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 request
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
Key Responsibilities
PERSONAL ATTRIBUTES / SKILLS / QUALIFICATIONS
i) Very strong on domain, ii) Very strong on communication, iii) Ability to work independently and iv) Joining with 30 to 45 days.
Role will require UK shift work hours.
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 prioritize workload accordingly
Knowledge of fraud, bribery and corruption practices 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 processes 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
