The Lead Compliance CDD Officer is responsible for overseeing and enhancing the Know Your Customer (KYC) and Customer Due Diligence (CDD) processes to ensure compliance with regulatory requirements (e.g., KYC, AML, FATCA). This role involves conducting in-depth reviews of high-risk clients, mentoring junior staff, and implementing best practices to mitigate financial crime risks.
1. **KYC & CDD Management:**
- Conduct enhanced due diligence (EDD) on high-risk clients (PEPs, complex corporate structures, sanctions exposure, etc.).
- Review and approve client onboarding and KYC update files, ensuring compliance with KYC/AML/CFT regulations.
2. **Regulatory Compliance:**
- Stay updated on global KYC/AML regulations (e.g., FATF, OFAC, local laws & Regulations).
- Ensure adherence to internal policies and external regulatory standards.
3. **Risk Mitigation & Reporting:**
- Identify and escalate suspicious activity (SARs/STRs) to the MLRO.
- Analyze trends in financial crime risks and recommend process improvements.
4. **Stakeholder Collaboration:**
- Liaise with other stakeholders to resolve compliance issues.
- Support audits and regulatory inspections by providing KYC documentation.
5. **Leadership & Training:**
- Mentor junior KYC analysts and provide guidance on complex cases.
- support in Develop and deliver compliance training to staff.
**Education:** Bachelor’s degree in Law, Finance, Business, or related field. CAMS, ICA Diploma, or equivalent certification preferred.
- **Experience:** 5+ years in KYC/AML compliance, preferably in banking.
- **Soft Skills:** Analytical mindset, attention to detail, and ability to communicate complex regulations clearly.
**Performance Metrics**
- Accuracy and timeliness of KYC reviews.
- Reduction in compliance deficiencies.
- Feedback from internal stakeholders and auditors