KYC Analyst

KYC Analyst

Location: Hybrid in NYC (3 day in-office requirement)

Qualifications:

• Bachelor’s degree or relevant work experience
• A comprehensive understanding of US Regulations KYC Regulations;
• 1-3 years experience as a KYC or relevant compliance analyst role in a FinTech or other closely regulated industry
• Ability to manage and prioritize simultaneous projects, related to different stakeholders, internal and external to company
• Excellent interpersonal, verbal, and communication skills, strong professional presence to support regular interactions with senior management
• Strong research and analytical skills
• Ability to anticipate and proactively initiate future projects 
• Ability to work on site, at least 3 days per week

A day in the life and how you’ll make an impact:

• The KYC Analyst will lead initiatives, in collaboration with the US Director of Compliance Operations and Tel Aviv Compliance Manager, to handle the daily tasks to support our regulatory KYC requirements
• Perform basic and enhanced due diligence KYC screening on new and existing Melio Users 
• Analyze client data and review/documentation of negative news in order to determine a client’s risk profile as established under relevant external and internal  KYC requirements 
• Document and maintain all due diligence evidence
• Escalate issues to management as appropriate
• Track all and document all internal and external intel received on a client, i.e. where temporary exceptions have been granted, transaction monitoring Request for Information (RFI) as well as all internal communication 
• Escalate any accounts where expected activity does not meet actual activity through the account(s)
• Q&A and monitor relevant system rules and features
• Ad Hoc Projects

About the team:

As a KYC Analyst you’d be joining the team working behind the scenes to protect Melio from bad actors; managing the risks that might have adverse impacts on our product, financials and our ability to meet client needs. This includes the onboarding, periodic reviews and enhanced due diligence of existing and potential Melio users. You’ll also be evaluating the verticals we work with to understand their unique profiles and exposures.  

You are fascinated by the world of payments. You are able to think of the big picture during KYC reviews and other day-to-day tasks. You know the limitations of both manual review and automatic decision logic and understand the challenges at the intersection of automation and manual insights. You have a broad knowledge of compliance regulations in the payments industry and understand the implementation of those on a business level. On game night, you're the one with your head in the rulebook. You’re here to problem-solve rather than criticize existing conditions, and you’re always looking for better ways to do things. Most importantly, you’re a top-notch team player, proactive, positive and fun to be around. If you’re still nodding your head in agreement and this seems like a good fit, don’t hesitate to reach out—we’re looking for you!

Melio’s innovative platform has created new and exciting ways to engage US small businesses in the payments ecosystem; and as with any financial innovation, this has also introduced threats and vulnerabilities. The Risk & Compliance Team works to protect Melio’s platform and users from fraudulent, abusive and prohibited activity. We work cross-functionally, alongside multiple business lines within the company, to ensure our products and movement of money remain compliant with local regulations, as well as keeping our users safe. Our Team plays a critical role in maintaining Melio’s reputation, financial stability, and operational continuity.

About Melio USA: 

• Competitive compensation packages: We strive to make each and every employee feel valued and appreciated. 
• The annual base salary range for this position is 70,000-85,000 
• Medical, Dental, and Vision: We offer generous and highly competitive plans with up to 100% employer-paid coverage, FSA and HSA.
• 401K matching and stock options: Feel the investment of working at a hyper-growth startup.
• Wellness: We take a holistic approach to wellness at Melio with a focus on providing financial, physical, emotional, social, and community support for our employees. 
• Time Off: Time to rest and recharge is a priority for us. We offer competitive vacation time, sick days, holidays, parental leave and wedding days to allow you to take the time you need, when you need it. 
• Food perks: Enjoy our fully stocked kitchens, along with a weekly Seamless stipend and plenty of catered meals each week. 
• Office culture: Thrive in our collaborative offices in New York City or Denver, in a hybrid working environment. We are dog friendly as well!
• Growth and development: Lean on the diverse team to foster professional and personal growth through workshops, mentorship programs, and team building activities. 

Melio builds business-to-business (B2B) payment tools so small business owners can spend less time in the back office and more time on their craft. As the fastest-growing B2B payment platform in the US, Melio is working hard to find new and better ways to help small businesses succeed in the ways that work best for them.

Melio's diversity, equity and inclusion efforts have always been a top priority within our team. We are an Equal Opportunity Employer, and all of our employees encompass different strengths, experiences and backgrounds. DEI within Melio prioritizes race, gender, age, disability status, veteran status, sexual orientation, religion and many other parts that make up one's identity. Having a diverse team across all offices is key to our success, and inclusion is each #TeaMelio member's responsibility. Melio accepts job applications on an ongoing basis until the position is filled. If you are interested in applying for this job opportunity, please do so directly on our careers page (or if you’re here already, scroll down and apply now!). This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.