Regulatory Control Specialist
4 weeks ago
Job Title: Regulatory Control Specialist
Job Summary:
F335 Deutsche India Private Limited, Bangalore Branch is seeking a highly skilled Regulatory Control Specialist to join our team. As a Regulatory Control Specialist, you will be responsible for implementing and maintaining effective anti-money laundering (AML) and know-your-customer (KYC) controls to prevent financial crime.
Key Responsibilities:
- Review and approve client escalations for remediation, regular review, new product extensions, and event-driven reviews within agreed service level agreements (SLAs).
- Ensure generated client risk ratings are in line with expectations and procedures.
- Assess risk factors identified through due diligence provided by client lifecycle management (CLM).
- Apply subject matter expertise judgment to assess relevance and materiality of escalation triggers.
- Engage with appropriate business lines and financial crime specialist teams where further escalation is required.
- Liaise with CLM to obtain additional information or request additional research where required.
- Ensure outcomes and rationales are clearly documented within KYC systems and/or escalated for further guidance.
- Ensure KYC reviews are in line with key operating procedures (KOPs) guidelines and processes.
Requirements:
- Graduate with any stream and at least 6-7 years' experience in AFC or a related control function within an international organization/bank in the financial services industry with extensive experience with the KYC process.
- Strong understanding of AFC risks and typologies to identify areas or instances of potential AFC risks and address them appropriately.
- Experience of relevant regulations/laws and related circulars.
- Financial crime function expertise and considered a subject matter expert (SME) in the financial crime area on relevant laws and regulations.
What We Offer:
- Training and development to help you excel in your career.
- Coaching and support from experts in your team.
- A culture of continuous learning to aid progression.
- A range of flexible benefits that you can tailor to suit your needs.
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