About the role
The AVP/VP KYC Specialist will lead periodic reviews of private banking clients, assessing AML/CFT risks, preparing reports, and supporting audit and compliance activities. The role also involves staying current on regulatory developments and contributing to process improvement projects.
BankingOnsite
Key Responsibilities
- Independently review and validate screening hits from public and internal databases
- Identify and assess resulting ML/TF risks with respect to regulatory requirement as well as Group AML/CFT policy and procedures
- Follow up with Front Office, FCSS Advisory and other stakeholders on screening hits with appropriate escalation
- Highlight deficiencies, suspicious AML or other non-compliance issues to relevant parties and management
- Prepare reports for management reporting to facilitate relevant reviews and strengthen the control procedures and process
- Handle Internal/External audit, compliance testing and other supervisory visits as appropriate
Requirements
- Strong understanding of Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT).
- Experience conducting periodic KYC reviews for high-net-worth clients.
- Ability to apply regulatory frameworks to transactional data.
- Detail orientation in risk assessment and compliance reporting.