First Citizens Bank
Crypto Payments Enhanced Due Diligence Associate
First Citizens Bank, Dallas, Texas, United States, 75215
Crypto Payments Enhanced Due Diligence Associate
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Crypto Payments Enhanced Due Diligence Associate
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First Citizens Bank Overview
This is a hybrid role with expectation to regularly work inside and outside of Phoenix, Chicago, Dallas, or Raleigh offices. The EDD KYC team conducts enhanced due diligence on higher risk client segments that may pose money laundering, terrorist financing, sanctions, or reputation risk in support of legal and regulatory requirements. As a Cryptocurrency Enhanced Due Diligence Associate, you will lead EDD reviews of prospective and existing clients, ensuring crypto‑related clients within FCB comply with FCB’s Risk Appetite and all applicable regulations and guidelines. You will engage with peers, risk professionals, and management to deliver comprehensive views on EDD matters and represent the reasoning of disposition on behalf of the organization. It is critical to stay current with cryptocurrency developments, policy changes, and enhance processes and controls. Responsibilities
Perform thorough EDD reviews on new and existing clients engaged in the crypto ecosystem, assessing money laundering, terrorist financing, and other financial crime risks. Document and maintain accurate records of due diligence reviews, findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards. Serve as subject matter expert on high‑risk, complex, and crypto reviews, partnering with Compliance, Internal Audit, and other departments to manage action plans and ensure full regulatory compliance. Conduct risk assessments and profiling of clients based on risk factors, analyze client transactions, and identify red flags indicative of potential financial crimes. Develop and report risk tolerance metrics, provide ongoing reporting to senior management, and provide training and guidance on policies, procedures, and best practices. Qualifications
Bachelor’s Degree with a minimum of 4 years of experience in payment processing, money service businesses, banking, on‑chain monitoring, EDD, or risk management focusing on crypto/blockchain. High School Diploma or GED with a minimum of 8 years of experience also acceptable. Preferred Experience
KYC compliance at a large financial institution or crypto MSB/VASP. BA, finance, economics, legal, or criminal justice. Certification such as ACAMS, CCAS, or Certified Fraud Examiner. Comprehensive understanding of blockchain technology and AML risk related to cryptocurrency, payments, and FinTech business models. Knowledge of international and regional financial crime risks and regulatory frameworks for FinCEN, FFIEC, BSA, and PATRIOT ACT. Strong analytical, research, organizational, and project management skills, with flexibility to learn new topics and handle change. Compensation
Base pay for this position in Chicago ranges from $93,000 to $124,636, with total compensation potentially including variable incentives, bonuses, benefits, and other awards as outlined in the offer of employment.
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Join to apply for the
Crypto Payments Enhanced Due Diligence Associate
role at
First Citizens Bank Overview
This is a hybrid role with expectation to regularly work inside and outside of Phoenix, Chicago, Dallas, or Raleigh offices. The EDD KYC team conducts enhanced due diligence on higher risk client segments that may pose money laundering, terrorist financing, sanctions, or reputation risk in support of legal and regulatory requirements. As a Cryptocurrency Enhanced Due Diligence Associate, you will lead EDD reviews of prospective and existing clients, ensuring crypto‑related clients within FCB comply with FCB’s Risk Appetite and all applicable regulations and guidelines. You will engage with peers, risk professionals, and management to deliver comprehensive views on EDD matters and represent the reasoning of disposition on behalf of the organization. It is critical to stay current with cryptocurrency developments, policy changes, and enhance processes and controls. Responsibilities
Perform thorough EDD reviews on new and existing clients engaged in the crypto ecosystem, assessing money laundering, terrorist financing, and other financial crime risks. Document and maintain accurate records of due diligence reviews, findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards. Serve as subject matter expert on high‑risk, complex, and crypto reviews, partnering with Compliance, Internal Audit, and other departments to manage action plans and ensure full regulatory compliance. Conduct risk assessments and profiling of clients based on risk factors, analyze client transactions, and identify red flags indicative of potential financial crimes. Develop and report risk tolerance metrics, provide ongoing reporting to senior management, and provide training and guidance on policies, procedures, and best practices. Qualifications
Bachelor’s Degree with a minimum of 4 years of experience in payment processing, money service businesses, banking, on‑chain monitoring, EDD, or risk management focusing on crypto/blockchain. High School Diploma or GED with a minimum of 8 years of experience also acceptable. Preferred Experience
KYC compliance at a large financial institution or crypto MSB/VASP. BA, finance, economics, legal, or criminal justice. Certification such as ACAMS, CCAS, or Certified Fraud Examiner. Comprehensive understanding of blockchain technology and AML risk related to cryptocurrency, payments, and FinTech business models. Knowledge of international and regional financial crime risks and regulatory frameworks for FinCEN, FFIEC, BSA, and PATRIOT ACT. Strong analytical, research, organizational, and project management skills, with flexibility to learn new topics and handle change. Compensation
Base pay for this position in Chicago ranges from $93,000 to $124,636, with total compensation potentially including variable incentives, bonuses, benefits, and other awards as outlined in the offer of employment.
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