Tide is hiring for the position of KYC Policy and Procedure Lead. Here you are given complete information about KYC Policy and Procedure Lead. You must read the full article for related information.

KYC Policy And Procedure Lead Overview

Company Name Tide
Post Name KYC Policy & Procedure Lead
Job Type Full-time
Job Function Financial Crime and KYC
Location Delhi NCR, Hybrid
Experience Freshers
Job Category Private Jobs
Salary Up to 5,00,000 PA
Official Website tide.co
KYC Policy And Procedure Lead

About Tide

KYC Policy and Procedure Lead

Tide (Tide Platform Limited) is a UK financial technology company providing mobile-first banking services for small and medium-sized enterprises. It enables businesses to set up a current account and get instant access to various financial services (including automated bookkeeping and integrated invoicing). Established in 2015, Tide is one of the first digital-only finance platforms in the UK to provide current accounts for businesses. As of 2020, it had offices in London (headquarters), Sofia (Bulgaria), Hyderabad, Delhi.

Tide has created a set of finance tools for small business owners. Customers can open business current accounts straight from their mobile phone by scanning an ID, and are sent a Mastercard debit card to use for business transactions.Tide business service is available on iPhone and Android devices, and on desktop computers.

The firm also offers an automated bookkeeping service and integrated invoicing. Tide developed an API that allows integrations with the loan provider iwoca, and with accounting software such as Xero, FreeAgent, ReckonOne and Sage. Tide was one of five fintech disruptors to launch Xero Bank Feed integration, alongside Starling Bank, TransferWise, Revolut and Soldo. Tide has partnerships with PayPoint and with the Post Office to facilitate cash deposit services.

Job Description – KYC Policy And Procedure Lead

KYC Policy and Procedure Lead

As a KYC Policy & Procedure Lead for India Operations, you would be working on drafting and standardizing key operations policies like KYC, Risk, etc. You’ll be responsible for conducting research, implementing industry best practices and ensuring adherence to all regulatory requirements (RBI and others) while policy & procedure writing.

You will be a deep subject matter expert in relevant KYC, AML & Financial Crime regulation and be able to interpret relevant regulations and advise on Tide’s approach to meeting them and balancing Tide’s risk appetite and commercial objectives.

You will work closely with the KYC Product function to ensure policies and procedures are correctly translated into product delivery and with the Training and QA function to ensure they are correctly translated into manual processes.

You will also work collaboratively with the 2nd Line of defence to agree policy approach and be able to challenge 2nd LOD recommendations where you believe they are excessive (or indeed not rigorous enough). You’ll support the Head of KYC, KYC Team and the Lead Product Owner with prioritization of work, based on regulatory requirements and risk to Tide.

Responsibilities – KYC Policy And Procedure Lead

  • Documenting and implementing key operations policies like KYC, AML, Risk, Operations etc. as per products & in line with regulatory bodies and are as per stakeholders agreements.
  • Assessing the efficacy of current policies and procedures – Examining current procedures to ensure they adhere to existing policy and working with teams to agree on and execute modifications to build efficiency.
  • Writing end to end Policy, procedures, regulatory research, analysis, presentation & execution.
  • Interpreting regulations and advising the Head of KYC & KYC Team .
  • Advising KYC product teams and ensuring that new product build is regulation and policy compliant.
  • Collaborating with 2nd LOD to agree policy changes and constructively challenge where necessary.
  • Providing support with audits and oversight from banking partners.
  • Working with 2LoD Compliance to implement new regulatory requirements within KYC.

Requirements – KYC Policy And Procedure Lead

  • You have a strong understanding of KYC & financial crime including AML controls, terrorist financing, CDD, EDD, watchlists, sanctions and PEP and stay abreast of changes to regulations.
  • You are well versed with RBI polies (e.g. PPI, Master KYC guidelines, PMLA, RBI policies etc. for reference).
  • You have knowledge of transaction fraud and risk in banking & cards.
  • You are familiar with industry standards, best practices in KYC, financial crime and risk management.
  • You have the ability to clearly articulate the regulatory risks and trade-offs with different process and procedure options.
  • You have experience in business banking in a regulated environment/ credit cards/ payments/ fintech.
  • You are pragmatic and look to find solutions that balance meeting regulatory and internal policy requirements with providing excellent customer service to our members and meeting commercial objectives.
  • You have the ability to write great, easy to read and digestible policies and procedures which are easily understandable at all level within organization.
  • You have experience in policy & procedures writing.
  • You are a MBA graduate (preferred).
  • You are a quick learner, explorer, multitasker and flexible with work profile.
  • You are used to challenging senior stakeholders and remain robust when challenged.
  • You are willing to on work weekends or as and when required.
  • You are comfortable working a in dynamic environment which includes change, debate, conflict etc.
  • You are a multi-tasker who can manage multiple streams of work simultaneously.

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KYC Policy and Procedure Lead