Job Description
Position: Assistant Vice President - KYC [T500-6306]
Main
Responsibilities
Individual will be responsible to conduct Know Your Customer (“KYC”) Operations services including Customer Due
Diligence (“CDD”) for New to Bank or Existing Clients based on standard operating procedures (“SOP”), Operating
manuals (“OM”) as defined by the local, regional, and global FC Teams.
These responsibilities include, but are not limited to providing support in conducting, the items listed below as per
SOPs and may be amended from time to time:
Customer Due Diligence (“CDD”) and Enhanced Due Diligence (“EDD”) profile production for Head Office and
other Global branches / affiliates/Corporates/Financial institution/Funds/Bank/individuals.
Checking client information through publicly / internally available sources which are sourced by analyst.
Prepare & check the KYC questionnaire, emails or calls with Client for outreach process
Checking screening performed by analyst in accordance with Bank policy and escalate true hits to Adverse Findings
Complete & review CDD and EDD profiles to a pre-determined review schedule in a timely manner
Assist the business where changes occur to existing customer profiles, by taking appropriate actions (i.e.,
Event Driven Reviews, administrative triggers, escalations)
Complete relevant Identification, Verification and Bribery/Corruption checks for prospective transactions for
existing or new to bank Clients to identify potential reputational, business, PEP (Politically Exposed person) ,
adverse media hits and Sanction risks etc.
Liaise directly with Clients, Sales, Relationship Manager, onshore teams and Local Account Officer within Client management and KYC teams and assist where appropriate.
Timely and proactive escalation and resolution of issues, working closely with local and regional management.
Drive to build knowledge within the Anti-Money Laundering sector and to understand the rationale for underlying policy requirements.
Pursue Lean-On-Boarding; actively seek out opportunities to improve the on-boarding process; including the strengthening and implementation of controls and improving efficiency. In addition the individual will be responsible for ensuring that all related team procedures, processes and related material are kept up to date.
Act as a Subject Matter Expert within the EMEA Client Management Services in relation to all AML OnBoarding aspects, assisting on ad-hoc queries where required. In addition, the individual will be required to represents the team and potentially the division/bank to key stakeholders or in various RM desk calls on these matters.
As a senior within the team, the individual will be responsible for 2nd check and in some instances approval of various items within the team (classification forms, PEP Mems, Exceptional handling escalations)
They may be required to conduct Quality Control reviews on KYC cases completed as and when required.
Initial point of escalation for queries to 2nd line and Management from Analysts or Sr. Analysts within the team; reviewing issues, resolving where possible and escalating if required. Escalation should be clear, concise and, where applicable, include a proposed route forward based on individual’s wider AML knowledge.
Training and Development of more junior members of the team
Keep abreast of developments in current trends and progress on money laundering, bribery and corruption and IT prevention.
SKILLS AND
EXPERIENCE:
Strong KYC end to end knowledge for Low, Medium and High risk clients
STRONG Communication skills both WRITTEN and VERBAL to interact with Clients/RMs/Sales and other stakeholders
Attention to detail is essential Technical knowledge of various client types & their structure
Awareness of UK & European Anti-Money Laundering regulations
Ability to effectively utilize Microsoft Office (particularly word & excel)
Work
Experience:
Person should have a bachelor’s degree in any stream , any certification/diploma in AML/KYC domain
would be an added advantage.
10 to 12 years’ experience in AML Compliance & KYC preferably within the financial services industry with experience conducting EDD on foreign financial institutions.
Experience reviewing comprehensive documents like complex ownership structures and Wolfsberg Questionnaires, various organizational documents like MOA/AOA COI etc.
Strong working knowledge of AML/Sanctions laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity and customer profiles.
Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
The ability to operate with urgency and prioritize work accordingly
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem solving skills
Ability to work in a fast-paced, demanding environment and must work well under pressure.
The ability and willingness to work both independently and in a team, environment is required.
