Organization Unit Purpose

• The RBWM Governance HRA team is part of Retail Governance to undertake the compliance operations activities.
• The unit is responsible for the pre on boarding reviews of the high and Special risk accounts referred by the business units, PRB/ BUB/ PSB
• The unit exists for carrying out the enhanced due diligence activities and customer screening to protect and mitigate the Compliance and Sanctions related risks for the Retail Bank.
• The unit is required to carry out the CDD on the existing customers, New to Bank customers from Safe watch perspective and also for investment perspective.

Job Purpose

• To review and approve the new to bank/ existing customer requests from AML/ CTF and Sanctions perspective for Individual & Company accounts.
• To review and approve the new to bank/ existing customer requests from Safewatch/Firco soft screening perspective.
• To review and initiate for approval of new to bank/ existing customer requests for clearance from Group Compliance’s ‘online watch list check’ (OWC) perspective.
• To perform Enhanced due diligence checks on the investments/portfolio account opening request & Request of Change of Nationality proceeding from the different Business units in RBWM.
• Review of the OWC delisting activity and assist Business units in getting GC approvals. Measured by the TAT adherence
• Review of retention cases by carrying out EDD and carrying additional due diligence checks to assist the Head of HRA team
• To carry out the trigger based reviews and Central Bank queries as and when received
• To review and assist in conducting due diligence checks (EDD) pertaining to Domestic PEP & Foreign PEP (Politically exposed persons) at the time of onboarding and annually.
• Provides support to ensure that various units within RBWM are compliant with the bank’s internal policies, external imperatives and regulatory environment.
• Works closely with other support functions to ensure Service Level Agreements are in place and measure performance through MIS reports.
• Ensure follow up support on compliance projects and ongoing compliance issues and data cleanup activities.
• Support Manager High Risk Account Opening Team in preparation of agenda items and action items for various meetings on HRA activities, audit and Compliance related issues.