Cannabis Business Executive

Group Manager- AML/KYC Policies, Procedures and Program Execution

BNY Mellon
Orlando, Florida, United States
11 days ago

Description

Overview

AML/KYC Policies, Procedures and Program Execution - The Enterprise Utilities KYC Policy Interpretation and Implementation Team (the Team) is responsible for managing the implementation and ongoing maintenance of the global execution program for BNYM's KYC Policy by the Center of Excellence (COE), including oversight of BNYM's enterprise-wide regulatory and business-as-usual (BAU) program enhancement plans and initiatives, collaborating with Compliance to develop, document and deliver KYC guidance, and oversight of the effectiveness of change management controls impacting timely and comprehensive program execution. The Team is looking for an independent and self-motivated individual to fulfil the following responsibilities:
  • Serve as a primary KYC subject-matter expert (SME), including, but not limited to: AML name screening, customer and enhanced due diligence (CDD and EDD), politically-exposed person (PEP) risk, and specialized due diligence programs (e.g., cannabis, virtual currency, cash-intensive businesses)
  • Assist manager in overseeing BNYM's enterprise-wide KYC program enhancement plans and initiatives, including providing KYC policy and risk management subject-matter expertise, oversight and assistance to various teams involved with delivery of plan objectives
  • Responsible for oversight, implementation, and facilitation of change management control processes for KYC policy and requirement changes, including local regulatory requirements, impacting operations and the delivery of compliant KYC profiles
  • Collaborate with Compliance, the LOBs, and other Operations areas (e.g., AML name screening) on the development and implementation of risk-based KYC requirements, including interpretation and implementation of local regulatory requirements, frequently asked questions (FAQs) and other guidance
  • Document and deliver KYC policy and risk mitigation guidance to multiple teams of staff involved in preparing and reviewing client profiles, including assessing risks and events to determine impact on clients' risk level
  • Serves as the escalation point for high risk and complex KYC policy issues regarding client profiles, keeping leadership apprised of potential areas of concern and opportunities for program enhancement
  • Assist in preparation and delivery of regulatory materials, correspondence, and meeting materials
  • Collaborate with internal stakeholders from other functions to help coordinate KYC Policy and procedures implementation as a part of the overall compliance strategy. Leverage feedback to determine whether trainings address department findings and organizational need, and provide insight around the development of trainings
  • Recruit, direct, motivate and develop staff, maximizing their individual contribution, their professional growth, and their ability to function effectively with their colleagues as a team. Responsible for achievement of function goals
  • Assist manager in appropriate allocation of financial resources of the team (budgets, expenses, etc.) to facilitate program objectives

Bachelors' degree or the equivalent combination of education and experience is required. 7-10 years of total work experience, including 4-5 years of AML KYC experience and 1-3 years management experience preferred. Experience in policy or law is preferred. Applicable local/regional licenses or certifications as required by the business.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Job Information

  • Job ID: 60806193
  • Location:
    Orlando, Florida, United States
  • Position Title: Group Manager- AML/KYC Policies, Procedures and Program Execution
  • Company Name: BNY Mellon

Please refer to the company's website or job descriptions to learn more about them.

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