KYC & Client Onboarding Analyst Job at Madison-Davis, LLC, Mundelein, IL

  • Madison-Davis, LLC
  • Mundelein, IL

Job Description

Job Description

We are partnering with a growing financial institution seeking a KYC & Client Onboarding Analyst to support customer onboarding and due diligence across a diverse client base.

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This is a hands-on role responsible for moving customer files from initial intake through onboarding while ensuring documentation, ownership information, screening, risk assessments, and due diligence are complete and properly supported.

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The position is well suited for someone with a strong KYC/KYB, CDD, or EDD background who is comfortable managing files independently, communicating with clients and relationship teams, and escalating higher-risk relationships to Compliance when appropriate.

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Key Responsibilities

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  • Manage assigned customer onboarding cases from initial application through account-opening readiness.
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  • Collect and review identification, formation, ownership, authorization, and other required documentation for individuals and legal entities.
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  • Perform KYC/KYB and CDD reviews and ensure customer files are accurate, complete, and appropriately documented.
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  • Analyze entity ownership and control structures, including beneficial owners, control persons, holding companies, funds, trusts, offshore entities, and other complex structures.
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  • Verify entity standing, registrations, and licensing where applicable, including financial-services and payments-related registrations.
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  • Conduct identity verification for customers, authorized signers, beneficial owners, and control persons and resolve discrepancies or failed verification results.
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  • Document the customer's business purpose, products and services, geographic exposure, counterparties, expected account activity, and anticipated transaction patterns.
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  • Gather and evaluate source-of-funds and, when required, source-of-wealth documentation.
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  • Conduct onboarding screening for sanctions, PEP exposure, adverse media, and negative news, escalating potential matches or concerning findings for further review.
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  • Apply customer risk-rating criteria and prepare an initial risk recommendation supported by clear written rationale.
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  • Identify relationships requiring enhanced due diligence or additional Compliance approval and assemble complete files for escalation.
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  • Coordinate directly with customers and Relationship Managers to obtain missing information, manage RFIs, resolve documentation issues, and keep onboarding timelines moving.
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  • Support due diligence for higher-risk or specialized relationships, including correspondent banking, cross-border businesses, financial institutions, and third-party programs.
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  • Review complex international structures and reconcile customer-provided information against corporate registries and other reliable external sources.
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  • Support onboarding of digital-asset businesses by gathering information regarding custody arrangements, wallets, assets, counterparties, transaction flows, and related risk factors.
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  • Complete periodic KYC refreshes and event-driven reviews resulting from ownership changes, changes in activity, adverse information, or other risk triggers.
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  • Maintain accurate records within KYC, screening, and case-management systems.
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  • Address QA/QC findings, remediate documentation deficiencies, and ensure files can withstand review by Compliance, Internal Audit, and banking regulators.
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Candidate Profile

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  • 3–8+ years of experience in KYC, KYB, CDD/EDD, onboarding, or financial-crimes compliance within financial services.
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  • Experience working within either the first or second line of defense.
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  • Strong understanding of the customer onboarding lifecycle, from initial application and information gathering through EDD, escalation, exceptions, and required Compliance/BSA approvals.
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  • Hands-on experience executing business onboarding, beneficial ownership analysis, CDD, and EDD.
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  • Ability to analyze complex legal-entity structures and clearly document ownership and control.
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  • Experience conducting sanctions, PEP, adverse-media, and related customer screening.
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  • Strong understanding of customer risk-rating methodologies and the ability to provide well-supported initial risk recommendations.
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  • Experience managing client and Relationship Manager communications, RFIs, documentation requests, and onboarding deadlines.
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  • Strong attention to detail, particularly around file completeness, documentation quality, and remediation of review findings.
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  • Comfortable working across multiple technology platforms, including identity-verification, sanctions-screening, KYC, and case-management systems.
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