Location
Mumbai | India
Job description
Business Function
Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.
Role Description we are looking for dynamic personality and a strong communicator with a KYC/ AML/ Compliance or Legal background. Individual required to ensure the Bank and its employees conduct business in accordance with local laws and rules and regulations, including the rules and regulations of the SEBI, MAS, RBI, and other governmental agencies, self-regulatory organizations and internal policies and industry best practices.
This role requires working with the Financial Crime team. We focus on driving strategy, implementation, and oversight for the KYC program within the Legal, Compliance and Secretarial team (LCS). We work in collaboration with COO and Business teams to help our Financial Advisors serve their clients in accordance with regulatory framework and requirements.
Please Find Below The Gist Of Job Profile - Review new customer accounts and verify their identities based on regulatory guidelines
- Assess the risks associated with customers or products
- Study market trends and evaluate customer behavior/ profile to ascertain the relationship to be established with them
- Conduct Adverse Media Search as per the requirement for new on-boardings
- Conduct periodic review of the Policy and Procedures and update as per the regulatory and procedural changes
- KYC Testing - Perform qualitative reviews of client files to test execution quality of various customer on-boarding processes
- Effective follow-up with internal stakeholders on important KYC actionable
- Maintain logs of regulatory changes with impact analysis to ensure
- Hand on knowledge of customer risk categorization framework and procedures
- Provide inputs based on the experience gathered from the previous institutions and bring in best practices
- Contribute to ad-hoc KYC-related projects as needed
- Completion of Final Due Diligence Checklist and negative news searches
- Execute account maintenance updates and client life cycle related reports
Your team KYC Advisory, Financial Crime Compliance, Compliance Dept.
Your expertise - Graduation Degree or Post Graduation degree
- 5 or more years of KYC advisory, Regulatory Knowledge and Risk Management background is preferred
- consulting background in AML is a plus
- excellent written and verbal communication skills
- ability to interact and work closely with business stakeholders at all levels of seniority
- strong understanding of KYC/ AML regulations
- strong understanding of retail liability and retail asset products and services
- possess strong analytical thinking and critical reasoning skills
- ability to work effectively in a team environment
- ability to effectively handle a fast-paced environment and successfully meet established deadline requirements
- self-motivated with the ability to work independently
Primary Location India-Maharashtra-Mumbai
Job Compliance
Schedule Regular
Job Type Full-time
Job Posting Feb 7, 2024, 10:41:29 AM
Job tags
Salary
