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Policy Development and Implementation:
Develop, amend, and ensure the implementation of KYC/CDD and sanctions regulations, keeping them in line with regulatory changes and industry best practices. This includes regularly reviewing and updating policies to maintain compliance with local and international regulations.
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DFC Process Initiation and Implementation:
Take the lead in initiating and implementing future-proof Digital Financial Crime (DFC) processes in the KYC/CDD domain. This includes leveraging digital tools and technologies to enhance the efficiency and effectiveness of KYC/CDD procedures, ensuring they are scalable and adaptable to future needs.
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ICS Client Monitoring Framework:
Oversee the integration of ongoing due diligence practices within the ICS Client Monitoring Framework, ensuring that automated assessments are part of the client lifecycle. Monitor and enhance the effectiveness of customer screening and monitoring processes to detect and mitigate financial crime risks.
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Risk-Based Approach (RBA) Implementation:
Lead the design and implementation of a Risk-Based Approach (RBA) for Client Filtering and Monitoring. This involves identifying and assessing risks posed by clients, optimizing the monitoring framework accordingly, and ensuring that resources are allocated to high-risk areas. You will also be responsible for demonstrating the continued effectiveness of monitoring processes, ensuring they are aligned with the SIRA (Systematic Integrity Risk Assessment) framework.
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Collaboration with Other Departments:
Work in close partnership with the Transaction Monitoring and SIRA departments to ensure an integrated approach to client monitoring. This includes helping to shape the overall vision and strategy for client monitoring within the organization, ensuring that policies, procedures, and technologies are aligned across departments for maximum effectiveness.
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Continuous Improvement and Reporting:
Regularly report to senior management on the status and performance of the KYC/CDD and monitoring frameworks, identifying areas for improvement. Ensure continuous improvement of monitoring procedures and processes to stay ahead of emerging risks and evolving regulatory requirements.
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Stakeholder Management:
Engage with internal stakeholders (including legal, compliance, risk, and operations teams) and external partners (such as regulators and industry bodies) to ensure the KYC/CDD framework meets all necessary standards and expectations.
