KYC Signatory - Associate

Core Information:

Position: Signatory - Associate

Department: KYC Americas - Customer Domain Unit

Line Manager: Head of Signatories

Status: Full Time

Location: New York

About ING: 

Ranked #8 on LinkedIn Top Companies in Financial Services

Crain’s 100 Best Places to Work

Ragan’s Top Places to Work in 2023

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. 

 
When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the department:

ING provides banking services and complex financing solutions to companies globally.

To provide a safe banking environment for society and our customers, ING must comply with global Anti-Money Laundering (AML) regulations including maintaining robust Know Your Customer (KYC) controls. As such, we are actively fighting human trafficking, smuggling of drugs and weapons and do make sure international sanctions against countries and regimes are correctly executed within ING.

The KYC team in North America is offering a position in New York for a professional who enjoys working in an international banking environment. The KYC (Know Your Client) department coordinates all KYC related activities across different ING business sectors, both with external clients and internal stakeholders.

The KYC team is crucial in the onboarding of new customers and plays a key role in managing the non-financial risk of the current client portfolio

About the position:

The Customer Domain Unit (CDU) is responsible for the execution of ING’s KYC process for onboardings, periodic refresh, and event driven client reviews. KYC scope includes Customer Due Diligence, FATCA compliance, and Environmental and Social Risk. Reviews are conducted by local staff and outsourced service centers (domestic and international).

Your key responsibilities:

• Quality Control/Four Eyes review of Customer Due Diligence files for:
  • Compliance with USA Patriot Act
  • Compliance with 5th EU AML Directive
  • Compliance with INGs internal AML procedures
  • Quality Control/Four Eyes review of client files for:
  • FATCA and CRS tax compliance
  • Environmental and Social Risk assessments

• Daily, it is translated into the following tasks:
  • Review of the workable files and EOD status
  • Manage target completion and Signatory tracker/workflow/KPI summary
  • Allocate capacity and distribute Signatory huddle agenda

Candidate Profile:

Qualifications/Education:

• Bachelor’s Degree or equivalent
• 3 years working for an international Financial Institution
• 3 years’ experience in Know Your Customer/Anti-Money Laundering
• ACAMS certification preferred.
• Full fluency in English; fluency in Portuguese and/or Spanish is a plus.
• Competency with Microsoft Office Suite; advanced skills are beneficial.

Desired Skills & Abilities:

• Able to multi-task and prioritize tasks.
• Able to act with a sense of urgency while maintaining composure and professionalism.
• Confidence to interface with Front Office and Senior level stakeholders
• Flexibility to work collaboratively or independently depending on the situation.

Salary range: $115K – $140K

In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with working from home, commuting, and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.