Crypto Enhanced Due Diligence Associate

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our Phoenix, Chicago, Dallas or Raleigh office.

SVB’s First Line of Defense Enhanced Due Diligence Know Your Customer (“EDD KYC”) team is responsible for conducting enhanced due diligence on higher risk client segments that may pose a higher risk for money laundering, terrorist financing, sanctions, or reputation risk in support of all legal and regulatory requirements as a large financial institution.

As a Cryptocurrency Enhanced Due Diligence Associate, you will be a part of SVB’s First Line of Defense EDD KYC Team tasked with leading enhanced due diligence reviews of prospective and existing clients, ensuring that crypto‑related clients within FCB are compliant with FCB’s Risk Appetite, and any/all applicable regulations and guidelines. You will be the identified expert on Cryptocurrency BSA/AML compliance for the FCB Commercial Bank by the relationship team and clients.

You will engage with peers and risk professionals, all levels of management, and other internal or external constituents to deliver comprehensive views on EDD matters and represent the reasoning of EDD disposition on behalf of the organization.

It will be critical for you to stay current with cryptocurrency developments, policy changes, seek ways to enhance current processes and controls, and communicate with your peers and partners.

This role is required to both execute and educate on the Cryptocurrency ecosystem; additionally, the role will build, develop, and improve processes, as well as coach those around you.

• Enhanced Due Diligence Reviews
  :
  Perform thorough EDD reviews on new and existing clients engaged in the broader Crypto ecosystem, ensuring compliance with regulatory requirements and internal policies. Conduct in-depth analysis of client profiles, business activities and ownership structures to assess money laundering, terrorist financing and other financial crime risks. Review and verify client documentation including identification documents, business licenses, financial statements, and transaction records to ensure accuracy and completeness of KYC information.
  
  Assist clients and prospects in establishing the proper control environment to ensure compliance with the Bank’s requirements.
• Regulatory Compliance
  :
  Serve as subject matter expert and ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions and AML regulations surrounding the Crypto ecosystem. Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards.
• Subject Matter Expert
  :
  Serve as a SME on high‑risk, complex, and crypto reviews as the primary point of contact for Commercial Bank Relationship and aid in identification of prospects and existing clients that may have increased AML risk due to business model; assist clients/prospects to ensure compliance with FCB’s high‑risk requirements; champion efforts identifying and managing existing and emerging risks identified through reviews, and ensuring these risks are effectively assessed, communicated and controlled.
  
  Partner with Compliance, Internal Audit and other departments to respond to examinations and audit requests, manage execution and implementation of action plans, and ensure all processes and changes implemented fully comply with applicable regulations and legislation, standards, policies, and guidelines.
• Risk Analysis
  :
  Lead and champion efforts on identifying and managing existing and emerging risks identified through reviews, and ensuring these risks are effectively assessed, communicated and controlled. Conduct assessments and profiling of clients based on their risk factors including business type, transaction volume and geographical location. Analyze client transactions and account activity to identify red flags indicative of potential financial crimes or higher risk activities.
  
  Identify and communicate opportunities to automate/streamline quality and compliance efforts.
• Repor…