Assistant Vice President - KYC/Client On-boarding - Investment Bank

FEMALE CANDIDATES ONLY

AVP: 10+ years of experience in the transaction/ investment banking industry of which 8+ in KYC, Client On-boarding.

ACCOUNTABILITIES:

Operational Management -

- Maintain a working knowledge of AML/ OFAC/ Local regulations (eg., US CIP) and be able to relate them to company policies and procedures

- Ensure Deliveries are as per the defined KPI standards

- Ensure the productivity is closely tracked in order to achieve the Targeted number of files month on Month

- Ensure strict adherence to the agreed SOPs, KYC Policy and other guidelines governing the process

- Ensure quality levels are maintained at acceptable levels at all time.

- Implement, track and report on productivity savings

Risk management -

- Ensure strict adherence to Permanent Supervision controls

- Support the risk awareness culture among team members

- Ensure the BCP and BIA is regularly reviewed and updated in the BCM Tools

- Ensure staffs are well trained for BCP tests

- Ensure strict attendance of mandatory risk awareness & other trainings

Stakeholder Engagement -

- Ensure Agenda and MOMs of all meetings with the counterparts are well documented, circulated and stored

- Ensure counterpart satisfaction is maintained, feedback collected in timely manner and corrective actions implemented

People -

- Proper capacity planning, smart allocation of work & execution to ensure no crunch situation and escalate any issue proactively

- Ensure robust back-up and cross training plans are in place

- Attrition management by conducting monthly one on ones

- Prepare and constantly update the skill matrix

- Enforce strict leave discipline with no carry forwards and proper PDP planning

- Develop sense of ethics and values at work across each team members

- Prepare relevant PDP for team members and ensure adherence to the plan

- Ensure regular meetings are conducted with N-1 & skip level for systematic cascade of information, follow-up of objectives & addressing any people issues

Continuous Improvement -

- Propose & Implement automation initiatives to minimize errors/efficiency gain & participate actively in other IT/BPO integration initiatives

- Imbibe the culture of continuous improvement within team.

- Conduct periodic RCA with team & execute changes to continuously improve / streamline the process in the best interest of the client and regulators. Ensure minimum re-work

SKILLS AND KNOWLEDGE

- In-depth knowledge in Know Your Customer (KYC) process

- Familiarity with the principles of risk based KYC, client risk assessment and the products used in a wholesale banking and institutional broker dealer business

- Minimum 7-8 years in an KYC role

- Should have worked with Onshore partners

- Possess good leadership skills

- Proficient time management and organizational skills

- Microsoft Office, Word, Excel, PowerPoint

- Knowledge of Banking environment and procedures; specifically Business banking or Commercial business experience

- Exposure to external regulatory exams

- Familiar with Allegations, Money Laundering, Regulatory Infraction etc

- KYC File Validation

- Customer Data Management

- Carry out routine & in-depth check on customer profile