Simplify Logo

Full-Time

KYB Analyst

Confirmed live in the last 24 hours

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 offers digital payment solutions that enhance traditional currency transactions by providing seamless experiences for various industries, including automotive and telecom. Their focus is on corporate disbursement solutions, helping companies efficiently and securely distribute funds to recipients. What distinguishes Onbe from competitors is their commitment to delivering value beyond transactions, enhancing the overall experience for clients and end users. The company's goal is to be a preferred payments partner, supporting businesses in the global digital payments market.

Company Stage

N/A

Total Funding

N/A

Headquarters

Buffalo Grove, Illinois

Founded

1996

Growth & Insights
Headcount

6 month growth

10%

1 year growth

10%

2 year growth

10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Onbe's strategic partnerships, such as with Eisen and ScrapRight, expand their market reach and enhance their service offerings.
  • The company's focus on instant digital payouts aligns with the growing consumer preference for fast and secure payment methods, potentially driving higher client satisfaction and retention.
  • Onbe's ability to offer tailored solutions for various industries, from automotive to telecom, positions them well to capture diverse market opportunities.

What critics are saying

  • The highly competitive fintech landscape requires Onbe to continuously innovate to maintain its market position.
  • Integration challenges with partners' platforms, like those of Eisen and ScrapRight, could pose operational risks.

What makes Onbe unique

  • Onbe specializes in corporate disbursement solutions, offering tailored digital payment services across diverse industries, unlike competitors who may focus on more generalized payment solutions.
  • Their partnerships with niche industry players like ScrapRight and Eisen highlight their ability to integrate seamlessly into specific operational workflows, providing a competitive edge.
  • Onbe's emphasis on instant digital payouts and customizable payment options sets them apart in a market where speed and user experience are increasingly critical.