Assistant Vice President - KYC - BFSI

We do have a requirement with one of our leading BFSI client for AVP - KYC position and here goes with the job details

Designation: AVP - KYC

Company : BFSI client

Experience : 12 - 15 years in recruitment

Compensation : 20,00,000 - 20,00,000 per annum

Qualification : Graduate in any discipline / post graduate

Location: Bangalore

Description:

The KYC Shared Services department provides a Customer Due Diligence (CDD) service to State Street business unites utilizing the KYC Share Services. The department is tasked with verifying the identity of customersof State Street business units, risk profiling those customers from a money-launderingperspective completing money-laundering risk reviews and providing KPI and KRI reporting to Compliance and the businesses-CDD must be completed in accordance with State Street Anti-Money Laundering Compliance policies and process. CDD is completed on all clients, customers and accounts and sub-accounts (collectively - Customers) of State Street. This is a permanent position within the department in Bangalore.

Responsibilities will include:

- Providing technical and specialist support to the KYC Shared Services Team.

- Ensuring State Street KYC Compliance Policy requirements are met and that CDD procedures are followed

- Monitoring and managing the completion of CDD documentation for all Customers in line with applicable AML Policies & Procedures

- Ensuring that all necessary screening takes place in line with the KYC Customer matrix provided by compliance. Notifying local management of operational issues

- Ensuring KYC risk assessments using corporate compliance tools and methods prior to account opening are completed before account opening and on an on-going basis for all accounts

- Managing and reviewing the preparation of MIS on customers CDD and underlying investors

- Supervising and reviewing status reports for senior management

- Implementing a self-testing program to ensure State Street Policies, procedures and standards are followed.

Education and Experience:

- Graduate and above preferably in Finance

- Knowledge of know-your-customer process and anti-money laundering laws.

- Staff-management experience

- Audit or assurance experience

Skills/Knowledge:

- Excellent organizational and administrative skills

- Ability to perform effectively to strict deadlines

- Ability to engage with senior managers from different State Street sites in North America and APAC locally communicating confidently, effectively and clearly in both written and verbal forms

- Excel knowledge, metrics driven approach and exposure to project management would be an added advantage

- Possess in depth knowledge on complete KYC process.

- Expertise in different entity types, such as Trusts, Hedge Funds, regulated entities, SPV Etc.

- Identifying / understanding complex ownership structure

- Should have good understanding of USA Patriotic Act and CIP.

- Should have extensive knowledge on World Check, Lexis-Nexis and negative searches.

- Should know how to access Business information sources such as ORBIS, One Source, Bloomberg, etc,.

- Ability to interpret KYC policies, procedures and laws and put into practice

- Ability to support staff on the application of new procedures and policies

- Can flex and adjust to different reporting requirements of various State Street sites

- Ability to supervise other staff and to participate in the process to ensure work is completed accurately and on time

Preetam.C