Given below the position details with a Leading Bank :

Position - Lead KYC Compliance

Grade - AVP/VP

Location - Mumbai

Job Description :

Job Purpose :

The role bearer has the responsibility for KYC advisory to the business and operations units of the Bank. The expectation is thorough understanding and knowledge on KYC requirements in the Bank and provide guidance to Business and Operations functions. CKYC related activities guidance is also expected from the role bearer.The role holder needs to be an KYC subject-matter-expert with a proven track record and should have a clear understanding of all banking products.

Roles and Responsibilities:

- Develop and maintain KYC/AML compliance policies and establish compliance review procedures as directed by regulatory agencies

- Lead advisory function related to KYC Requirements in the Bank

- Govern any KYC relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses

- Provide KYC inputs into any new banking business or products approval that may have KYC risk

- Advice on name screening would be an advantage

- FATF Data templates submission related to KYC

- Develop and manage periodic KYC updation program along with Customer Risk Categorisation activities

- Act as an independent review and evaluation body to ensure that compliance issues/concerns 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

- Liason with regulatory agencies, internal and external advisors, and other internal control groups on KYC including CKYC 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

- Any other matters delegated by the Chief Compliance Officer and/or the Principal Officer

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