Overview
Associate Vice President – KYC – Compliance Advisory
Responsibilities:
– Kyc advisory/Financial Crime advisory/Regulatory Compliance Advisory
– Must have advisory background from Corporate/Investment Banking
– Must have regulatory exposure
– Experience in Financial Crime advisory role
– Strong knowledge of UK regulations
AML risk management:
– You are required to liaise / co- ordinate with the KYC and Country Financial Crimes Team on regular basis and support resolution of competing requirements between regulators and Internal FCC Policies and Procedures.
– Reviewing KYC / Client Onboarding / periodic review escalations and provide advice to First Line of Business and/or Operations Unit to ensure compliance with applicable regulatory requirements in Asia and internal FCC policies and procedures.
– Conducting Enhanced Due Diligence (for Corporate and FI customers) on prospective and existing high-risk clients to identify issues presenting potential legal, regulatory, sanctions or reputational risk, primarily utilizing publicly available data sources, vendor reports and/or reviewing client documentation.
– Updating, drafting and implementing applicable Internal FCC policies and procedures, includingCountry Operating Manuals And Addendums.
– Provide business analysis, design expertise, system testing and deployment of key initiatives to deliver on KYC & Client Due Diligence (CDD) change initiatives by reviewing business requirement documents (BRDs) or other functional requirements and act as SME for the project, coordinating end to end delivery, stakeholder management and writing procedures.
– Support the embedment of the risk framework for all financial crime risks (AML, ABC, Sanctions) within client processes including the KYC/ CDD procedures.
– Propose control effectiveness, efficiency improvements and simplifications in accordance to applicable Internal FCC policies and procedures where appropriate.
– Interact within wider FCC and other Business Units for the implementation of policies and procedures; execute oversight function to monitor; audit and compliance testing reviews and provide training support to employees on FCC related topics.
– Work with direct manager and Leadership Team to maintain proactive management of client escalations, issues management and other items that require special handling related to KYC record completions or completion rate
Candidate Profile:
Skills and knowledge:
– Sound knowledge of Industry KYC / CDD / Compliance / Anti Money Laundering rules. Industry related certification (e.g., CAMS or ICA Diploma) will be an added advantage.
– Being aware of regulatory changes and current events, both local and cross border, that may have an impact on existing and potential client relationships
– Strong ability to communicate effectively at all levels of the organization including front office individuals, skilled at diplomatically breaking down barriers and obstacles
– Detailed oriented, analytical, inquisitive and apply sound judgements
Education & professional qualifications: Bachelor’s/Master’s Degree in Finance.