Avp - Account Onboarding

Job Title: AVP - Account Onboarding
Location: Mumbai

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

Hybrid Working

Please discuss the detail of the working pattern options for the role with the hiring manager.

Introduction:
This is an AVP role within India Domestic Operations to provide operational support to CB, PB and IB clients

What will you be doing?

The core activities/responsibilities for this function are mentioned below
- Fair knowledge of global diligence requirements including source of wealth, FATCA / CRS, CKYC regulation
- Ensure BAU is performed as per the SLA and in controlled manner to avoid any errors or audit observations
- Work with the team on daily work allocation, prioritization of records & Adhoc activities to avoid delays or escalations
- Ensure implementation timely implementation of regulatory requirements and/or process changes through a very tight and efficient Change management control
- Timely escalate any break in processes or controls
- Support accurate and timely submission of applicable regulators reports
- Support product/Business management team in setting up any new operational processes for new products.
- Recommend, Develop and Implement scalable solutions to drive process efficiencies & automation
- Proactive identification of gaps in adherence of the Group CDD procedures and local process requirements and escalating it to the appropriate Senior Management forums or key stakeholders.
- Raising ORAC for risk events and issue details identified within the CDD team and tracking them for closure
- Drive Mind-set and People agenda (Skill matrix, cross training, citizenship, Colleague engagement forum)
- Explore automation scope and work in partnership with technology and other stakeholders for delivery and implementation
- Preparing decks with relevant and meaningful updates for multiple senior management forums/calls
- Closely work with Ops Rigour to implement strong controls in process, timely completion of all required submissions to CCO and periodic snap check of Ops areas
- Monitor and improve performance of team & Organize workflow/set priorities/monitor activity/ensure timely completion of work
- Ensuring and Adherence to Risk Management and Control framework and AML guidelines
- Provide guidance and training to the KYC Onboarding and Ongoing Review teams.
- Strong time management skills to complete complex, business critical tasks and ensuring the Team meets all target SLA’s, and providing a quick and efficient service to Clients.
- Ensure compliance with Internal standards and guidelines & regulatory compliance
- Take responsibility for maintaining a high standard of accurate, up-to date client information during all stages of the Client relationship
- Strong problem solving and team management skills
- Excellent communication skills to interact professionally and, supporting the Relationship Team in delivering excellent Client service.
- High level of attention to detail to complete tasks ‘right first time’
- Assist in the management of the enhanced due diligence requests.
- Preparing and circulating various MIS to stakeholders, followup for resolution of any deviations/deferrals.
- Participating in various activities planned for version upgrade of core banking system

What we’re looking for:

- A very strong understanding on elements of Know Your client (KYC) and PMLA guidelines.
- Solid analytical skills with ability to prepare reports/resolve problems
- Operate effectively in a dynamic environment with tight deadlines, and can prioritize one’s own work to achieve them
- Proven track record in Client Due Diligence, Business Process Design and Analysis

Skills that will help you in the role:

- Post Graduate and any specific accreditation in KYC/AML/Risk and Controls etc.
- Experience in Client on-boarding role
- Business Skills: Including deliver solutions and decision making
- Personal & Interpersonal Skills: Including communication & influence and collaboration
- Knowledge of RBI regulations pertaining AML,KYCand Account opening
- Understanding of operating advanced excel tools

Where will you be working?
Mumbai

Be More at Barclays
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.
Purpose, Values and Mindset

We deploy finance responsibly to support people and businesses, act