About the job

About Abaca:

Abaca is a financial technology company at the forefront of unlocking financial services for the legal cannabis industry. Our mission is simple but challenging: enable deposits, electronic payments, and access to capital for cannabis businesses all while ensuring our partner financial institutions remain compliant in an ever-changing regulatory landscape. We are passionate about solving these problems, and our growing team is becoming a powerful leading force in the industry. To top it off, we are backed by some incredible industry partners and venture capital firms. We are looking for passionate people that can join our team of high performers and that can share our vision.

Job Description:

The Onboarding Specialist is responsible for compiling, reviewing, and confirming client identification and due diligence files for new and existing customers. Day to day responsibilities include performing “Know Your Customer” (KYC) research and related OFAC checks, compliance exemption requests, and other inter-departmental requests. The Onboarding Specialist monitors, researches, analyzes and addresses compliance issues including, but not limited to, beneficial ownership for higher risk clients, identification of politically exposed (PEP) individuals, and negative media and sanctions reports. The role performs special projects and completes any other duties as required or assigned.

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Roles and Responsibilities:

  • Review incoming documents for clients according to internal and external regulations
  • Responsible for the efficient and accurate review of new accounts
  • Responsible for understanding the nature of each client’s business
  • Maintain knowledge of all documentation required to open a business account for all business types
  • Maintain comprehensive knowledge of Abaca’s products and services
  • Maintaining cross-departmental communication

Qualifications:

  • Attention to detail and critical thinking are essential
  • A self-starter who can work well with minimal supervision
  • Excellent written and verbal communications skills
  • A basic understanding of current FINCEN guidelines and KYC
  • Basic understanding of business structures and business documents
  • Solid PC Skills (MS Excel, MS Word, Gmail, Google Sheets/Docs)
  • Some working experience in the financial industry within KYC Compliance
  • High School Diploma
  • Interest in being a part of a fast paced and growing culture
  • Positive attitude and willingness to take initiative on projects
  • Flexibility, positive energy and a great attitude required
  • Ability to work in an open-office environment
  • Banking experience (preferred, not required)
  • Familiarity with CRM systems such as HubSpot (preferred, not required)

Benefits:

  • Benefits and Compensation
  • Health, vision, and dental insurance matched at 50%
  • Unlimited PTO & flexible remote work policies (after probationary period)
  • Dog Friendly Environment
  • Good snacks

Salary negotiable based on experience

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