About Business line/Function:
India CoE Compliance Hub enables safeguarding the Group’s reputation and mitigating the risks across all business lines by supporting the Compliance functions globally. Currently, the India CoE Hub is structured into divisions aligned with the areas they serve, offering services for Group Compliance COO TOP, trade surveillance, electronic communications monitoring, transversal risk management, personal account dealing, MIS, and project support. The team collaborates closely with business partners worldwide
Position Purpose
To contribute as a KYC Independent Testing officer for LoD2 by executing key controls to assess the risk.
Responsibilities
Direct Responsibilities
- Perform KYC/AML/Sanction compliance control testing based on Group Compliance control plans.
- Work with 1LoD conducting periodic reviews of existing customers, to confirm the information on file, reconfirm customers ownership structure, conduct PEP/negative news and sanctions check to ensure KYC completeness,
accuracy and quality/readiness.
- Work closely with Country Compliance to seek additional information or clarifications.
- Collaborate with Country/Regional Compliance covering KYC to help ensure consistency in interpretation and application of existing and current regulatory requirements.
- Able to remediate KYC compliance issues (e.g. overdue/non-compliant files).
- Co-ordinate for timely closure of action plans recommended in response to adverse audit observations and regulatory examinations.
- Escalate issues and exceptions noted during control testing.
- Ensure close collaboration with domain Leads within TRM team who are responsible for the definition of the control methodology and accountable for the adequate execution of the controls.
- Communicate with local and regional compliance teams as required for the execution of controls and reporting of the results.
- Track status of corrective action plans