Subject Matter Expert - KYC and AML

KGS - Subject Matter Expert - KYC AML - Bangalore

KGS - Subject Matter Expert - KYC AML - Bangalore

Roles & responsibilities

The SME is responsible for oversight and management of the process of SME review and guidance for the remediation of KYC files. They are required to utilize their expertise, knowledge and experience to ensure that files are completed to regulatory standard, and that business processes and policies are adhered to and correctly applied throughout the process. Responsible for management of the quality control process and the framework through which this is completed. Requires ability to work to high standards of quality in performing corporate renewal reviews of Know Your Customer (KYC) due diligence.

•Conduct customer risk assessment in full compliance with the firm policies as well as external regulatory requirements. •Engage existing / new customers / RM in the collection of detailed customer information and supporting documentation required for the completion of CDD. •Investigate and escalate monitoring alerts and queries. •Proactive review and follow-up on referrals and queries. •Act as the focal point for CDD information clarification among RM / CDD operations and Compliance. •Ensure completeness of CDD information and supporting documentation before submitting the case to Relationship Managers (RM) for review. •Advise on, and resolve, potential AML issues arising across business unit and jurisdictions. •Provide written or verbal presentations of recommendations, articulation of arguments supported by documented analysis to convince/challenge the business on recommended actions. •Drive process enhancement, identify and implement strategic improvements and enhancements to existing systems, policies and guidelines to reduce risk and improve efficiency •Conduct regular AML trainings on operational procedures to KYC and Relationship Management teams. •Produce regular Quaity/AML reports for various stakeholders.

 

Educational qualifications

•Bachelors Degree

Work experience

•5 – 8  years of post-qualification experience with strong working knowledge on KYC/AML/CDD. •In-depth knowledge on banking operations procedures, risk management as well as regulatory compliance standards.

Mandatory  technical & functional skills

•Banking operations background demonstrating good core knowledge of applying KYC within a financial institution (new customer take-on or customer due diligence remediation) with 5-8 years of relevant experience. •Understand KYC principles and how to apply within a review/renewal activity. •Good technical knowledge of KYC, Anti-Money Laundering (AML) and Sanctions. •In-depth knowledge on banking operations procedures, risk management as well as regulatory compliance standards

Key behavioural attributes/requirements

•Ability to work well independently as well as part of a team •Driven and enthusiastic with a ‘can-do’ attitude and a strong sense of ownership to get the job done in a pragmatic fashion •Proven experience of cross functional working Able to plan, organize and drive through results under conflicting priorities and pressures. The position requires effectiveness, team spirit and an ability to work in a fast-paced and demanding environment •Eagerness to learn and to keep abreast of the latest issues and requirements relating to AML / KYC •CAMS/CFCS/CFE qualified, CA, CS or other professional qualification (optional, candidate with relevant additional qualification / certification will be given priority).

Experience Level

Senior Level