At Franklin Templeton, everything we do is focused on one thing – delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 9,500 employees working in 30 countries around the world are dedicated to servicing investment solutions for our clients in more than 155 countries. For more than 75 years our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.
What is the Compliance Analyst responsible for?
The Compliance Analyst is responsible for supporting the Compliance Department in ensuring that all new US and Non-US client relationships have undergone identification and due diligence screening required under Section 326 of the U.S Patriot Act prior to opening an account. The Compliance Analyst will confirm that all information provided specific to Know Your Client (KYC)/Anti Money Laundering (AML) is corroborated with supporting documentation which meets all due diligence requirements, perform QA review of junior Specialist’s KYC files and approve low risk account KYCs. The Compliance Analyst will track and follow-up on any missing documentation and escalate any negative news or Regulatory Data Corporation (RDC) alerts to NY Compliance Officer.
The Compliance Analyst will be assisting FTCI Risk Manager in supporting periodic reviews and risk management related activities and will work closely with his/her manager and the Risk and Privacy Manager and Compliance Director who are based out of the NYC office .( Specific tasks listed in the Job Duties/Responsibilities section).
The Compliance Analyst will prepare and provide status reports to the Hyderabad Compliance Supervisor and Compliance Manager related to KYC processes.
What are the ongoing responsibilities of Compliance Analyst responsible?
Coordinate and perform basic and enhanced due diligence KYC screening on new and existing US & Non-US clients.
Document and maintain all due diligence evidence.
Track and follow up with KYC account administrators on outstanding AML/KYC documentation/information.
Approve low risk account KYCs.
Review and escalate positive matches for negative news alerts (Regulatory Data Corporation (RDC) or suspicious activity to the Team Supervisor.
Perform QA review of KYC files and TM cases completed by junior Specialists.
Work on various project initiatives, like application upgrades, technological enhancements. Perform testing and report findings to the project team and ensure project goals are met.
Perform transaction analysis review. Assist with tracking and resolution of the issues/errors.
Track all outstanding documentation where temporary exceptions have been granted or transaction monitoring Request for Information (RFI) and follow-up with the business and Management as needed.
Perform ad hoc reviews for the business and Compliance related to prospective clients.
Assist in preparing department metric reporting for KYC functions.
Participate in Bank Compliance Committee meetings and assist in preparing status reports.
Assist in training of junior team members on TMU processes.
All applicable FTCI policies must be read and understood in order to successfully perform job responsibilities.
Able to undertake other special projects as needed.
What ideal qualifications, skills & experience would help someone to be successful?
Knowledge, Education, And Experience:
4-year degree or equivalent business experience (3-year degree India)
5 plus years industry experience and/or 5 years Financial Services compliance, preferably in the private banking and wealth management industry.
Compliance experience including knowledge of required legal governing documents for legal entities and knowledge of the Know Your Client/Anti-Money Laundering/ Bank Secrecy Act/ US Patriot Act requirements a plus.
KYC and AML experience required.
Licenses And Certifications:
ACAMS Anti-Money Laundering Certification desired
Knowledge, Skills and Abilities:
Solid communication skills, written and verbal. Ability to perform multiple tasks in a fast-paced team environment and work as a team player. Solid analytical skills. Basic knowledge of and application of rules and regulations governing Franklin Templeton's regulated business. Proficient verbal and written English language skills. Proficiency with Microsoft Office applications.
Analytical Thinking
Effective Communications
Influencing Through Expertise
Industry Knowledge
Process Management
Risk Management
Securities Laws and Regulations
Compliance
Problem Solving and Decision Making:
Ability to trouble-shoot and resolve KYC issues in a timely manner.
Ability to guide and advise business on KYC issues.
Job Level - Individual Contributor
Work Shift Timings - 2:00 PM - 11:00 PM IST
What makes Franklin Templeton Investments unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of
Total Rewards
—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.
Highlights of our benefits include:
Professional development growth opportunities through in-house classes and over 150 Web-based training courses
An educational assistance program to financially help employees seeking continuing education
Medical, Life and Personal Accident Insurance benefit for employees. Medical insurance also cover employee’s dependents (spouses, children and dependent parents)
Life insurance for protection of employees’ families
Personal accident insurance for protection of employees and their families
Personal loan assistance
Employee Stock Investment Plan (ESIP)
“Location specific benefits” as mentioned below
Onsite fitness center, recreation center, and cafeteria
Cricket grounds and gymnasium
Library
Health Center with doctor availability
HDFC ATM on the campus
Franklin Templeton Investments is an Equal Opportunity Employer. We invite you to visit us at
Franklin Templeton Careers
to learn more about our company and our career opportunities.
Franklin Templeton is committed to fostering a
diverse and inclusive
environment. If you believe that you need a workplace arrangement to search for, or apply for, one of our positions please send an email to
[email protected]
. In your email, please include the arrangement you are requesting and the job title and job number you are applying for. We will review the request and make a best effort to enact the arrangement. It may take up to three business days to receive a response to your request. Please note that only requests for arrangements will receive a response.