Connecting linkedin



Head of KYC

  • Location

    Los Angeles, CA, USA

  • Sector:

  • Job type:


  • Salary:


  • Contact:

    Remy Corbet

  • Contact email:

  • Salary high:


  • Salary low:


  • Published:

    about 1 year ago

  • Expiry date:


  • Startdate:


A large and rapidly growing banking client of ours in the Los Angeles area is looking to bring on a Head of KYC into the Compliance Department at the bank. This role will report into the Head of BSA/OFAC. 

In this role, at the direction of the BSA/OFAC Officer, you will manage the enhancement and mature of the bank's KYC Unit and KYC Program (including CIP, CDD, EDD, and other specialized due diligence efforts). As well as providing leadership and ongoing support to KYC Unit staff, Business Unit staff, and other stakeholders to ensure established KYC compliance regulations, policies and procedures as well as KYC production inventory (new customers and recertifications) adhere to the established standards of the bank's KYC Program.


Job Duties & Responsibilities

-Responsible for day-to-day oversight of Compliance and Business Unit KYC Program activities

-Responsible for the management and remediation for any assigned regulatory and/or audit issues

-Serve as the BSA/OFAC Departments escalation point for issues related to the interpretation, management and implementation of KYC policy and procedures

-Serve as approver for any new and existing customers requiring secondary review

-Lead enhancements to the bank's KYC program to meet evolving regulatory/legal requirements, self-identified program needs and industry best practices

-Reviews new business strategic initiatives to ensure compliance with established AML Policies/KYC Procedures

-Will assist in the provision of reports/metrics to the BSA/OFAC Officer and senior management

-Have solid engagement and relationship management with banking regulators and internal audit

-Manages all staff functions for personnel assigned to the KYC Unit including the professional development of all staff

-Supports other BSA/OFAC initiatives as required by the BSA/OFAC Officer

-Lead special projects identified by the BSA/OFAC Officer


Job Qualifications/Requirements

-Bachelor’s Degree

-6+ years of KYC/EDD experience

-4 years experience directly managing KYC operational activities

-Strong understanding of USA PATRIOT Act / Bank Secrecy Act regulations and KYC-related industry best practices and experience in ensuring program adheres to the established regulatory framework

-Extensive knowledge of KYC Compliance, including CIP, CDD and EDD as applied to the bank's customer portfolio

-Solid understanding of retail banking, consumer and business lending, treasury, trade and other banking-related business and associated products/services

-Strong knowledge of regulatory authorities (eg. FDlC, California DBO) and relevant enforcement agencies (FinCEN) including guidance and advisory resources issued by them

-Must possess strong interpersonal skills and ability to partner and nurture relationships with key stakeholders throughout the bank to resolve escalations and develop solutions that comport to applicable laws and regulations

-Strong written and verbal communications, attention to detail and effective time management skills

-Ability to research and resolve issues independently while working across teams to acquire information

-Be self-driven and be motivated by the ability to work independently on tasks to successful resolution

-Excellent written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.

-Ability to respond effectively to the most sensitive inquiries or stakeholder complaints

-Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, employees, regulators, or board members.

-Excellent analytical skills including the ability to define problems, collect data, establish facts, and draw conclusions.

-Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

-Ability to make effective and persuasive argument based on analytical data.

-Knowledge of Bank Secrecy Act and USA Patriot Act.

-Knowledge of banking operations, lending or trade finance policies and procedures.

-Knowledge of bank regulations affecting business and consumer accounts.

-Can work effectively both in groups and independently.

-Desire to effectively manage multiple deadlines and tasks/projects