Description:
The KYC Advisor Associate performs a key risk management role (second line of defense) to help ensure corporate initiatives and lines of business processes comply with applicable laws and regulations. The role will collaborate across multiple lines of businesses and teams to deliver KYC requirements and monitor compliance with regulatory standards. The KYC Advisor Associate is responsible for delivering quality and timely results, providing compliance advice to business lines as a KYC subject matter expert, and executing or participating in corporate risk management processes.
Responsibilities:
- Maintain subject matter expertise of applicable anti-money laundering laws and regulations and support business lines by providing guidance on KYC compliance requirements
- Assist with establishing enterprise KYC standard/policy intent and review new/revised business line KYC policies, standards and procedures to ensure alignment
- Ensure KYC standard/policy is consistently applied across the lines of business
- Support KYC assessments to identify and address KYC gaps and areas of opportunities
- Assess operational breakdowns for KYC compliance risks and uncover data issues with significant KYC implications
- Leverage understanding of systems, data, and processes to identify root causes for KYC issues and recommend/lead related remediation efforts
- Ensure preventive and detective KYC controls and monitoring programs are in place and provide adequate coverage
- Provide effective challenge and guidance on KYC compliance risks and support business line through various interactions and forums; influence changes to processes, procedures, and controls to mitigate KYC compliance risk
- Review business line training materials with KYC compliance related content for accuracy and completeness.
- Support and communicate compliance risk appetite and key performance metrics to business lines
- Evaluate Audit, regulatory exam, and self-identified issues and events for KYC compliance impacts
- Monitor external KYC compliance environment, emerging risks, and regulatory focus areas.
- Analyze root causes of KYC compliance and risk issues.
The Person:
- Strong critical thinking, written and verbal communication skills, including experience in strategic and senior level communication
- Demonstrated ability to work in a continually evolving and dynamic environment
- Ability to build partnerships with others outside of their own team and influence others to ensure team’s success
- Exhibit drive for accomplishing tasks/delivering results and persist when faced with significant difficulties or resistance
- Analytical background with the ability to analyze data and reporting to create thoughtful and comprehensive reporting for key metrics
- Strong understanding of Anti-Money Laundering (AML) risk management practices, including regulatory requirements
Basic Qualifications:
- High School Diploma, GED, or equivalent experience
- At least 3 years of regulatory compliance experience, or at least 3 years or risk management experience, or at least 3 years of financial services industry experience
- At least 3 years of experience in financial services, or Anti-Money Laundering (AML) functions, or compliance risk management, or Anti-Money Laundering (AML) project management.
Preferred Qualifications:
- Associates Degree
- 5+ years of regulatory compliance experience, or at least 5 years or risk management experience, or at least 5 years of financial services industry experience
- 5+ years of experience in financial services, or Anti-Money Laundering (AML) functions, or compliance risk management, or Anti-Money Laundering (AML) project management.
- Previous experience supporting programs where senior leaders and external stakeholders are your customers
- Certified Anti-Money Laundering Specialist (CAMS) and/or Certified Regulatory Compliance Manager (CRCM) certification