Role Job Title : Lead- KYC Compliance
Function/ Department: Compliance
Job Purpose:
Incumbent is responsible to develop and maintain KYC Policies. Leading and managing processes associated with regulatory agencies. liaising with internal stakeholders, establish appropriate compliance culture & development.
Roles & Responsibilities:
- Develop and maintain KYC compliance policies and establish compliance review procedures as directed by regulatory agencies.
- Guidance for screening outgoing and incoming remittances for Special Designated Nationals, high risk and sanctioned countries and businesses to ensure compliance with standard regulations.
- Govern any relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses.
- Provide inputs into any new banking business or products approval that may have risk.
- Report suspicious transactions to regulatory agencies, maintain proper records of detected violations and actions taken by management for audit trail.
- Ensure filing of periodic reports to internal and external stakeholders on time
- Lead the automation & upgradation of Software - Transaction Monitoring
- Develop and manage periodic KYC updating program along with Customer Risk categorization module.
- Act as an independent review and evaluation body to ensure that compliance issues concern within the bank are being appropriately evaluated, investigated, and resolved.
- Ensure that management and staff are notified of changes in laws and regulations impacting the compliance program.
- License with regulatory agencies, internal and external advisors, and other internal control groups on compliance related issues
- Establish an appropriate compliance culture & development of specialized training programs on KYC risks.
- Capture and share best- practice knowledge amongst the team.
Education Qualification:
Graduation: Any Graduation
Post-graduation: Any Post-graduation
Experience: 10-18 years of relevant experience in KYC compliance
