Type:
FTE - 3 Days a week in the Office
Requirement ID:
Location:
New York City
Apply To:
diane.katz@primesoftinc.com
/
diane.katz@primesoftinc.com
/
561-573-1581
Type:
FTE - 3 Days a week in the Office
Location:
New York City
Requirement ID:
Setup:
Apply to:
diane.katz@primesoftinc.com
,
diane.katz@primesoftinc.com
,
561-573-1581
KYC is a process of verifying customer identity and activity and assessing and monitoring customer risk. It is a mandatory procedure in many countries, especially for financial services, to comply with anti-money laundering regulations and prevent the financing of terrorist activities. Three components of KYC include the customer identification program (CIP), imposed under the USA PATRIOT Act in 2001, customer due diligence (CDD), and ongoing monitoring or enhanced due diligence (EDD) of a customer's account once it is established
Reports to the Head of KYC Advisory
This position is responsible for assisting the Head of KYC Advisory with managing the Branch’s KYC program. The Deputy Head of KYC Advisory Team Manager also supports the Head of KYC Advisory on delivery of policy, procedure, and training to KYC Advisory Team.
Primary Responsibilities :
· Work with and support the Head of KYC Advisory on issues relating to customer acceptance, customer riskrating and mitigating controls…etc.
· Liaise with the regulators,internal auditors and third-party vendors on behalf of the Head of KYC Advisory.
· Provide KYC/AML/TM guidance as the Senior Management of the KYC Advisory Team.
· Provide final review and sign-off approval on Onboarding Reviews KYC Case Summary Reviews.
· Management of KYC Advisory Teamstaff.
· Management of the KYC Policy, Procedures and Desktop Procedures.
· Provide final sign-off approval on the High-Risk KYC Case Summary Reviews.
· Provide second level of review on the internal memo, the documentation produced in response to Branch Management, Head Office, and internal audit requests prior to the Head of KYC Advisory review and approval.
· Executing the decision making related to the KYC Program in the absence of the Head of KYC Advisory with BSA/AML Compliance Officer and/or Chief Compliance Officer’s approval.
· Experienced in Customer Acceptance/KYC Program Management role executing the responsibilities described above.
· In-depth knowledge of and experience with Bank Secrecy Act (BSA)/Anti-Money Laundering Regulations in the US.
· Strong knowledge of KYC, CDD,EDD and risk rating practices.
· Bachelor’s Degree (preferred)or experience in lieu of degree
· Strong project/change management and task management skills;
· Experience in facing senior management and regulatory entities;
· Strong attention to detail, sense of time, and refined communication skills.
Green Card Holders or US Citizens
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