Full-Time

KYB Analyst

Posted on 8/16/2024

Onbe

Onbe

201-500 employees

Digital payment solutions for businesses

Fintech
Financial Services

Compensation Overview

$54.1k - $65kAnnually

+ Bonus

Junior

Boston, MA, USA

Category
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • 1-2 years of tangible work experience in operations, customer service, or a financial service organization.
  • Ability to take direct ownership of projects.
  • Organized with a keen eye and attention to detail.
  • Strong work ethic and problem-solving skills.
  • Excellent written and verbal communication.
Responsibilities
  • Conduct thorough investigations and due diligence on prospective and existing business clients to ensure compliance with regulatory requirements and internal policies.
  • Gather and analyze relevant information about business entities, including ownership structures, beneficial owners, financial statements, and other pertinent documentation.
  • Verify the accuracy and authenticity of provided information through various reliable sources, ensuring adherence to established standards and guidelines.
  • Evaluate the risk associated with engaging with specific businesses, identifying potential red flags or irregularities that require further scrutiny.
  • Maintain comprehensive records and reports of KYB processes and findings, ensuring that all information is accurately documented and accessible.
  • Collaborate with internal teams, including compliance, legal, and risk management, to address concerns, provide insights, and facilitate decision-making processes.
  • Stay updated with relevant laws, regulations, and standard processes about KYB procedures and implement essential changes or updates accordingly.
  • Proactively find opportunities to enhance KYB processes, streamline workflows, and improve efficiency without compromising compliance standards.
  • Review collateral documentation to verify compliance with network guidelines and bank policies.
  • Conduct detailed analysis and assessment of collateral quality and eligibility, resolving complex issues as they arise.
  • Provide oversight and quality assurance throughout the collateral review process.
  • Identify discrepancies or inconsistencies in collateral information and take proactive measures to address them.
  • Collaborate with internal teams and external stakeholders to resolve issues related to collateral documentation.
  • Maintain accurate records and documentation of all collateral reviews and assessments.
  • Stay informed about industry regulations and guidelines related to collateral management.
  • Recommend process improvements to enhance efficiency and accuracy in collateral review procedures.
  • Other duties as assigned.

Onbe specializes in digital payment solutions that enhance the payment experience beyond traditional currency transactions. The company provides a variety of customizable and secure payment options for businesses across multiple industries, including automotive, biotech, and telecom. Onbe's primary focus is on corporate disbursement solutions, which help companies efficiently and securely distribute funds to their recipients. This approach allows modern brands to innovate and create engaging payment experiences for their customers. Onbe generates revenue by charging fees for its payment processing services and customization options. The company's goal is to be a preferred payments partner, delivering value that extends beyond mere transactions and improving the overall experience for both clients and their end recipients.

Company Stage

N/A

Total Funding

N/A

Headquarters

Buffalo Grove, Illinois

Founded

1996

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital payments boosts Onbe's market potential.
  • Partnerships with industry leaders enhance Onbe's service offerings.
  • Onbe's focus on instant payouts aligns with consumer preferences for speed and convenience.

What critics are saying

  • Emerging fintech startups increase competition in digital payments.
  • Regulatory risks in niche markets like recycling may impact operations.
  • Reliance on partnerships could pose challenges if partners face difficulties.

What makes Onbe unique

  • Onbe offers customizable digital payment solutions across diverse industries.
  • The platform enables instant digital disbursements, enhancing recipient satisfaction.
  • Onbe's partnerships expand its reach in niche markets like recycling and restaurant tips.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Wellness Program

401(k) Company Match

401(k) Retirement Plan

Unlimited Paid Time Off

Parental Leave

INACTIVE