Team is responsible for Anti Money Laundering (AML) strategic initiatives/projects to meet regulatory obligations. This will include conducting research, analysis and providing qualitative/quantitative insights to lead and direct the projects and initiatives to meet our AML/KYC Standards. The role requires alignment with the Firm's AML Consent Order initiatives and will require coordination with Project Teams, Compliance, Technology, Training, Communications, Legal, AML Operations and the Business. Team members are responsible to be knowledgeable of AML/KYC policies and standards to ensure projects and initiatives are within compliance and mitigate the AML/KYC risks to an acceptable level.

The Know Your Customer (KYC) Team supports Dealer Services customers with the fulfillment of Anti-Money Laundering (AML) / KYC Requirements. Dealer Services is seeking a KYC Officer who will partner with Bankers and AML/KYC Operations to ensure all client KYC records are compliant with regulatory standards, and will ensure high quality and timely completion of all client-level due diligence requirements at inception and renewal of client relationships. The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.

Job Responsibilities:

This role will be responsible for ensuring the business is implementing, maintaining and sustaining a robust Anti Money Laundering (AML) and Know Your Customer (KYC) program. The KYC QC Officer will partner with the AML/KYC Due Diligence team to ensure all client KYC records are compliant with regulatory standards. This position will also ensure high quality and timely completion of all client-level due diligence requirements at inception and renewal of client relationships. The KYC QC Officer will report to the KYC QC Manager.

• Perform all compliance duties and responsibilities within established scope of authority and expertise, to ensure all regulatory requirements are met
• Perform quality control reviews in various AML related areas for accuracy, data integrity, reasonableness, timeliness, and completion
• Interpret standards and procedures to determine whether control issues have been satisfactorily addressed or require escalation for further review
• Consult with Management on emerging issues and policy/procedural changes to ensure an efficient and well organized program
• Document findings and effectively communicate areas of needed improvement with the KYC Officers
• Assist in building best-in-class AML/Compliance programs by providing support in the design, development, implementation, review and reporting on AML projects and initiatives, addressing certain AML risks and controls.
• Complete all assigned tasks in support of projects with strong attention to the quality and timeliness of expected results. May facilitate proper recommendation & escalation to management. Support the successful transition of projects to business-as-usual status.
• Produce standard and ad hoc management reports and presentations for assigned projects and initiatives. May present project decks to management.
• May coordinate with Risk Officer, Compliance Officers, Legal Advisors, and additional partners on LOB specific and potentially on cross-LOB issues.
• Provides support for Exam/Audit/Compliance readiness with ability to provide documentation of processes and proof of compliance with the firm policies and KYC Standards.
• Typically has ability to make decisions on day-to-day issues and refers to manager on decisions regarding project direction / scope.
• Knowledge of Commercial Lending and Commercial Banking Systems (Party Central, ICRD, CDD/COLT)

Required qualifications, capabilities, and skills:

• Bachelor’s degree or equivalent experience
• Minimum of 5 years of experience in financial services industry with background in controls, audit, quality assurance, operational risk management, or AML/KYC preferred; or equivalent subject matter expertise in a relevant business related function/operation
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint)
• Excellent time management and organizational skills
• Strong analytical and problem solving skills 

Preferred qualifications, capabilities, and skills:

• Business knowledge - ability to understand the business / knowledge of regulation surrounding business
• Communication/presentation - excellent written and verbal communication skills with an ability to articulate in a meaningful and actionable manner
• Networking – strong interpersonal skills; strong collaboration and relationship building skills
• Work autonomously to affect change - flexible, adaptable to shifting priorities; manages competing priorities to achieve the most effective result and able to work in a fast-paced, results driven environment.
• Decision Making/Judgement - moderate level of independent decision making using sound judgement