Job Title
KYC Periodic Review Associate
About the Role
We are seeking an experienced KYC Periodic Review Associate to join our Account Management Team in Sydney or Melbourne on an initial 12-month contract.
Key Responsibilities
* Review documentation provided by clients and Sales, escalating regulatory concerns or exceptions to Managers for further review and discussion.
* Evaluate accounts with high-risk triggers or high-risk accounts for Global Financial Crimes (GFC) sign-off.
* Verify the accuracy of values impacting client ML / TF risk, such as Source of Wealth (SoW) and Total Net Worth.
* Maintain continuous engagement with Sales teams to share KYC and ML / TF guidance.
* Ensure periodic review and relevant approval records are retained properly in internal databases and monitor receipt of outstanding documentation within required timeframes.
Requirements
* Bachelor's degree or equivalent education or experience.
* At least 3 years' experience in the financial services industry, preferably with previous Risk and Compliance experience in a private bank or top-tier bank.
* Understanding of global AML/KYC standards, particularly Australian and UK-FSA requirements.
* Strong analytical and organizational skills.
* Effective communication skills to instruct and advise Sales teams and stakeholders.
* Able to articulate issues concisely and effectively.
* Capacity to work independently and collaboratively in a dynamic environment with high pressure on timeliness and quality of deliverables.
* Impressive knowledge of KYC documentation, industry regulations, and best practices.
Remuneration
The role will be compensated approximately $470-525 per day plus superannuation, dependent on prior experience in relevant positions.