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SalaryThe KYC Associate will review the Customer Due Diligence on new to bank clients including the execution of Customer Risk Assessments, AML analysis (UBO analysis and screening results applied to Client Risk Matrix). The Due Diligence involves ensuring SDD/CDD/EDD is undertaken as required under KYC policy and standards. In addition, the Regs & Tax QC Analyst will check if Customer Due Diligence on new to bank clients meets the Regulatory & Tax requirements.
Furthermore, the KYC Associate will perform KYC check the reviews on existing clients periodically done by CDD analyst, based on the client risk rating, or as a result of a trigger events. The review involves ensuring SDD/CDD/EDD is brought up to date and verified as required under AML policy and standards, including a review of client activity over the period and the products requested are still valid. The review includes verify if inactive clients have been identified and proposed for off-boarding.
Regards Regs & Tax verify that reviews on existing clients periodically have done at the regulatory & tax level, based on their active products, or as a result of a trigger events
In addition, KYC Associate reviewed the new products requested by the clients.
Key Responsibilities:
- Check the Quality of the On-boarding cases across all client and non client types in line with SCIB CLM Global Manuals
- Ensure that SDD/CDD/EDD policy has been followed, standards and procedures and apply these diligently to each client review raising any queries as appropriate.
- Ensuring all required Regulatory & Tax documentation has been received, validated and escalated where necessary.
- Ensure the integrity of information in all the systems involved in the process, thus covering the E2E of the task
- Verify that escalation of high risk cases to Local RAC team / 2nd line of defense / Compliance for sign-off has been done properly.
Knowledge, Experience, Behaviors and Specific Qualifications:
- Previous experience in financial crime (KYC/AML & Sanctions) is essential, preferably in an on-boarding / refresh role and knowledge of regulatory classifications across Margin, Dodd Frank, FATCA & Volcker, Markets Regulations is desirable.
- A working knowledge of multiple entity types is required including Corporates, Non-Banking Financial Institutions, F.I.’s, Hedge Funds, Private Equity Funds, Mutual Funds etc.
- Experience in banking is beneficial; ideally from an investment or corporate banking environment to understand the customers and their people (shareholders/ controllers), or in a similar environment where this experience could be gained.
- The KYC Associate should be able to work well with peers in a team. Good stakeholder management skills are required to work with Client Service/Front office/1LODb staff in order to verify the process has been followed.
- Technology skills are required including the use of Excel and the ability to learn how to operate CDD/EDD capture systems and use external vendor tools, for which training will be provided.
- Analytical skills are important, supported by appropriate experience or qualification.
Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
For NYC Job Applicants: The base annual salary range for this position is $92,700-$115,000.The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
EnglishPrimary Location: New York, NY, Madison Ave Corp
Other Locations: New York-New York
Organization: Banco Santander S.A.
