Head of KYC

Overview

Our client is a major bank based in Downtown Manhattan. They are looking for a Head of KYC.

Responsibilities:

• Run the KYC Program for AML Compliance
• Manage the KYC team
• Supervise the KYC team in their daily responsibilities which include KYC reviews, account restrictions, case management in Actimize, and coordination with branch offices regarding KYC reviews and documentation
• Conduct second reviews of high risk KYCs previously approved by the KYC team
• Coordinate with AML senior management, Firm senior management, branch managers, branch control officers and financial advisors in an advisory function regarding KYC and client relationships
• Draw up monthly KYC metrics and reports for the Chief AML Officer and Chief Compliance Officer
• Assist in drafting the annual AML risk assessment
• Work with Technology on various technology implementations related to the KYC program
• Write KYC escalation forms for politically exposed persons (“PEP”) and clients with material adverse media. The forms will be reviewed by senior management
• Assist the Chief AML Officer and other members of AML senior management in reviewing AML Policies and Procedures

Qualifications:

• Bachelor’s Degree required
• Certified Anti-Money Laundering Specialist (CAMS) preferred
• 5-7 years KYC experience in AML Compliance working in a financial institution (either bank or broker-dealer)
• Excellent management, communication and coordination skills required
• Previous experience of managing a team required
• Previous experience of reviewing KYC’s for FFI’s, funds, trusts, estates, PHC’s/PIC’s, investment managers
• Previous experience of writing AML risk assessments for banks or broker dealers