HNW Compliance Officer - KYC

  • Competitive
  • Saint Petersburg, FL, USA
  • Permanent, Full time
  • Franklin Templeton Investments
  • 18 Feb 18 2018-02-18

HNW Compliance Officer - KYC

At Franklin Templeton Investments, we are dedicated to delivering strong results and exceptional service to clients, team members and business partners. Over 9,000 employees working in 60 offices around the world are dedicated to servicing investment solutions for our clients in more than 150 countries. For over 65 years, our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.

The Compliance Officer will be the subject matter expert on the Know Your Client (KYC) and other Anti-Money Laundering functions of Fiduciary Trust Company International, a subsidiary of Franklin Templeton Investments, including the Bank Secrecy Act/Anti-Money Laundering, the USA PATRIOT Act, Office of Foreign Assets Control, 314 a/b as well as other regulations to which FTCI is subject. The Compliance Officer is expected to be engaged with the overall AML program of FTCI; however, responsibilities will focus on KYC Validation.

The Compliance Officer HNW will manage documentation processing reviews for new accounts and existing clients and ensure that all required documents are on file to ensure compliance with regulatory requirements including Office of Foreign Assets Control, the USA PATRIOT Act and other BSA/AML regulation. The Compliance Officer HNW will collaborate with the front office personnel in order to process their KYC requests as quickly and efficiently as possible including providing guidance in their legal and regulatory obligation for client due diligence.
The Compliance Officer HNW will ensure that any deficiencies or issues are escalated to Bank Secrecy Act/OFAC Officer on a timely basis and distributed on a monthly basis to Compliance and Senior Management for review.

The Compliance Officer will interact with all levels of management as well as Internal and External Auditors.

Job Duties:

  • Conduct KYC Reviews as well as conduct quality assurance reviews of reviews performed by staff.
  • Be proficient in review of complex legal entity structures, private investment companies, and Politically Exposed Persons or other high risk relationships.
  • Liaise with the AML Transaction Monitoring Manager to ensure that KYC policies and risk rating programs are implemented in conjunction with FTCI's Transaction Monitoring programs.
  • Report to the Head of AML and act as team lead to employees responsible for the KYC/AML Validation.
  • Identify and resolve any issues in the onboarding/AML process.
  • Plan, coordinate and direct the Bank Secrecy Act functions and related policies, procedures, training and compliance regime.
  • Develop policies for various businesses as required by regulatory standards.
  • Direct substantive communication requirements to the businesses with respect to KYC/AML including reports and MIS.
  • Decision potential matches against various regulatory control lists (including OFAC) and Regulatory Data Corporation and provide guidance, as required, in decision making process.
  • Provide regulatory guidance on a case by case basis with respect to clients and/or their activity who / which pose AML risks. Ensure that appropriate due diligence is conducted and informed decisions are made with respect to such clients and activity.
  • Provide oversight and guidance for training requirements necessary to meet regulatory requirements.
  • Coordinate and administer KYC/AML training and monitor effectiveness.
  • Monitor staff performance measurements and provide timely feedback to staff.
  • Ensure staff is effectively trained to execute their daily responsibilities.
  • Ensure all management reporting is complete, timely and accurate.
  • Establish and maintain quality standards for work performed by the Compliance Team.
  • Prepare and distribute various MIS tracking developed by the Compliance Team.
  • Oversee progress with respect to compliance projects and deliverables assigned to the Compliance Team.
  • Working with senior management to develop compliance goals and overseeing the business units' efforts to achieve compliance with such goals.
  • Assist with the development of new software tools to assist in the Transaction Monitoring Program/KYC Programs.
  • Participate in the Bank Compliance Committee meetings and make presentations to Senior Management specific to KYC/AML and regulatory items.


Qualifications
Requirements:
  • Requires a bachelor's degree or equivalent training.
  • 10 (+) years experience in financial services private banking and wealth management industry.
  • Comprehensive understanding of KYC, AML/Transaction Monitoring, OFAC and the USA PATRIOT act are required.
  • Prior Management experience a plus.
  • Compliance experience including knowledge of required legal governing documents for legal entities and knowledge of the Know Your Client/Anti-Money Laundering/ Bank Secrecy Act/ US Patriot Act requirements required.
  • Ability to trouble-shoot and resolve KYC/AML issues in a timely manner.
  • Ability to guide and advise business on KYC/AML issues.
  • PC proficient (MS office) especially Excel, Access, and extensive knowledge on performing internet searches.
  • Strong verbal, written, interpersonal, and public speaking skills.
  • Ability to multi-task and prioritize daily work responsibilities.
LICENSES AND CERTIFICATIONS
  • ACAMS Anti-Money Laundering Certification desired
What makes Franklin Templeton Investments unique?

In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards -the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.

Highlights of our benefits include:
  • Three weeks paid time off the first year
  • Medical, dental and vision insurance
  • 401(k) Retirement Plan with 75% company match, up to the IRS limits
  • Employee Stock Investment Program
  • Tuition Assistance Program
  • Purchase of company funds with no sales charge
  • Onsite fitness center and recreation center*
  • Onsite cafeteria*
  • *Only applicable at certain locations
  • We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities . An emphasis on corporate citizenship is embedded in our culture and values , and is an important element of how we achieve success.

  • We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals. Take some time to, meet some of our people , and see what it means to say, "I AM Franklin Templeton".

    Franklin Templeton Investments is an Equal Opportunity Employer. We invite you to visit us at http://www.franklintempletoncareers.com/ to learn more about our company and our career opportunities.

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