Job Description
Role Job Title: Lead- KYC Compliance
Function/ Department: Compliance
Job Purpose:
Incumbent is responsible to develop and maintain KYC Policies. Leading and managing processes associated with regulatory agencies. liaising with internal stakeholders, establish appropriate compliance culture & development.
Roles & Responsibilities:
• Develop and maintain KYC compliance policies and establish compliance review procedures as directed by regulatory agencies.
• Guidance for screening outgoing and incoming remittances for Special Designated Nationals, high risk and sanctioned countries and businesses to ensure compliance with standard regulations.
• Govern any relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses.
• Provide inputs into any new banking business or products approval that may have risk.
• Report suspicious transactions to regulatory agencies, maintain proper records of detected violations and actions taken by management for audit trail.
• Ensure filing of periodic reports to internal and external stakeholders on time
• Lead the automation & upgradation of Software - Transaction Monitoring
• Develop and manage periodic KYC updating program along with Customer Risk categorization module.
• Act as an independent review and evaluation body to ensure that compliance issues concern within the bank are being appropriately evaluated, investigated, and resolved.
• Ensure that management and staff are notified of changes in laws and regulations impacting the compliance program.
• License with regulatory agencies, internal and external advisors, and other internal control groups on compliance related issues
• Establish an appropriate compliance culture & development of specialized training programs on KYC risks.
• Capture and share best- practice knowledge amongst the team.
Education Qualification:
Graduation: Any Graduation
Post-graduation: Any Post-graduation
Experience: 10-18 years of relevant experience in KYC compliance
Function/ Department: Compliance
Job Purpose:
Incumbent is responsible to develop and maintain KYC Policies. Leading and managing processes associated with regulatory agencies. liaising with internal stakeholders, establish appropriate compliance culture & development.
Roles & Responsibilities:
• Develop and maintain KYC compliance policies and establish compliance review procedures as directed by regulatory agencies.
• Guidance for screening outgoing and incoming remittances for Special Designated Nationals, high risk and sanctioned countries and businesses to ensure compliance with standard regulations.
• Govern any relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses.
• Provide inputs into any new banking business or products approval that may have risk.
• Report suspicious transactions to regulatory agencies, maintain proper records of detected violations and actions taken by management for audit trail.
• Ensure filing of periodic reports to internal and external stakeholders on time
• Lead the automation & upgradation of Software - Transaction Monitoring
• Develop and manage periodic KYC updating program along with Customer Risk categorization module.
• Act as an independent review and evaluation body to ensure that compliance issues concern within the bank are being appropriately evaluated, investigated, and resolved.
• Ensure that management and staff are notified of changes in laws and regulations impacting the compliance program.
• License with regulatory agencies, internal and external advisors, and other internal control groups on compliance related issues
• Establish an appropriate compliance culture & development of specialized training programs on KYC risks.
• Capture and share best- practice knowledge amongst the team.
Education Qualification:
Graduation: Any Graduation
Post-graduation: Any Post-graduation
Experience: 10-18 years of relevant experience in KYC compliance
💡 Quick Summary
Seeking a career-building opportunity? The Lead|KYC Compliance position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai 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.
