What are the responsibilities and job description for the Product Owner - AML and Banking domain expertise position at Smart IT Frame LLC?
Job Title: Product Owner - AML and Banking domain expertise
Location: New York City, NY (Onsite/ Hybrid - 4 days in a week)
Employment Type: 6 Months CTH
About Smart IT Frame:
At Smart IT Frame, we connect top talent with leading organizations across the USA. With over a decade of staffing excellence, we specialize in IT, healthcare, and professional roles, empowering both clients and candidates to grow together.
Overview:
- Product Vision Roadmap Define and maintain the product roadmap for KYC onboarding re-KYC and client data management systems.
- Regulatory Compliance Ensure all digital products comply other relevant jurisdictions e.g. PMLA guidelines KYC documentation standards.
- Requirements Definition Create Detailed Business Requirement Documents BRDs for new features or enhancements e.g. automated KYC UBO identification.
- Stakeholder Management Collaborate with Compliance Legal Risk and Sales teams to ensure products meet high-risk client due diligence standards EDD.
- System Development UAT Lead User Acceptance Testing UAT to validate that KYC platforms like PPI UPI or client onboarding apps work as intended.
Required Knowledge Skills:
- Subject Matter Expertise Deep understanding of KYCAML regulations including customer Identification Programs CIP Customer Due Diligence CDD and Enhanced Due Diligence EDD.
- Digital Product Expertise Experience with new age payment systems UPI or digital onboarding platforms.
- Analytical Skills Ability to analyse customer data and identify patterns risks or anomalies.
- Technical Proficiency Knowledge of KYC software databases and reporting systems
- communication Excellent ability to translate regulatory jargon into functional technical requirements.
Qualifications:
- Education Bachelors or master’s degree in business finance information technology or related fields.
- Experience 3-8 years of experience in digital payment products banking operations or fintech specifically focusing on KYC.
- Certifications in AML e.g. CAMS are highly preferred.
Mandatory Skills: Business Architecture, Business Process Design, Mapping, KYC and code jumper