Maintains…
Main
Responsibilities
Individual will be responsible to conduct Know Your Customer (“KYC”) Operations services including Customer Due
Diligence (“CDD”) for New to Bank or Existing Clients based on standard operating procedures (“SOP”), Operating
manuals (“OM”) as defined by the local, regional, and global FC Teams.
These responsibilities include, but are not limited to providing support in conducting, the items listed below as per
SOPs and may be amended from time to time:
Customer Due Diligence (“CDD”) and Enhanced Due Diligence (“EDD”) profile production for Head Office and
other Global branches / affiliates/Corporates/Financial institution/Funds/Bank/individuals.
Checking client information through publicly / internally available sources which are sourced by analyst.
Prepare & check the KYC questionnaire, emails or calls with Client for outreach process
Checking screening performed by analyst in accordance with Bank policy and escalate true hits to Adverse Findings
Complete & review CDD and EDD profiles to a pre-determined review schedule in a timely manner
Assist the business where changes occur to existing customer profiles, by taking appropriate actions (i.e.,
Event Driven Reviews, administrative triggers, escalations)
Complete relevant Identification, Verification and Bribery/Corruption checks for prospective transactions for
existing or new to bank Clients to identify potential reputational, business, PEP (Politically Exposed person) ,
adverse media hits and Sanction risks etc.
Liaise directly with Clients, Sales, Relationship Manager, onshore teams and Local Account Officer within Client management and KYC teams and assist where appropriate.
Timely and proactive escalation and resolution of issues, working closely with local and regional management.
Drive to build knowledge within the Anti-Money Laundering sector and to understand the rationale for underlying policy requirements.
Pursue Lean-On-Boarding; actively seek out opportunities to improve the on-boarding process; including the strengthening and implementation of controls and improving efficiency. In addition the individual will be responsible for ensuring that all related team procedures, processes and related material are kept up to date.
Act as a Subject Matter Expert within the EMEA Client Management Services in relation to all AML OnBoarding aspects, assisting on ad-hoc queries where required. In addition, the individual will be required to represents the team and potentially the division/bank to key stakeholders or in various RM desk calls on these matters.
As a senior within the team, the individual will be responsible for 2nd check and in some instances approval of various items within the team (classification forms, PEP Mems, Exceptional handling escalations)
They may be required to conduct Quality Control reviews on KYC cases completed as and when required.
Initial point of escalation for queries to 2nd line and Management from Analysts or Sr. Analysts within the team; reviewing issues, resolving where possible and escalating if required. Escalation should be clear, concise and, where applicable, include a proposed route forward based on individual’s wider AML knowledge.
Training and Development of more junior members of the team
Keep abreast of developments in current trends and progress on money laundering, bribery and corruption and IT prevention.
SKILLS AND
EXPERIENCE:
Strong KYC end to end knowledge for Low, Medium and High risk clients
STRONG Communication skills both WRITTEN and VERBAL to interact with Clients/RMs/Sales and other stakeholders
Attention to detail is essential Technical knowledge of various client types & their structure
Awareness of UK & European Anti-Money Laundering regulations
Ability to effectively utilize Microsoft Office (particularly word & excel)
Work
Experience:
Person should have a bachelor’s degree in any stream , any certification/diploma in AML/KYC domain
would be an added advantage.
10 to 12 years’ experience in AML Compliance & KYC preferably within the financial services industry with experience conducting EDD on foreign financial institutions.
Experience reviewing comprehensive documents like complex ownership structures and Wolfsberg Questionnaires, various organizational documents like MOA/AOA COI etc.
Strong working knowledge of AML/Sanctions laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity and customer profiles.
Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
The ability to operate with urgency and prioritize work accordingly
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem solving skills
Ability to work in a fast-paced, demanding environment and must work well under pressure.
The ability and willingness to work both independently and in a team, environment is required.
Maintains…
💡 Quick Summary
Seeking a career-building opportunity? The Assistant Vice President | KYC T500|6306 position is now open for candidates interested in the Bank Jobs sector. This role in Bangalore offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
