Compliance Associate

About the role

The Compliance Associate will support the BSA/AML and OFAC Program for Advantage's banking and insurance businesses. The role focuses on customer due diligence, sanctions screening, transaction monitoring, and related compliance activities to ensure the effectiveness of the compliance framework.

Key responsibilities

• Perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) and Know Your Customer (KYC) for policyholders, premium payors, beneficiaries, and banking customers.
• Screen all relevant parties against OFAC lists, apply the 50% rule and sectoral sanctions, and document match reviews.
• Monitor policy and banking activity for suspicious patterns, resolve alerts, and escalate potential suspicious transactions.
• Conduct periodic compliance reviews, testing, and wire‑transfer reviews to ensure adherence to the Travel Rule and Section 314(a) requirements.
• Maintain accurate audit trails for all compliance activities, including monitoring, testing, and sanctions screening.

Required profile

• Bachelor’s degree in Business Administration, Accounting, Finance, General Business or Criminal Justice (Juris Doctor is a strong plus).
• 2–4 years of experience in banking, insurance or regulatory compliance, preferably in BSA/AML or OFAC.
• Professional certifications such as CAMS or CFE are preferred.

Required skills

• Proficient written and spoken English.
• Strong knowledge of Microsoft Word.
• Strong knowledge of Microsoft Excel.