KYC/AML Quality Assurance Officer

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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