OFAC/AML Analyst

Victory Capital | San Antonio, TX

About Victory Capital:

Victory Capital is a diversified global asset management firm. We operate a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 12 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment products, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, and a 529 Education Savings Plan.

General Summary and Purpose:

As an OFAC/AML Analyst you will ensure first line processes and activities comply with Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) regulatory requirements of preventing, detecting, and reporting suspected money laundering and terrorist financial activities.

You will execute Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC procedures to include reviewing and analyzing customer profiles for compliance, verifying the Know Your Customer (KYC) data elements meet the required data quality, completing quality management activities, monitoring completion of performance and quality metrics results to management.

You will ensure the Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) program activities and transactions comply with regulatory requirements and procedures. You will drive solutions for enhancing the controls and quality outcomes for team members and suppliers.

You will report to the Senior Manager, Direct Investor Business.

You Will:

• Identify and manage existing and emerging risks that stem from business activities and the job role.
• Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled.
• Follow written risk and compliance policies, standards, and procedures for business activities.
• Evaluate the quality and validity of Know Your Customer (KYC) data elements and recommend appropriate risk-based business actions to be taken concerning the customers relationship during client onboarding and ongoing monitoring.
• Help implement standards, polices, and procedures to meet organizational goals and objectives focused on AML/OFAC to support the Firm and its customers.
• Proactively identify and provide recommendations for AML/OFAC related risks and issues to support regulations, policies, and standards
• Use documentary and non-documentary evidence, to verify the identity of the Customer.
• Provide recommendations to continuously improve processes, procedures, and controls for the team and the AML Program.
• Independently review member accounts to identify and prevent potential fraud, money laundering, terrorist activities, and other illegal activities.
• Escalate advanced activities and issues when applicable.
• Validate required data and evidence (screen shots, documents, etc.) meets the quality standards and are documented on the appropriate AML system of record.
• Partner with cross-functional teams to research, analyze, and resolve customer KYC profile or account maintenance issues.
• Perform advanced maintenance, research, and resolution on complex customer accounts related to AML/OFAC.
• May initiate customer contact to obtain additional information or documentation required to comply with KYC Standards.
• Assist other analysts with work prioritization and oversight to ensure goals are accomplished in compliance with AML/OFAC activities.

You Have:

• A Bachelor's degree: OR 5 years related experience (in addition to minimum years of experience required) may be substituted in lieu of degree.
• 5 years of related work experience on operations, or processing in a financial services industry.
• 2 years relevant work experience in Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) or other related work experience in a financial services company, legal, regulatory, or consulting firm.
• Advanced knowledge of Bank Secrecy Act, AML, OFAC regulations and the USA Patriot Act.
• Advanced knowledge of bank, mutual funds, and brokerage products, processes, and/or legal requirements.
• Analytical, collaborative, problem-solving skills, and the ability to make decisions in complex scenarios.

Our Benefits:

Victory Capital Management offers excellent Medical, Dental, Vision plans, Flexible PTO, Family Medical and Disability Leaves, Education Tuition Reimbursement, and a 401k plan with a generous employer match.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.