KYC/AML Administrator - 12 Month FTC H/F/X

at  Socit Gnrale

ABOUT THE TEAM:

Societe Generale Securities Services (SGSS) has been active in Ireland for 20 years and is a leading player in servicing Irish domiciled and offshore collective investment vehicles. We act locally as fund administrator and depositary for a wide range of international clients who manage schemes from UCITS to AIFs including private equity and real estate structures, hedge funds and special purpose vehicles.

WORK EXPERIENCE

• Previous experience in a financial service environment is an advantage.
• KYC and AML knowledge
• Knowledge and understanding of Irish Compliance
• A sound working knowledge and understanding of traditional and alternative investment fund administration.
• A full appreciation of the Irish and non-Irish fund regulatory environment - especially in relation to the regulations applying to fund administration.

EDUCATION

• Degree required

RESPONSIBILITIES

Societe Generale is one of Europe’s leading financial services groups and a major player in the economy for over 160 years, we support 25 million clients every day with more than 126,000 staff in 65 countries
Our Group draws on our European roots to develop our business internationally. Our unique geographic positioning enables us to connect Europe and Africa with major global financial centres in Asia and the Americas.
The Group combines financial strength, proven expertise in innovation and a sustainable growth strategy with the objective of creating value for all our stakeholders. We seek to be a trusted partner in the projects of those building tomorrow’s world today.

SUMMARY OF KEY PURPOSES OF THE ROLE:

Reporting to the Fund Processing Services (FPS) Head of Operations with strong interactions with senior management and the Risk & Compliance department, the Investors KYC / AML Officer is responsible for, amongst other things:

• Performing KYC / AML checks on shareholders of the client funds;
• Remediating existing Client files in line with SGSS periodic review policy
• Overseeing the legal and regulatory environment with specific focus on Anti Money Laundering (AML) Regulations / FATCA and their implementation within the Transfer Agency perimeter, and;
• Implementing and maintaining robust processes for the function covered.

RESPONSIBILITIES:

• Review of account opening documentation including analytical risk assessment for new client accounts within agreed time frames
• Pre-Validation of Risk Assessment form on behalf of the business
• Support the Registration, Compliance and Risk team in the resolution of complex KYC/AML cases
• Liaise with Compliance Officers of clients in case of escalation (MANCOs)
• Periodically evaluate existing Clients’ Risk according to established policies and procedures and liaise with MANCOs for validating high-risk client accounts
• Performing negative media searches on Investor accounts
• Investigating and reporting high-risk clients, including Politically Exposed Persons, collecting all the necessary documentation to complete the client file
• Review and respond to KYC/AML related queries across all clients within agreed time frames
• Run, review and update KYC/AML reports and provide these reports to Clients and Regulatory Authorities
• Based on guidelines defined by CFT following the regulatory watch on new directives, laws and regulations related to KYC/AML, define how to implement those guidelines from an operational point of view
• Provide explanations / training on regulatory requirements (to internal and external stakeholders)
• Implement and keep up to date procedures that ensure the team is compliant with all KYC/AML and Financial Crimes prevention policies
• Contribute to and prepare/discuss AML reviews as required by Compliance and by the business
• Manage relationships and provide support to internal stakeholders; Transfer Agency & Compliance departments, Clients
• Performing investigations where there are ML/CTF suspicions regarding Clients and escalating findings clearly and concisely for internal review by Compliance & MLRO

Very good knowledge in the following fields would constitute a definite asset for this role:

• Local anti-money laundering laws, rules and regulations, in particular circulars and laws issued by Irish Regulator
• Compliance, AML and data privacy experience or other related experience, e.g. legal, risk management, audit, GDPR etc.
• General regulatory requirements and an ability to translate them into operational/process requirements
• ISAE 3402/SSAE16/Long Form Report and other Audit experience (internal/external)
• FATCA and CRS regulation