Customer Due Diligence (CDD) Analyst

About our Company:

LemFi (YC S21, Series B) is revolutionizing cross-border financial services for immigrants through its multi-currency platform, processing over $1 billion in monthly transactions. We provide instant remittances, foreign exchange services, and multi-currency accounts, all in one seamless experience.

With 300+ employees across 15+ countries, our platform supports twelve currencies and integrates directly with local banks and mobile money providers, ensuring fast, low-cost transactions. But we’re not stopping at payments. LemFi is building a comprehensive financial ecosystem empowering immigrants with the financial tools they need to thrive—wherever they go.

Our vision: To build the first full-stack financial services hub for the world’s immigrant population.

Who you are:

You are a candidate who would thrive in a fintech startup environment like ours, where we readily accept individuals with a humble, yet uplifting attitude alongside a diligent sense of work ethic. The teams here at LemFi are passionate about their work and expertise, but also lend hands on cross-functional responsibilities to ensure the success of the company and the satisfaction of our clientele.

Job Summary:

The role of AML Analyst, reporting to the Customer Due Diligence (CDD) or Financial Crime Manager, is a fully remote entry-level position within LemFi’s global Compliance team. In this role, you should have general knowledge of standard global AML/CFT compliance program requirements and best practices. The ideal candidate should have a background of 1 year in AML compliance operations involving know-your-customer (KYC) verification, simplified or enhanced due diligence (EDD), transaction monitoring, or adverse media and sanctions screenings.

Important note: this role will require occasional rotating weekend shifts.

Responsibilities are as follows:

• Review and verify identification and other KYC documentation of individual and business customers at account onboarding;
• Review and decision transaction monitoring alerts
• Review and decision sanction screening alerts
• Review and clear alerts triggered during the KYC verification process, including screenings for politically exposed persons (PEPs), negative news/adverse media, sanctions, and other suspicious activity or red flags;
• Perform first review of potential higher risk customers or customers/activity displaying or indicating red flags, and escalate accounts as necessary to the relevant compliance teams;
• Actively develop and maintain knowledge of AML and criminal trends, methods and typologies, and subsequently applying these to the assessment of customer identification, verification, and behavioral data to identify unusual activity;
• Develop and maintain standard operating procedures and other documentation as needed for CDD-related responsibilities;
• Engage in cross-functional responsibilities and assist the Chief Compliance Officer or Team Lead where needed.

Requirements:

• Four-year degree or equivalent experience;
• 1 year of experience in a compliance role at a fintech or financial institution;
• Familiarity and experience with daily operational compliance responsibilities such as KYC review, ID verification, EDD and various AML/fraud/sanctions alerts clearing and decisioning;
• The ability to act independently in analyzing a customer’s risk;
• Proficient in Microsoft Office Suite or Google Sheets;
• Excellent analytical, investigative, verbal and written communication skills, particularly in English;
• Exceptional organizational skills and fine attention to detail;
• Ability to balance competing priorities on a daily basis, take ownership of work product in the absence of continuous guidance, and consistently deliver results;
• Adaptability to global operational need and ability to work in a rapidly changing business and regulatory environment.

Originally posted on Himalayas