Manager - Compliance - KYC/ALM - Bank

We are an executive search firm specialised in the banking sector and one of our Foreign bank client is looking for professionals having rich experience in handling the compliance related to AML & KYC.

Location- Mumbai

Experience- 4-8 years

Position Objective: KYC, AML Sanctions Monitoring, Adherence to Internal Guidelines on AML/Sanctions

Roles and responsibilities:

Monitor adherence to local regulations and Group/Regional guidelines to cover Compliance Risks.

Vigilance and monitor adherence to regulations on AML, Sanctions and Embargoes.

Vigilance and assist in ensuring adherence to internal guidelines on AML, Sanctions and all aspects pertaining to controls over AML, Sanctions and Embargoes.

Assist in Advisory to business and Active support in Sanctions, KYC and Due Diligence process.

Validation of account opening documents and due diligence / KYC aspects for onboarding customers, CDD norms.

Monitoring of account opening and transactional activities for PEP and active vigilance on the same.

Preapprovals and verification of transactions for dormant account activation, embargo country transactions, and clearance of false hits on account of vigilance checks.

Validation of client profiles, KYC reviews and periodic vigilance checks from AML, Sanctions and Due Diligence processes.

Verification / Validation of clients transactions; transactions having implications of embargo related aspects and financial sanction.

Transactional vigilance and monitoring of high sensitive clients activity and transactions escalated to Compliance

Liaison with Regional office for approvals and clearance of escalated transactions

Liaison with Regional Office for vigilance checks, transactions which have embargo related implications etc.

Involvement in correspondence with Regulatory Authorities, clarification on guidelines etc.

Assist in TAC/NAC, New Product Paper (NPP), New Activity Process (NAP)

Participate for implementation of new applications and updates to existing applications pertaining to Compliance function

For more details and information mail your queries along with your updated resume

Manjusha.N
Team People Tree