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Commercial KYC Associate -Los Angeles (Hybrid)

Company: Sumitomo Mitsui Banking Corporation (SMBC)
Location: Los Angeles
Posted on: July 9, 2024

Job Description:

JOB SUMMARYWithin Middle Office, the KYC Associate is responsible for performing processes related to Know Your Customer/Customer Identification Program (KYC/CIP), special projects, and assisting the Commercial KYC Manager with day-to-day operational processes and reporting.Reporting to the Commercial KYC Manager, the Middle Office KYC Associate will perform routine operational day-to-day actions and specialized tasks as necessary. The Associate is responsible for performing processes related to KYC/CIP and guiding junior team members.PRINCIPAL DUTIES & RESPONSIBILITIES

  • Performs new customer onboarding, updates, periodic reviews and static data maintenance;
  • Ensures adherence to the SMBC MANUBANK KYC program;
  • Ensures that CIP/CDD/EDD information is collected prior to account opening;
  • Collects documentation and reviews for adequacy and accuracy within prescribed time frame;
  • Coordinates with client and relationship manager to obtain CIP/KYC information;
  • Conducts background checks (i.e., OFAC, politically exposed persons (PEP) screening, sanctions, adverse information checks using a variety of databases and 3rd party vendors;
  • Keeps up-to-date with required training, policies and procedures;
  • Maintains evidence of KYC documentation and results in appropriate credit file and/or electronic management system;
  • Liaises with Financial Crimes Compliance (FCC) to obtain customer ranking and responds to requests for information (RFI);
  • Escalates issues to KYC Manager/Middle Office Head as necessary;
  • Troubleshoots routine and complex issues to obtain resolution;
  • Updates personal/team logs as appropriate to measure workload and accomplishments;
  • Trains and supports junior team members;
  • Makes suggestions for process improvement;
  • Attend ACAMS training sessions as assigned;
  • Perform quality control on other team member's packages;
  • Be willing to cross-train and be cross-trained in other departments within Middle Office;
  • Other duties as assigned by management.POSITION SPECIFICATIONSEducation: Bachelors degree or equivalent
    Skills/ Qualifications:
    • Ability to learn and adapt to new information and systems
    • Problem-solving, organizational and time management skills
    • Attention to detail, good judgment, sense of urgency
    • Ability to understand corporate structure and understand legal documentation
    • Ability to execute in high-pressure environment within tight time-frames.
    • Ability to absorb training and immediately apply
    • Strong interpersonal skills
    • Strong written and verbal communication skills
    • Discretion, ability to handle sensitive information in an appropriate manner
    • Team player

Keywords: Sumitomo Mitsui Banking Corporation (SMBC), Los Angeles , Commercial KYC Associate -Los Angeles (Hybrid), Other , Los Angeles, California

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