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Compliance Onboarding Specialist

Rho Business Banking

Rho Business Banking

Legal
New York, NY, USA
Posted on Saturday, June 1, 2024

About Us

Rho is on a mission to make finance frictionless for business. Our team and technology power high-performing companies with an end-to-end finance platform that seamlessly enables teams to safely conduct and manage company cash and spending across commercial-grade banking, corporate cards, A/P and more.

About the Role

Rho is looking for a dedicated and detail-oriented Compliance Onboarding Specialist to join our team. This individual will be responsible for quickly and efficiently processing onboarding applications, performing all necessary and appropriate KYB/KYC/EDD reviews, and assessing new or existing client relationships.

The onboarding specialist will be expected to work autonomously and will help define, develop, and execute effective customer onboarding and engagement strategies.The individual will be expected to know when to escalate cases or matters and initiate investigations, (i.e., when there are suspicions of BSA/AML, USA PATRIOT Act, or other federal or state law violations). The individual will also assist with complex regulatory inquiries from banking partners and regulators.

Responsibilities

  • Reviewing KYB and KYC files for onboarding (including conducting quality assurance checks), and due diligence requests from various business verticals including customer service
  • Conduct routine sweeps on our customer base and ensure all customer documentation is current and up to appropriate AML/KYC regulatory standards
  • Review requests for information from banking partners, collect responsive information and documentation, and support the preparation of applicable responses
  • Serve as the primary contact to our partners for routine AML/KYC-related matters
  • Proactively identify trends in recurring compliance violations and inquiries and collaborate cross-functionally with the team to improve compliance procedures and processes
  • Identify and resolve problems concerning the overall banking regulatory framework and applicable laws

*Due to the area of coverage needed, the schedule for this position is Monday-Friday from 12pm-8pm EST*

Qualifications

  • Bachelor’s degree required
  • Minimum of 2-4 years of work experience in compliance, specifically the onboarding process
  • A strong understanding of institutional KYB/KYC is preferred
  • Strong Analytical and Organizational skills
  • Excellent verbal and written communication skills with ability to present complex and sensitive issues
  • Works well individually and in teams by sharing information and supporting colleagues
  • Ability to effectively prioritize multiple tasks, and have attention to detail
  • Capable of executing a range of complex tasks and analysis

Our people are our most valuable asset. The salary range for this role is $80,000 - $90,000. Base salary may vary depending on relevant experience, skills, geographic location, and business needs. In addition to base pay, Rho offers equity, healthcare benefits and paid time off.

Diversity is a core value at Rho. We’re passionate about building and sustaining an inclusive and equitable environment for all those involved with our mission, including employees, contractors, candidates, customers and vendors. We believe every member of the Rho community enriches our ability to provide a broad range of ways to understand and engage with the market, identify problems, and drive solutions that align with our mission. We welcome all qualified applications and support each of our Rho’ers with ongoing professional growth opportunities.