Contractor in AML/KYC On-boarding Remediation (Multiple levels)

  • New York, NY, USA
  • Full-time

Company Description

Sia Partners is a unique management consulting firm composed of 950+ passionate consultants who drive business changes among our customers. Through unparalleled industry expertise, we deliver superior value and tangible results to our clients in over 21 sectors and service teams.

Financial institutions have drastically changed over the last decade and further evolutions are yet to come. Regulatory constraints have driven most of these transformations, but the disruptive revolution is much more complex and cannot be limited to the latter. Business models must be adapted within each business line and operating models must take into account industrial partnership, outsourcing or strategic alliances. Sia Partners assists its clients in coping with these transformations in order to improve their competitive advantages, flexibility productivity and profitability: strategic deployment, financial performance, business process optimization, digitalization, risk and regulatory adherence.

Sia Partners is hiring! Thanks to Sia Partners’ international footprint, the Financial Services practice is strategically located in all major financial and energy hubs (New York, Charlotte, Houston, UK, Europe, and Asia Pacific) and our integrated model allows teams from different countries to easily partner, when appropriate

Job Description

  • This individual will be a part of the Risk & Regulatory Consulting team at Sia Partners in NYC. This individual will work on-site at our Financial Service clients and assist the banks in performing KYC Remediation for their customers’ accounts. (The title of this position will be based on experience)
  • This individual will be responsible for performing KYC Remediation of our client’s customers’ accounts by drafting procedures, describing the process of remediation and then executing this approach.
  • Collaboration with internal and external bank stakeholders.
  • Understand the US and Global Regulations to perform KYC remediation.
  • Analyze existing AML/KYC policies, guidelines and procedures and create new AML/KYC policies, guidelines and procedures that are consistent with the US Global Regulations.
  • Perform GAP Assessment of the required information that will be needed for customer accounts.
  • Identify and implement new regulatory rules.
  • Enhance and centralize the banks onboarding policies, guidelines and procedures. This includes: preparing information requests to relationship managers, retrieve missing documentation from their customers, screen and transaction monitoring of the accounts, and compile the final KYC packages to complete the remediation.
  • Prepare information requests for relationship managers, and retrieve missing documentation from their customers.
  • Screen and transaction monitoring of the accounts, and compile final KYC packaged to complete the remediation.

Qualifications

  • Strong academic background (e.g. Business, Mathematics, Economics, Engineering)
  • At least 2 years in management consulting or financial services
  • Outstanding team player, autonomous, dynamic, result oriented, rigorous and committed
  • Excellent communication skills (verbal and written) and able to communicate complex ideas to all areas of the business
  • Flexibility, able to execute against tight deadlines, work with minimum supervision, exercise independent judgment and prioritize work
  • Assist clients with on-boarding their new client relationships and remediation of active clients by working with multiple the business lines. Includes US KYC / AML, Dodd Frank, FATCA and other regulations that impact their business
  • Knowledge of KYC and Due Diligence compliance framework, i.e. USA Patriot Act, BSA, OFAC, etc.
  • Collect, upload and investigate client documents
  • Process modelling: Analyze current business process to understand the business needs and to determine how to best fulfill those needs
  • Strong knowledge of Client On-Boarding process/lifecycle and experience of such projects within a top tier Financial Institution or Management Consulting firm



Additional Information

All your information will be kept confidential according to EEO guidelines.