Assistant Vice President - Global KYC
About The Position
Within the Global Financial Crimes Department (GFCD), the KYC Program Assistant Vice President provides KYC subject-matter support in the area of the development, implementation and execution of the Product Risk Rating Methodology, the Customer Risk Rating Methodology and Global Financial Crimes Risk Ratings. The team also provides support to Quality Assurance by reviewing and challenging report findings and assisting regions with addressing identified issues. The KYC Assistant Vice President will liaise and collaborate with GFCD Regional Financial Crime Offices, GFCD Operations (Intelligence and Analytics), GFCD Quality Assurance, GFCD Testing and Issue Management, and Audit.
Requirements
- Typically requires at least 5 years of financial industry compliance experience, preferably within a global organization
- BA or BS Degree; JD, MBA or Master's degree in related field preferred
- Demonstrated knowledge and experience in compliance with banking laws and regulations, compliance risk management, and regulatory oversight
- Subject matter expertise in KYC
- Subject matter expertise in financial-crime and terrorism-financing trends, developments and risk-mitigation strategies
- Collaborative with strong interpersonal communication skills
- Experience in developing policies and procedures
- Knowledge and experience with Wolfsberg guidance on AML and sanctions
- Detail oriented and proven execution abilities
- The ability to interact effectively at all levels of the organization, including staff, senior management, directors and prudential regulators
- Past enterprise risk management experience/perspective
- Thorough understanding of an effective financial crimes risk management framework
- Ability to work autonomously and initiate and prioritize own work
- Solid judgment, established negotiation skills
- Ability to balance regulatory requirements with the best interests of the Bank and its customers
- Excellent written English, with proven ability to research and write accessible, clear policies & standards documents and reports for a range of audiences
- Excellent oral communication skills, with ability to engage different audiences, convey complex information in an accessible way and prepare and give presentations to different audiences
- Position may require international travel, with overall travel up to 5% of the time
Responsibilities
- Provide subject-matter expertise to the development, implementation, operation and refinement of the customer, geographic and product/service risk rating methodologies and the Approved Regulators and Stock Exchange lists
- Understand how the products and services offered by the Bank can be used for money-laundering and terrorist financing
- Understand the regulatory landscape to quickly identify and adapt to emerging compliance risks
- Liaise with Sanctions and Anti-Bribery and Corruption on cross Financial Crime initiatives
- Provide advice and guidance to regional compliance teams
- Support regulatory engagements
- SME/Global KYC POC for QA escalations relating to Global KYC Standard requirements, QA Methodology including Scoring Guidance on QA variances.
- QA Methodology advisory including setting the KYC minimum requirements as well as scoring guidance on QA variances
- Other ad hoc projects such as drafting of GFCD enterprise-wide memos addressing different KYC related topics
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
