Avp

Job Title: AVP
Location: Chennai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

Working Flexibly
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.
If you would like some flexibility, then please discuss this with the hiring manager.

Introduction:
KYC is part of the Client Onboarding Team, which is part of Global Operations Division and supports a wide variety of activities across a range of financial markets within Asia Pacific. The Group is primarily involved in the initial stages of client on-boarding, and ensuring that the appropriate Customer Due Diligence is performed in preserving the reputation of the bank.
A KYC Onboarding Manager is a strong leader with Business & AML knowledge, commercial awareness, stakeholder management, risk awareness and control mindset. The Manager is primarily responsible for ensuring that new client relationships undergo appropriate due diligence as mandated by the Barclays Global Customer Due Diligence and Onboarding Procedures. While the primary role is to protect the bank from AML risk, a KYC Manager must understand the service element provided to the Business, thereby adhering to committed SLAs.
The Manager will support delivery of metrics for the KYC milestone as well as manage BAU oversight and project management tasks. The Manager oversees the workload of a team of analysts who process KYC reviews for new clients and will be responsible for guidance around the workflow and serving as the point person for escalations or queries around the work produced within the team.

What will you be doing?
- Key focus on accuracy and KYC cycle time on a regular basis. Key focus on streamlining process standards and introducing best practices.
- Manage the Performance of the required KYC screening on existing clients by ensuring all documentation and corroboration information is on file per the Global KYC procedures.
- Analyze Client data, documentation and negative news in order to determine Client Risk Profile as established under the Global KYC Procedures.
- Collaborate with CIBD Group’s counterparts worldwide on global requests, procedure reviews, desk manual review and partner with MLRO (Money laundering risk Officer) on refreshing local appendices
- Review and approve high risk accounts and PEP / negative news information.
- Mitigate flight risk by strengthening team knowledge bank and consistently promoting cross training.
- Capacity and resource planning, which includes load management of headcounts and ensuring zero disruption in service provided to onshore counterparts and business
- Appropriate representation in risk meetings, management round tables, business reviews and other similar meetings
- Host regular 1-1s with POD Leads, SMEs and analysts.
- Liaise with Compliance on specific requirements and regulations arising under special circumstances.
- Work with Client Regulatory and Change Teams to ensure Barclays is in Compliance with local/ Global regulatory requirements.
- Responsible for reviewing and ensuring all required AML / KYC Regulatory requirements for new clients are met.

What we’re looking for:

- Bachelor’s Degree
- Relevant Years AML/KYC Industry experience
- Relevant Years people management experience and in plp management

Skills that will help you in the role:

- Knowledge of Federal Anti-Money Laundering and Sanctions Regulations
- Strong analytical skills and detail oriented
- Strong ability to multi-task and prioritize
- Sound communication skills
- Working knowledge of Microsoft Office Suite of products
- Adaptable to constant change
- Team player
- Strong leadership and management skills
- Must act on own initiative
- Proactive and positive attitude and desire to make a difference
- Able to develop productive business relationships with senior manageme