The Due Diligence Officer will work perform and review due diligence of IPB customers identified as 'high risk' to comply with the AML/KYC policies and procedures, evaluate reasonableness of Relationship Manager's conclusion and ensure completeness of documentation required during the review.
Requires a good knowledge of the range of processes, procedures and systems to be used in carrying out assigned tasks and a basic understanding of the underlying concepts and principles upon which the job is based, particularly in relation to AML/KYC policies and procedures. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Makes evaluative judgements based on the analysis of factual information. They are expected to resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Must be able to exchange information in a concise and logical way as well as be sensitive to audience diversity. Impact of the job holder is restricted to own job.
Responsibilities:
Conduct in-depth and timely due diligence reviews of IPB customers identified as 'high risk' to comply with the AML/KYC policies and procedures
Makes evaluative judgments based on the analysis of factual KYC information provided by Relationship Manager and highlight/escalate issues to supervisor, management and/or compliance and follow up on corrective actions
Ensure completeness of documentation required during the review (e.g., disposition of name screening results)
Provide adequate documentation of the work performed for each case
Perform transaction reviews (large cash and overlay reports) to determine any potential AML concerns
Resolves problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
Qualifications/ Role Requirements:
Bachelor's Degree is preferred
At least 2 year of relevant experience in KYC/AML/Due Diligence or 5 years of banking experience is preferred
Knowledge of AML/KYC policies including bank systems, applications and due diligence processes
Strong analytical and comprehension skills with the ability to analyze and document large amounts of data
Strong documentation skills to clearly articulate disposition
Adherence to controls and compliance standards
Detailed, well-organized, self-starter and capable of working under minimum supervision
Able to multitask and meet deadlines in a high-pressure environment
Effective verbal and written communication skills
Strong interpersonal skills and results-oriented team player
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Job Family Group: Compliance and Control -------------------------------------------------
Job Family: Business Control ------------------------------------------------------
Time Type: Full time ------------------------------------------------------
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