Lending businesses help our clients transform their businesses with banking solutions powered by cutting-edge technology and a "partner first" perspective. As a result, The Bancorp is an industry-leading provider of reliable technology-forward solutions. We foster a welcoming environment to cultivate collaboration that drives innovative solutions.

About The Department
We define Fintech Partnerships. The Bancorp does more than just enable our clients' payments innovation. We create lasting partnerships with a future-focused approach to technology and services. As a result, we don't "settle" for solutions that are possible today. Instead, we look to evolving technologies to create more advanced, scalable and nimble services.

About The Role
The KYC Analyst within The Bancorp's Fintech Solutions division will be a part of the Risk Management team where they will underwrite and perform KYC due diligence on commercial sponsored entities operating in the Merchant, ACH, and/or Third-Party space. One moment you will engage with the Bank's third parties to satisfy the Bank's KYC & AML oversight requirements associated with its payments relationships and the next you may assist the Bank in identifying imprudent risks and to maintain a safe and sound client acceptance framework for the Fintech Solutions Payment Products Division. 




What You Will Do
Reviews Third-Party Merchant Card Processing and ACH Applications for completeness and consistency with the underwriting guidelines.
Reviews a combination of daily onboarding files, monthly & annual sampling files or merchant applications, and requests supporting documentation from clients to ensure acceptability with the Bank's polices, standards and guidelines.
Tracks and follows up on missing KYC support documents or incomplete items to ensure prompt client responses.
Conducts research and provides advice on new customer due diligence and know your customer activities.
Performs basic to more complex enhanced KYC due diligence reviews on all assigned clients utilizing a risk- based approach.
Perform other duties as assigned




Skills Needed for Success
Undergraduate degree.
Combination of five years of KYC, sanctions, fraud, or investigative experience in BSA/AML with exposure to enhanced due diligence and OFAC.
Good working knowledge of federal and state AML regulations including the Bank Secrecy Act, OFAC and the USA Patriot Act.


Background & EEO Statement


Working at The Bancorp and Benefits Information: click here
Employment with The Bancorp includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.
The Bancorp is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender, identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status, or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

The Bancorp is an Equal Opportunity Employer

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Job Posting: 1049000

Posted On: Sep 29, 2022

Updated On: Oct 12, 2022