Axelon Services
Job title:
KYC/AML Quality Assurance Officer
Company
Axelon Services
Job description
Global Financial Firm located in NYC has an immediate contract for an experienced6 Month ContractHybrid- 2/3 days onsite a weekBusiness Overview:Candidate Success Factors:
Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
Responsibilities:
- Administer all aspects of Client Acceptance Committee (CAC), a twice-weekly escalation forum to discuss higher risk accounts.
- Perform Quality Controls/ Assurance of KYC records to ensure clients are sufficiently complete for presentation to Client Acceptance Committee (CAC) review
- Present accounts/customers at Client Acceptance Committee (CAC) to senior business management and compliance stakeholders.
- Record and distribute minutes of the CAC meetings to track attendance, summarize discussion, record decision, and to track follow up items.
- Update client record systems with findings, outcome and account status.
- Review and assist in preparing Compliance Acceptance Committee (CAC) forms for presentation
- Manage Compliance Acceptance Committee (CAC) agenda- including securing facilities and quorum.
- Co-ordinate Global Client Acceptance Committee (CAC) meetings with EMEA and APAC regions as needed
- Follow-up with appropriate departments for missing or outstanding KYC documents or relevant approvals whenever necessary.
- Support KYC/Due Diligence Teams within the Americas region to meet target client review deadlines.
- Interact frequently with Senior Management, Legal, Compliance and other business units on investigation findings and matters requiring escalation.
- Work closely with Compliance and Legal Departments to keep abreast of regulatory guidance and rulings, enforcement actions and penalties.
- Develop and update policies and procedures.
Minimum Required Qualifications
- 3 + years related experience in AML, Audit, KYC/ Due Diligence or as a Paralegal
- Specific experience managing processes or reviews within a financial institution with a focus on Corporate and Institutional Banking (CIB) clients.
- In-depth understanding of the concepts of KYC, AML risk and Due Diligence requirements as well as an understanding of the financial regulatory landscape.
- Excellent presentation skills
- Ability to:
- Present complex issues in succinct, simple and straightforward manner; written or verbally;
- Deal with conflicting points of view and to effect creative and responsive solutions;
- Balance numerous priorities and meet time-sensitive deadlines effectively
- Comprehend and parse and/or interpret complex organizational and corporate structures for ownership percentage, subsidiary breakdown or merger activity;
- Work effectively and collaboratively with business partners and senior staff and management in a global organization to achieve desired objectives.
- Skillfully transfer manual functions to computerized systems to generate meaningful data and increase efficiency;
- Strong analytical ability and attention to detail is a must.
- Strong project management and organization skills
- Experience taking/drafting meeting minutes
- Superior written communication skills, including managing escalations, collecting KPI, drafting reports, and collaborating on policies and procedures
- Ability to deliver quality work at pace in a team atmosphere
- Use of utmost discretion when handling sensitive and confidential material.
Expected salary
Location
New York City, NY
Job date
Fri, 25 Oct 2024 04:19:15 GMT
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