KYC Anomalies Processing Analyst

 Montreal, Canada       Permanent contract        Banking Operations

Responsibilities

The Operations Department (OPER) ensures the operational processing and control of activity across all Global Banking and Investor Solutions (GBIS) business lines (Capital Markets, ex-Newedge & Financing). OPER implements all necessary means to ensure the operational, administrative and financial processing of capital markets and credit operations initiated by these business lines. In addition, OPER ensures the control and security of transaction processing in accordance with current financial regulations while acting as the first level of control on operations and booking quality. OPER provide all necessary support during the lifecycle of the transaction, perform Know Your Customer processing and provide general client relationship management. OPER also acts to steer the evolution of regulatory projects and controls our external service providers.

CLD (Client Lifecycle & Digital) is the global cross-business client management division for Societe Generale.  CLD’s mission is to provide a simplified, differentiated experience for SG’s clients and employees over the client’s entire lifecycle.  Within CLD, the CLM (Client Lifecycle Management) department has primary responsibility for:

·         Coordinating the onboarding process

·         Managing client data with a guarantee of quality and completeness

·         Protecting the bank and its clients by applying KYC regulations

The Operations Department (OPER) ensures the operational processing and control of activity across all Global Banking and Investor Solutions (GBIS) business lines (Capital Markets, ex-Newedge & Financing). OPER implements all necessary means to ensure the operational, administrative and financial processing of capital markets and credit operations initiated by these business lines. In addition, OPER ensures the control and security of transaction processing in accordance with current financial regulations while acting as the first level of control on operations and booking quality. OPER provide all necessary support during the lifecycle of the transaction, perform Know Your Customer processing and provide general client relationship management. OPER also acts to steer the evolution of regulatory projects and controls our external service providers.

 

CLD (Client Lifecycle & Digital) is the global cross-business client management division for Societe Generale.  CLD’s mission is to provide a simplified, differentiated experience for SG’s clients and employees over the client’s entire lifecycle.  Within CLD, the CLM (Client Lifecycle Management) department has primary responsibility for:

  • Coordinating the onboarding process
  • Managing client data with a guarantee of quality and completeness
  • Protecting the bank and its clients by applying KYC regulations

Profile Required

•       This role part of the AMER CLD KYC Anomalies Processing (AP) team which is responsible for managing the full scope of processing for errors identified during periodic testing performed by the AMER CLD KYC Quality Assurance (QA) team, AMER CLD KYC Controls (Controls) team and the AMER Compliance KYC Advisory (KYC Advisory) team (including the remediation of errors, certification of fixes and corresponding closure of associated action plans).

•       Assist the AP Team Lead with providing the team members with guidance, support and training as needed to maintain high quality standards and productivity.

•       Escalate unresolved and urgent items as needed.

•       Maintain working knowledge of KYC, AML and OFAC regulations and related SG policies and procedures.

•       Maintain strong working relationships with the production teams responsible for onboarding and renewing existing client relationships.

•       Develop and maintain strong working knowledge of SG systems used by the AP team and other KYC / AML process stakeholders to manage KYC and AML data, documentation and related processes.

•       Assist production teams and KYC / AML process stakeholders with developing strategic action plans to address recurring errors (including technology improvements, policies / procedures, training etc.) identified as part of QA, Controls and KYC Advisory testing.

•       Assist with preparation of periodic reporting of key processing and risk metrics for management

•       Apply KYC principals (as expressed, in FATF EU 3rd AML Directive, US Patriot Act, and FINRA) to assist SG with maintaining strong quality assurance controls.

•       Assure adherence to the Firm’s Global and Local requirements of KYC and AML.

•       Assist with managing data requests from internal & external auditors.

•       Provide support to KYC management in new and ongoing initiatives.

  • This role part of the AMER CLD KYC Anomalies Processing (AP) team which is responsible for managing the full scope of processing for errors identified during periodic testing performed by the AMER CLD KYC Quality Assurance (QA) team, AMER CLD KYC Controls (Controls) team and the AMER Compliance KYC Advisory (KYC Advisory) team (including the remediation of errors, certification of fixes and corresponding closure of associated action plans).
  • Assist the AP Team Lead with providing the team members with guidance, support and training as needed to maintain high quality standards and productivity.
  • Escalate unresolved and urgent items as needed.
  • Maintain working knowledge of KYC, AML and OFAC regulations and related SG policies and procedures.
  • Maintain strong working relationships with the production teams responsible for onboarding and renewing existing client relationships.
  • Develop and maintain strong working knowledge of SG systems used by the AP team and other KYC / AML process stakeholders to manage KYC and AML data, documentation and related processes.
  • Assist production teams and KYC / AML process stakeholders with developing strategic action plans to address recurring errors (including technology improvements, policies / procedures, training etc.) identified as part of QA, Controls and KYC Advisory testing.
  • Assist with preparation of periodic reporting of key processing and risk metrics for management
  • Apply KYC principals (as expressed, in FATF EU 3rd AML Directive, US Patriot Act, and FINRA) to assist SG with maintaining strong quality assurance controls.
  • Assure adherence to the Firm’s Global and Local requirements of KYC and AML.
  • Assist with managing data requests from internal & external auditors.
  • Provide support to KYC management in new and ongoing initiatives.

Why Join Us

Technical Skills:

  • Ability to apply principles of risk based KYC, client risk assessment and the products used in a wholesale banking and institutional broker dealer business
  • Microsoft Office, Word, Excel, PowerPoint

Competencies:

  • Strong interpersonal and written and verbal communication skills
  • Strong analytical and problem-solving skills and ability to convey results of analysis
  • Ability to partner with Compliance, other KYC departments in SG, and business lines
  • Strong organization and planning skills, ability to prioritize and multitask
  • An inquisitive nature and ability to spot issues, and address conflicts and escalate issues where appropriate
  • Ability to work independently and use judgment to assure all issues and concerns are managed properly and timely Proactive
  • Ability to work in a dynamic, deadline-focused environment;
  • Team player

Qualifications:

Experience Needed:

  • 3-5 years of experience in the financial services industry
  • Experience performing KYC / AML related processes

Educational Requirements:

  • Degree calibre candidate with expertise in business or economics related subjects

Desired / Plus: ACAMS

Languages / Plus: English / French


Business Insight

KYC Department is responsible to perform all the “Know Your Customer” due diligence on existing clients and new clients, ensure the integrity of the client information is maintained and monitored on all referential systems / databases .The department consists of the following teams:
• New Request Team
• Review Team

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 19000WWD
Business unit: SG CIB
Starting date: Immediate
Date of publication: 11/12/2019
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KYC Anomalies Processing Analyst

Permanent contract   |   Montreal   |   Banking Operations