KYC Expert - Associate

Core Information:

Corporate Title: Associate

Department: KYC Americas

Line Manager: KYC Manger for Private Equity & Capital Markets & Advisory

Status: Full Time

About ING:

Ranked #8 on LinkedIn Top Companies in Financial Services

Crain’s 100 Best Places to Work

Ragan’s Top Places to Work in 2023

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. 

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

The Opportunity:

ING provides banking services and complex financing solutions to companies globally.

The KYC for Sectors team in North America is offering a position in New York for a professional who enjoys working in an international banking environment. KYC for Sectors is part of the front office organisation and coordinates all KYC related activities across the different sectors, both with clients and internal stakeholders.

The KYC team is crucial in the onboarding of new customers and plays a key role in managing the non-financial risk of the current client portfolio.

As a KYC expert, you will work closely with commercial front office colleagues, our customer domain unit and the 2nd line of defence.

Main Duties and Responsibilities of Role:

Your role and work environment:

• You work closely with your Front Office colleagues performing various client and regulatory related tasks.
• You act as liaison between origination teams and other departments (Risk, Compliance, Audit, Finance, etc.) with respect to regulatory projects, internal policies and compliance on an ongoing basis.

Your key responsibilities:

• Obtain, review, and submit necessary information and documents for client onboarding and KYC Remediation.
• Track the KYC file status and other client record activities to ensure timely completion.
• Independently manage multiple simultaneous requests, relevant to client data maintenance.
• Address queries promptly and assist with problem-solving related to matters received from various stakeholders.
• Serve as a Subject Matter Expert (SME), maintain a working knowledge of global and local KYC policies and procedures.
• Contribute to the enhancement of both global and local Know Your Customer (KYC) assessments, by providing recommendations to improve the client review process and offering support for projects aimed at increasing process efficiency.

Profile:

Qualifications / Education:

Bachelor degree: finance/economics/accounting and/ or similar work experience will be considered;

Experience / Knowledge:

Essential (Associate): You have (3 - 6 years) experience of working in a regulatory or KYC function with the ability to work independently with minimal oversight

Desirable: Knowledge of regulatory and compliance policies

Competencies:

• A proactive ‘take it on and make it happen’ mentality
• Ability to work independently, prioritize tasks and take ownership
• Organized with high attention to detail utilizing Microsoft suite
• Comfortable with policies and regulation, or an ability to learn and grow in this area of expertise to become an expert in the team
• Positive attitude towards change and ability to adjust to dynamic business environment
• Collaborative focus, team player
• Strong communication skills                                                                         
• Fluent in English, both verbally and written

Base Salary Range: $110K - $135K

In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with working from home, commuting, and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.