Compliance Associate

About the role

Rain is seeking a motivated Compliance Associate to join its compliance team in New York. The role focuses on daily transaction monitoring, alert review, and case investigation to ensure suspicious activity is identified and reported in line with regulatory requirements.

Key responsibilities

• Review and disposition transaction monitoring alerts and KYC/KYB onboarding applications end‑to‑end, including customer profile review, document verification, beneficial ownership analysis, sanctions and PEP screening, adverse media assessment, and transactional activity analysis.
• Conduct enhanced due diligence on high‑risk applicants, covering source of funds, source of wealth, business model review, and full beneficial ownership chain documentation.
• Make well‑reasoned SAR recommendations, draft SAR narratives that meet FinCEN quality standards, and document analyses defensibly for regulators.
• Send requests for information (RFIs) to customers or partners, follow up, and document responses.
• Support periodic KYC refresh reviews for existing customers as part of ongoing due diligence.
• Identify gaps in onboarding and investigation policies and propose improvements.

Required profile

• Strong analytical mindset with the ability to think critically and document thoroughly.
• Attention to detail and ability to work with urgency without cutting corners.
• Familiarity with FinCEN advisories, FATF typologies, and emerging financial‑crime trends.

Required skills

• Experience with transaction monitoring and alert investigation processes.
• Knowledge of KYC/KYB onboarding, sanctions screening, and SAR filing requirements.