Senior Associate/ Delivery Lead- Financial Crime, AML

Key requirements:

i) Very strong on domain,

ii) Very strong on communication,

iii) Ability to work independently and

iv) Joining with 30 to 45 days.

UK shift work hours

PRINCIPAL RESPONSIBILITIES

• Excellent understanding of

  prevailing laws, regulations, and industry norms

  with respect to Anti Money Laundering, Financial Crime and client due diligence requirements and processes
• Demonstrate understanding of firms AML and

  Distributor Oversight Policies

  and procedures as well as systems and technology used in relation to the KYC/ KYD /AML processes.
• Demonstrate intellectual curiosity in respect of continuous learning and development in area of expertise and the wider industry, with an innovative mindset to ensure T Rowe Price stay ahead of development in this specialist area
• Manage various KYC operational aspects including compliance with regulation, policies, upwards management reporting, team KPIs and change projects support when required.
• Act as a subject matter expert and provide strategic guidance on required KYC/KYD documents and processes to onboard and/or renew clients and distributors.
• Responsible for overseeing and providing guidance on the coordination of the end-to-end account opening and distributor onboarding process in respect of KYC/KYD/AML including following up with teams responsible for completing sub-activities and assisting in client conversations from time to time.
• Undertake client/distributor due diligence on a timely basis and ensure they are performed to meet the required quality and detail standards as required by policy & procedures
• Perform risk assessment on clients and distributors, identify and escalate potential risks and operational issues as appropriate, in accordance with set policy and procedures
• Provide initial assessment report to the

  Distributor Governance & Oversight Committee

  (DGOC) on potential risks associated with the distributor relationship, such as jurisdiction, client base, regulatory status
• Ensure KYC documentation and due diligence questionnaires are collated, updated, retained and deleted in line with

  policy and procedures in TRP systems

  including Salesforce and other databases.
• Review, disposition or escalate the PEP and Sanctions screening matches to the

  MLRO/GFCC

  for guidance
• Track the new account and distributor onboarding status and to set and manage the priority of onboarding requests
• Maintaining a record of all clients and distributors with assigned risk ratings, results and dates of last review and to ensure periodic reviews are carried out in a timely manner and in accordance with policy and procedures set by the MLRO/GFCC in respect of Distributor Due Diligence standards
• Identify and escalate operational, regulatory and other risks and red flags to line manager and MLRO/GFCC as appropriate and in a timely manner; contribute to the development and implementation of business processes and controls
• Conduct transaction monitoring reviews and investigations on alerts, liaising with relationship managers where required
• Build strong relationships with partner teams and dependent stakeholders, in particular the MLRO, GFCC and Legal, as well as with clients, distributors and transfer agents
• Own management & resolution of day-to-day operational issues related to KYC/KYD and Distributor Oversight and take the lead on timely resolution of these issues/ escalations, instituting proactive measures to ensure operational effectiveness and resiliency, working in partnership with the MLRO/GFCC where policy is affected
• Maintain a strong working practice of anti-money laundering regulations
• Act as a KYC and AML subject matter resource for KYC Operations team
• Serve as a point of escalation for the first line business.
• Ensure risks and issues are handled in line with agreed policies and procedures and work on continuous improvement plans as required.
• Interface with both our second and third line of defense teams to ensure robust governance and control is achieved.

PERSONAL ATTRIBUTES / SKILLS / QUALIFICATIONS

• 6+ years

  of demonstrable related work experience within an onboarding/ or AML/KYC focused role.
• Excellent written and oral communication skills, with prior experience of successfully working with various stakeholder teams.
• Self-motivated
• Able to work in an extremely fast-paced, high-volume environment that calls for constantly changing priorities
• Strong organizational skills with ability to multi-task and priorities workload accordingly
• Knowledge of fraud, bribery and corruption practice and mitigation desirable.
• A good knowledge of

  AML legislation and requirements.

• A good level of awareness and ability to understand legal corporate entities and corporate group structures.
• Ability to build process to support AML concepts and client focused experience.
• Previous experience working with salesforce, distributors, separate accounts and funds.
• Excellent attention to detail.
• Good interpersonal, relationship building and written / verbal communication skills.