KYC Team Leader

Location

Mumbai

Business Area

Legal, Compliance, and Risk

Ref #

Description & Requirements
Bloomberg's Legal and Compliance Department plays a critical role in supporting our businesses and operations around the world. We move quickly and thoughtfully to help address a variety of complex legal and compliance issues that come with being the world's leading financial news and information company. Our team is made up of talented and hardworking professionals who think creatively and work collaboratively in an open environment to deliver results, drive innovation, and solve difficult problems. Diversity and inclusion are essential to our success, and we strive to maintain an environment where our employees are empowered to make an impact. We also recognize the value and importance of giving back to our communities, as evidenced by our award-winning pro bono program.

The Financial Crimes Compliance Function within Bloomberg's Legal and Compliance Department provides coverage of Bloomberg's regulated entities and products, as well as support for Bloomberg's non-regulated products and services. We work to address regulatory issues, ensure compliance with current/developing rules and regulations, and correspond with regulators. Bloomberg has regulated activities that include regulated trading venues (e.g. U.K. Multilateral Trading Facility, U.S. Swap Execution Facility), a Recognized Market Operator in Singapore, Electronic Trading services, and other regulated offerings globally.

The Role
Based in Mumbai, this is a great opportunity to lead and establish a successful and dynamic Know Your Customer ("KYC") Team.

The role would involve close partnership with the Company's Global Anti-Money Laundering (AML) team as well as with global Compliance teams, focused on global entities and customers. The individual will be responsible for the day-to-day management of a team of 9-15 KYC Analysts and support the foundation, development and growth of the KYC team and function as it expands to meet and support business requirements of the regulated entities within the Bloomberg group. The KYC team will be primarily responsible for the Periodic Reviews and associated ongoing maintenance of the global client base. This role will oversee the functional management of the team and provide ongoing support to the business and AML Compliance in relation to Periodic Reviews and other KYC reviews as necessary. The KYC Team Leader will interface with other operational and front office business functions and partners.

The individual should have a deep understanding of the end-to-end Customer Due Diligence ("CDD") process and be well versed with legal entity types. An ideal candidate must demonstrate strong competent knowledge of global KYC requirements and the relevant financial industry know-how concerning CDD standards.

We'll Trust You To

• Lead the KYC team in Mumbai, including coverage, oversight and support for our global clients
• Act as a subject matter expert and as a point of escalation for regional KYC and operational issues
• Act as a business partner and subject matter expert for KYC Periodic Review concerns raised and provide quality assurance oversight
• Develop and conduct training for team members as and when necessary as well as assist in the creation and delivery of KYC/AML training to key business areas
• Perform various other team management responsibilities
• Have a strong working knowledge of KYC/AML requirements, including but not limited to the local regulations in APAC (Singapore, Hong Kong, Australia, India and Malaysia), Europe (UK, EU) and the US
• Manage day-to-day client reviews pipeline and workflow
• Prepare and distribute Management Information reports to the relevant Compliance groups and various business partners
• Serve as a point of contact for the business with regard to the Periodic Review KYC process and client status queries
• Advise and assist with client queries
• Provide advice and support to the relevant product Compliance teams on complex KYC/AML issues and challenges
• Represent the KYC/AML function on key strategic projects and initiatives as needed
• Identify and assess key risk factors when considering the ML/TF risk relevant to clients, products or business lines and escalate where needed
• Monitor ongoing legal and/or regulatory changes and assess impacts

You'll Need To Have

• Bachelor's degree or degree-equivalent qualifications
• Minimum 7 years of relevant industry experience in the AML/KYC area and at least 5 years of previous experience leading a large (5+) team of KYC Analysts
• Subject matter expertise within the KYC/CDD area
• Demonstrated expert knowledge of legal entity types and KYC requirements for more than one region
• Desire to work in a dynamic, open-plan environment, where self-motivation, collaboration and cooperation are both key
• Strong relationship building skills and ability to engage with senior stakeholders across the Company
• Proven track record in leading high-performing teams
• Fluency in both written and spoken English
• Demonstrated continuous career growth within an organisation

We'd Love To See

• Previous experience in creating the centralized team to provide support for the onshore head office (in Financial Services sector)
• Previous experience in working closely with the AML Compliance function
• In-House Financial Services experience
• Involvement in implementing KYC technology based solutions

If This Sounds Like You
Apply if you think we're a good match. We'll get in touch to let you know what the next steps are, but in the meantime feel free to have a look at this:

Why Bloomberg?
We're individuals with diverse backgrounds, talents, and experiences who take on big challenges and create even bigger impact through our work. We're interested in what makes you you, and how we can create opportunities for you to channel your unique, personal energy and grow to your fullest potential.

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