KYC/AML Analyst - Chicago, IL

[Rohit pal]

Hi Vendors,

My Client is looking for a consultant for KYC/AML Analyst position for a Long Term Contract position in Chicago, IL

Position - KYC/AML Analyst
Location - Chicago, IL
Type – Contract

 

 

Key Responsibilities

AML/KYC Advisory – Asset Servicing & Custody

• Provide AML/KYC advisory services for custody and asset servicing businesses.
• Support fund administration operations across hedge funds, private equity funds, and mutual funds.
• Interpret and implement regulatory requirements, including:
• Bank Secrecy Act (BSA)/AML regulations
• USA PATRIOT Act
• OFAC sanctions programs
• SEC and FINRA compliance requirements
• Develop and enhance AML frameworks aligned with organizational risk and compliance standards.

Institutional Client Onboarding & Lifecycle Management

• Lead KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) activities for:
• Institutional investors
• Fund managers
• Asset managers
• Pension funds
• Conduct due diligence on complex ownership structures, including:
• Multi-layered fund structures
• Trusts
• Special Purpose Vehicles (SPVs)
• Nominee arrangements
• Ensure compliance with:
• Ultimate Beneficial Ownership (UBO) identification and verification
• Politically Exposed Person (PEP) screening
• Sanctions screening
• Adverse media reviews
• Support periodic KYC reviews, remediation efforts, and regulatory-driven refresh programs.
• Drive data quality improvements across client onboarding and compliance platforms.
• Implement industry best practices used by leading global asset servicing institutions.

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Required Skills & Qualifications

• 10+ years of AML/KYC experience within capital markets and financial services.
• Strong expertise in asset servicing, custody operations, and fund administration.
• Deep understanding of hedge funds, private equity funds, and mutual fund structures.
• Hands-on experience with institutional client onboarding and lifecycle management.
• Advanced knowledge of BSA/AML, USA PATRIOT Act, OFAC, SEC, and FINRA regulations.
• Experience reviewing complex ownership and legal entity structures.
• Strong understanding of UBO, CDD, EDD, PEP, sanctions, and adverse media processes.
• Proven experience with KYC remediation and regulatory review programs.
• Excellent stakeholder management, communication, and analytical skills.