About the position
Driftwood Capital is a vertically integrated commercial real estate investment, development, and lending platform, with a specialized focus and deep expertise in the dynamic hospitality sector. The principals of Driftwood Capital bring to the table an esteemed 30+ year track record, having successfully transacted on more than $5 billion in hospitality assets. This extensive experience has been cultivated through various affiliated management and ownership entities, demonstrating a consistent ability to identify values and execute complex projects. All Driftwood Capital funds are strategically positioned to benefit from the principals’ direct affiliation with Driftwood Hospitality Management (“DHM”), recognized as one of the largest and most respected private hotel management companies in the United States, ensuring operational excellence and market insight are integrated into every investment. Driftwood is dedicated to delivering superior results for its clients. As guardians of our clients' assets and our firm's reputation, we are deeply committed to upholding the highest standards of regulatory compliance and preventing illicit financial activity. We are seeking a diligent and motivated individual to join our dynamic team. The BSA Associate plays a crucial role in protecting the firm from financial crime risks by ensuring compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, OFAC, and other relevant anti-money laundering (AML) regulations. The successful candidate will be responsible for monitoring client files, conducting investigations into potentially suspicious activity, and supporting the firm’s Know Your Customer (KYC) and Customer Due Diligence (CDD) processes. This position offers an excellent opportunity for a developing compliance professional to deepen their expertise within the investment management industry.
Responsibilities
- Performing KYC/CDD/EDD and beneficial ownership verification on prospective clients and related parties (e.g., directors, signatories, and beneficial owners), as well as conducting sanctions and adverse news screenings.
- Responsible for quality control on investor documentation received to ensure accuracy and completeness, as well as verification of information against reliable sources and ensure all required fields are filled correctly.
- Reviewing Customer Identification Program (CIP) requirements and Know Your Customer (KYC) requirements for new clients and ongoing clients.
- Liaising with fund administrators and investors to ensure appropriate documentation is collected and processed.
- Ensure timely and accurate investigation review and disposition of potential matches received from Office of Foreign Asset Control (OFAC) and FinCEN under Section 314(a) of the USA PATRIOT Act, as well as suspicious activity noted on client accounts.
- Maintaining meticulous KYC/AML records for all clients, including gathering all documentation in a single location, composing well written summary narrative of data collected and reviewed, making appropriate recommendations, and assigning appropriate risk factors. Ensuring BSA files remain current, accurate and well documented.
- Assisting in the preparation and submission of BSA regulatory filings.
- Assisting in AML policy and procedure development by providing input to documentation.
- Aiding internal and external KYC/ AML audits/testing.
- Assisting with AML training initiatives.
- Participate in ongoing training to maintain current knowledge of BSA/AML and OFAC regulatory requirements.
- Working on ad-hoc projects as needed.
Requirements
- Support and promote the firm’s vision, organizational structure, and policies and procedures.
- Must have excellent analysis, observation and decision-making skills.
- Individuals should be able to work under high pressure situations and a stressful atmosphere and should remain composed.
- High degree of accuracy.
- Strong organizational skills; able to manage priorities and workflow.
- Ability to work independently and as a team member.
- Able to communicate with people at all levels and various backgrounds.
- Must be able to speak, read, write and understand English.
- Bilingual preferred.
- Mental concentration is necessary for handling frequent interruptions and working in a fast-paced environment.
Nice-to-haves
- CAMS certification or actively working towards certification.
- Familiarity with investment products and services.
- Proficiency in data analysis using tools such as Excel (Pivot Tables, VLOOKUPs).
Benefits
- Competitive salary and comprehensive medical, dental, and vision benefits.
- 401(k) plan with a generous company match.
- Support for professional development and industry certifications.
- A collaborative and supportive team environment with opportunities for growth.
- We celebrate diversity and are committed to creating an inclusive environment for all employees.
