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KYC Team Lead

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ING

Nov 7

  • Job
    Full-time
    Senior Level
  • Manila
  • Quick Apply

AI generated summary

  • You should have leadership skills, KYC experience, strong analytical abilities, knowledge of regulatory standards, and excellent communication skills.
  • You will lead a team, ensure compliance with global standards, manage client files, and conduct due diligence by collecting and monitoring customer identity and business documentation.

Requirements

  • The job requirements are not explicitly stated in the provided job posting.

Responsibilities

  • Leads a team, sets the standards for their area and takes responsibility for developing, innovating and safeguarding knowledge in their area.
  • Coordinates, delegates, creates and/or updates client files to global standards, collects and monitors all relevant documents concerning the identity of the customer, as well as gaining insight into their business, ownership structure and financial transactions to protect ING and its customers through the execution of client due diligence in accordance with ING standards.

FAQs

What are the primary responsibilities of the KYC Team Lead?

The KYC Team Lead is responsible for leading a team, setting standards for the area, developing and safeguarding knowledge, coordinating and delegating tasks, and updating client files in accordance with global standards.

What does KYC stand for?

KYC stands for "Know Your Customer," which involves gathering and verifying client information to prevent fraud and ensure compliance with regulatory standards.

What does the role involve in terms of client due diligence?

The role involves executing client due diligence by collecting and monitoring relevant documents concerning the identity of customers, their business operations, ownership structure, and financial transactions.

What standards must be followed in this role?

The KYC Team Lead must follow ING's standards for client due diligence, ensuring all processes are compliant with global requirements.

Is there a focus on innovation in this role?

Yes, the KYC Team Lead is expected to drive innovation and develop new methods for safeguarding knowledge within their team.

How does the KYC Team Lead contribute to risk management?

The KYC Team Lead contributes to risk management by ensuring thorough client due diligence processes are followed, thereby protecting ING and its customers from potential fraud or regulatory breaches.

What type of documents are collected as part of the KYC process?

The documents collected include identification verification, business documentation, ownership structure details, and records of financial transactions.

What skills are important for someone in this position?

Important skills include leadership, attention to detail, strong communication, analytical thinking, and a deep understanding of regulatory compliance in KYC processes.

Are there opportunities for professional development in this role?

Yes, the KYC Team Lead position offers opportunities for professional development through training and exposure to best practices in KYC and compliance.

What is the importance of understanding the customer's ownership structure?

Understanding the customer's ownership structure is crucial for identifying potential risks and ensuring compliance with anti-money laundering regulations and other financial crime prevention measures.

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ING

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.