Social Capital Resources

Compensation

Full Description

Top-Tier Bank is seeking a permanent KYC AVP! Responsibilities: • Use strong communication skills (verbal and written) in order to on-board new clients to the bank and perform the necessary due diligence to ensure that potential new clients meet all the current KYC (Know Your Client) and AML (Anti Money Laundering) requirements, including OFAC/World Check Screening; ensure the integrity of the information and documentation is correct and in good form; review and adhere to KYC Policy, Collective Fund & Hedge Fund Policy and AML/OFAC policies and procedures; applying all CIP (Customer Identification Procedure) regulatory requirements to clients and maintaining a working relationship with the business line. • Perform a pivotal role in the management of operational risk • Provide the team with guidance, support and training as needed in order to ensure a high quality standards and productivity. • Lead in the communication of Know Your Client (KYC) memos to the Client Acceptance Committee • Advise team members in the development and implementation of escalation procedures for KYC / AML unresolved items. • Maintain a working knowledge of AML and OFAC regulations and in order to relate them to Bank policies and procedures. • Maintain strong working relationship with AML Compliance with an emphasis placed on the onboarding and review of high and medium-high risk clients. • Ensure the proper application of KYC principals (including FATF EU 3rd AML Directive, US Patriot Act, and FINRA) into strong quality assurance controls • Ensure team’s adherence to the global and local requirements of client on boarding • Guide the KYC team in addressing data requests from internal & external auditors