Compliance Specialist

Billtrust™ is the inventor of payment cycle management. Billtrust’s Quantum Payment Cycle Management solution accelerates cash flow by automating invoice delivery, invoice payment, and cash application. Companies can improve operational efficiency throughout the invoice-to-cash process with electronic invoicing and payments in a flexible, cloud-based solution.

As the Compliance Specialist you will support Billtrust compliance initiatives associated with the Federal Know Your Customer (KYC), Anti Money Launder (AML), Customer Identification Program (CIP), NACHA operating rules and the Office of Foreign Compliance Act. You will be considered the SME for the aforementioned programs and have direct responsibility for performing all of the actions these programs require.

* Promote a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes * Review documentation for new clients to identify and mitigate KYC/CIP risks * Conduct client due diligence (CDD) to ensure authenticity, completeness, and accuracy of information provided by client * Perform thorough screenings for Office of Foreign Asset Control (OFAC) sanctions * Utilize investigative techniques and tools to verify the potential customer’s identity, review their background, assess the associated risks, and compile due diligence files * Perform in-depth evaluation and analysis of the potential clients and existing clients using both internal and external sources and makes informed decisions * Work with management and staff in areas affected by necessary alterations in business practices to ensure understanding and implementation of new policies and procedures * Draft and update any associated desktop procedures * Ensure compliance with the NACHA operating rules * Audit changes to client banking information

* Bachelor’s degree in Accounting or Business Administration * 2+ years of experience with customer on-boarding related to conducting KYC/CIP, and customer due diligence in a fast-paced environment * Knowledge of banking environment, operations functions, systems, policies and procedures * Strong organizational skills and the ability to prioritize multiple project requirements to meet the varying needs of the business * Strong analytical, decision-making, and problem-solving skills to properly assess due dillagance reports * Excellent interpersonal, verbal, and written communication skills to interace with all levels of the organizations as well as with clients * Demonstrates good understanding of KYC, CIP, OFAC and NACHA requirements, policies, procedures and practices for various client types * Experience working within the banking industry preferred