For over 75 years Citco has developed an ethos of service excellence and partnership in corporate fiduciary and administration that our clients rely upon. Through our global office network we provide a full suite of corporate administrative services to set up, administer and maintain corporate entities throughout their life cycle. Working with our Citco Corporate Solutions team, you will work with multinationals, corporates and private clients to provide critical support that helps them meet the increasing regulatory and compliance requirements that shape the industry.

Job description

The KYC manager is part of the 1st line of defense in cooperation with the client facing teams. The manager ensures that all clients serviced by the Uruguay business teams servicing Citco client portfolio have fulfilled the Citco Customer Due Diligence (“CDD”) requirements. These requirements include the applicable policies and guidelines, AML and anti-terrorist financing legislation,as well as BVI and other regulatory legislation and guidelines as issued by the BVI and other Financial Services Commission (FSC). Also, the supervisor will play a key role in business acceptance, overall CDD monitoring and assisting the business teams on meeting their compliance obligations, both internally as externally. The function is responsible for providing general support to the office and following up on KYC/AML matters. The Manager has a reporting line to local management. The Manager, KYC/AML will work closely with KYC/AML Manager of Citco BVI and other jurisdictions (as applicable) and the Head of KYC/AML and OCM of the Citco Corporate Solutions division of The Citco Group of Companies.

Tasks and responsibilities

• You will assist in writing procedures, develop forms and keep such procedures and forms up to date with new developments
• Responsible for all CDD requirements to on-board new clients within the client servicing teams, including communicating with and advising clients, colleagues and other Citco offices worldwide on the necessary CDD requirements 
• Maintain an overview of completeness of CDD files and monitor the actions taken to complete CDD files 
• Monitor the process of populating, updating and completeness of relevant internal systems with CDD (e.g., ViewPoint), client and compliance related information and documentation 
• Maintain an overview of high risk relationships including PEP or a Banker as beneficial owner and coordinate that approvals for such relationships are timely obtained 
• Assist the client servicing teams with transaction monitoring and reporting of suspicious and/or unusual transactions (“STR”).
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• Support our marketing and sales efforts by advising our marketing and sales team(s) on compliance related developments and consequent CDD requirements 
• Coordinate and monitor the obligatory periodical reviews of CDD files to ensure continuous due diligence has been performed and Citco and BVI and other jurisdictions (as applicable) standards are complied with 
• Assist in coordinating and monitor, clear and/or verify possible matches as generated by the Fircosoft system 
• Assist in providing training to employees on KYC/AML/risk related matters (policy, legislation and procedures)
• Liaise with KYC/AML Manager of BVI and other jurisdictions (as applicable) on a variety of compliance related matters 
• Together with 2nd line Compliance, keep informed as to present and future legislation and regulatory developments in the relevant jurisdictions
• Complete and file reports to Local Management and KYC/AML Manager of BVI and other jurisdictions (as applicable), Divisional management/Divisional Head of KYC/AML and OCM/ Divisional Compliance when required 
• Supervise the KYC/AML team and the work performed by the team 
• Make use of available tools in order to guide and develop the team 
• Maintain a professional and motivating working environment 
• Allocate team resources effectively and efficiently within their area of responsibility 
• Meet or exceed internal and external quality standards for exceptional customer service 
• Any other duties which the organization may require as part of the business of Citco Uruguay 
• Coordinate and monitor the implementation of Document Retention Policy (Destruction policy) 
• Assist Management with preparing and undergoing yearly internal and external audits.

Requirements

• You have a Bachelor’s or Master’s degree in Law or MER
• 5 years’ experience in compliance or KYC/AML environment 
• 5 years’ experience in managing staff and managing operations 
• Excellent knowledge of compliance and regulatory issues including FATCA, CRS, KYC and AML policies 
• Proven track record in successfully advising on KYC/AML policies and procedures, Solid understanding of AML and CTF framework 
• Knowledge of recent legislative developments (e.g., FATCA, CRS, etc.) 
• Excellent MS Office skills, compliance qualification(s) is an advantage 
• Strong research and innovative and analytical skills 
• Excellent (interpersonal) communication skills, both verbal and written (English and Spanish) 
• Good planning and time management/prioritization skills 
• Proven Project Management skills 
• Ability to work in a team and autonomously as well as liaising with other department within a large organization • Strong sense of responsibility 
• Service minded and flexible attitude 
• Able to deal with competing pressures, Self-motivated , Proactive attitude and willingness to put forth suggestions for constructive improvement in provision of service.

Key Competencies:  Business acumen • Compliance and risk management • Project management • Decision making • Client relationship management • Leadership • Communication • Developing working relationships • Organization and resource management • Drive for results • Productivity.

Work Modality

40 Hours a week| On site.

This job posting includes the candidates registered in the National Registry of Persons with Disabilities, who meet the conditions and suitability for the position described in accordance with the provisions of Law Number 19.691