Treasury & KYC Team Lead

Highlights

Country

Remote

Employment

full-time

Salary

Salary Will be discuss later

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This role is responsible for overseeing the company’s financial operations related to cash management, liquidity, and risk management. This role involves managing daily cash flow, ensuring adequate working capital, and developing strategies for minimizing financial risk. The Treasury Manager will collaborate with internal teams, external banks, and financial institutions to ensure efficient cash operations and meet the company’s financial objectives.

The Treasury & KYC manager is responsible for performing due diligence on customers to ensure compliance with anti-money laundering (AML) regulations, financial crimes laws, and the company’s internal policies. This role involves reviewing customer onboarding and ongoing monitoring processes, verifying customer identities, assessing potential risks, and ensuring adherence to regulatory requirements. The KYC Specialist plays a critical role in safeguarding the organization from financial crime and maintaining high standards of compliance and customer trust.

Key Responsibilities

Cash & Liquidity Management:

• Oversee daily cash management processes to ensure the company has sufficient liquidity to meet its operational and financial obligations.
• Monitor cash positions, prepare cash flow forecasts, and manage short-term borrowing and investment strategies.
• Ensure effective cash utilization and monitor cash requirements across all business units.

Risk Management:

• Identify, assess, and mitigate financial risks related to currency, interest rates, and other market fluctuations.
• Implement hedging strategies where appropriate to minimize financial exposure and risk.
• Manage foreign exchange and interest rate exposure, ensuring that the company remains within its risk tolerance levels.

Banking Relationships:

• Manage relationships with financial institutions, banks, and other external stakeholders.
• Negotiate terms with banks for financing, borrowing, and investment arrangements.
• Ensure that banking services are in line with the company’s needs, including managing account structure, fees, and charges.
• Execute wire transfers and other treasury transactions accurately and promptly.
• Coordinate and optimize banking services and fees, including treasury management systems.
• Reconcile bank statements and resolve discrepancies in a timely manner.

Investment Management:

• Develop strategies for managing excess cash, investing in short- and long-term instruments to optimize returns while maintaining liquidity.
• Monitor and evaluate performance of the company’s investment portfolio and recommend adjustments as needed.
• Ensure compliance with internal investment policies and regulatory requirements.

Treasury Reporting & Compliance:

• Prepare and present accurate treasury reports to senior management, ensuring visibility into liquidity, cash flow, and financial risks.
• Maintain compliance with regulatory requirements related to treasury functions, including tax, legal, and financial regulations.
• Work closely with internal audit and external auditors to ensure controls and processes are robust.

Customer Due Diligence (CDD):

• Conduct thorough KYC checks and customer due diligence procedures during the onboarding process.
• Verify the identity and background of customers, including individuals, businesses, and corporate entities, through a range of reliable data sources.
• Gather and review supporting documentation (e.g., identification, proof of address, financial statements) to ensure compliance with KYC requirements.

Enhanced Due Diligence (EDD):

• Perform enhanced due diligence on high-risk customers or transactions, including politically exposed persons (PEPs), high-net-worth individuals, and customers from high-risk jurisdictions.
• Identify and assess potential red flags and suspicious activities, reporting them in accordance with internal policies and regulatory requirements.

Ongoing Monitoring:

• Continuously monitor and review customer profiles for changes in risk levels or unusual activity that may require further investigation.
• Implement periodic reviews of customer accounts in line with regulatory requirements, ensuring that all information remains up-to-date and accurate.

Risk Assessment and Mitigation:

• Assess customer risk profiles based on various factors including transaction behavior, geography, business nature, and ownership structure.
• Escalate identified risks and suspicious activity to senior compliance officers, following the company’s escalation protocols.

Compliance and Reporting:

• Ensure that all KYC procedures are compliant with local, national, and international regulations, including AML, FATF, and other applicable laws.
• Maintain accurate and detailed records of KYC activities and customer files to facilitate audit processes and regulatory inspections.
• Prepare and submit regulatory reports as required, such as suspicious activity reports (SARs), and work closely with compliance and legal teams on regulatory matters.

Collaboration and Training:

• Collaborate with other departments, such as legal, operations, and customer service, to ensure that KYC processes are integrated smoothly into the customer journey.
• Assist in the development of KYC policies, procedures, and best practices to improve the overall effectiveness of the compliance function.
• Provide training and guidance to junior staff or new team members on KYC procedures and regulatory requirements.

Technology and Tools

• Utilize KYC tools and systems to automate processes and improve efficiency in gathering and verifying customer information.
• Stay updated on emerging technologies and trends in KYC and AML compliance, recommending improvements or updates to existing systems when necessary.

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, Economics, or a related field (Master’s degree or professional certifications like CFA, CTP, or FMVA preferred).
• Minimum of 5 years of experience in corporate treasury, finance, or accounting, with at least 2 years experience in KYC, AML, or financial crime compliance, preferably within banking, financial services, or a regulated industry.
• Strong knowledge of cash management, risk management, banking relationships, and debt financing.
• Strong knowledge of KYC regulations, AML guidelines, FATF recommendations, and industry best practices.
• Experience with treasury management systems (TMS) and financial modeling.
• Excellent analytical, problem-solving, and decision-making skills.
• Experience with KYC software platforms and customer screening tools.