KYC Specialist

Standard Chartered Bank • New York, NY

241d • $111,925 - $145,000 • Remote

About The Position

The KYC Specialist will identify the Client type (Corporate and FIs) and create the Customer Due Diligence (CDD) record in the USA and across SCB network locations as per SCB's CDD policy and procedure. The role involves reaching out to the client documentation for Onboarding and periodic reviews, requesting additional documents that could not be sourced from public domain and registry websites, and obtaining the client's confirmation on sanctions links, bearer shares issuance, FATCA, and CRS forms. The specialist will assess client risk as part of onboarding clients in the US and across SCB network locations, review Tax Forms (US FATCA forms and Common Reporting Standard forms), and successfully complete milestones as laid out in the implemented personal learning plan. Awareness and understanding of the regulatory framework where SCB operates and the regulatory requirements and expectations relevant to the role remit are essential. The role requires compliance with applicable Money Laundering Prevention Procedures and reporting any suspicious activity to the Line Manager and Operational Risk Team. The KYC Specialist will ensure a clear and uniform approach towards implementing the global operating model for all Client Management-related processes and adhere to Department Operations. They will report deviations, if any, to relevant stakeholders and obtain approval. Proactively managing risks and following the controls framework to improve the overall state of the risk management and operating framework is also a key responsibility. Remote work may be permitted within a commutable distance from the worksite, in accordance with Standard Chartered Bank policy.

Requirements

• Must have a Bachelor's degree or foreign equivalent in Applied Computer Science or a related field.
• Five (5) years of experience in the job offered or in a related position.
• Five (5) years of experience with KYC policies, procedures, and regulations.
• Working knowledge of KYC for financial institutions and correspondent banking relationships.
• Knowledge of anti-money laundering, terrorism financing, and sanctions.
• Understanding of Financial Crime and AML Risk Assessment.
• Knowledge of using local and international channels, systems, and procedures.
• Experience acting as a service partner with RM, CM, Product Sales, Operations, and other key internal stakeholders.
• Ability to analyze, develop, implement, and maintain the Global Client Management Model.
• Experience supporting Group RM/CM to assess risks identified during the due diligence process.
• Proactively managing risks and following controls framework.

Responsibilities

• Identify the Client type (Corporate and FIs) and create the Customer Due Diligence (CDD) record.
• Reach out to the client documentation for Onboarding and periodic reviews.
• Request additional documents that could not be sourced from public domain and registry websites.
• Obtain client's confirmation on sanctions links, bearer shares issuance, FATCA, and CRS forms.
• Assess client risk as part of onboarding clients.
• Review Tax Forms (US FATCA forms and Common Reporting Standard forms).
• Complete milestones as laid out in the implemented personal learning plan.
• Comply with applicable Money Laundering Prevention Procedures.
• Report any suspicious activity to the Line Manager and Operational Risk Team.
• Ensure a clear and uniform approach towards implementing global operating model for all Client Management-related processes.
• Report deviations to relevant stakeholders and obtain approval.
• Proactively manage risks and follow controls framework.

Benefits

• Eligible for Employee Referral Program.

What This Job Offers

• Job Type: Full-time
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree