Experienced KYC (Know Your Customer) Program Advisor - job 1 of 2

As an Experienced KYC Program Advisor at Fannie Mae, your primary responsibilities include leading the KYC program by implementing Customer Due Diligence (CDD) best practices. You will evaluate potential risks to the enterprise and work closely with business partners to ensure KYC controls are effectively deployed. Collaboration is key, as you'll assess the impact of risks, develop Key Risk Indicators (KRIs), and create escalation protocols to facilitate timely communication with management. This role requires not just analytical skills, but also a passion for fostering an inclusive and compliant environment.

To excel in the Experienced KYC Program Advisor role at Fannie Mae, you should have a minimum of six years of related experience with a strong understanding of BSA/AML/OFAC compliance regulations. An ACAMS certification is also essential. Experience in developing and managing KYC/CDD programs at large financial institutions will be beneficial, as well as strong analytical and organizational skills. Leadership experience in executing risk management frameworks and conducting training will further enhance your application.

In the Experienced KYC Program Advisor role at Fannie Mae, you'll play a crucial role in identifying and evaluating risks through comprehensive risk assessments. You’ll lead control evaluation activities and employ a risk management framework to ensure that all business processes are assessed for vulnerabilities. Your findings will help in crafting comprehensive reports to inform senior management and in developing action plans to mitigate identified risks effectively.

Fannie Mae seeks candidates for the Experienced KYC Program Advisor role who possess strong analytical abilities, attention to detail, and excellent organizational skills. Moreover, effective communication is vital as you'll be presenting complex findings to various stakeholders. Your ability to manage competing priorities and collaborate with diverse teams is highly valued, along with a genuine commitment to fostering an inclusive workplace.

As an Experienced KYC Program Advisor at Fannie Mae, you will encounter significant opportunities for career advancement. The role not only positions you at the forefront of compliance within the financial services sector but also allows you to take part in developing innovative strategies as the regulatory landscape evolves. Fannie Mae supports professional growth through ongoing training, mentorship, and networking opportunities within a diverse and inclusive environment.

To develop a comprehensive KYC program, I start by assessing regulatory requirements and existing risks within the organization. Collaborating with cross-functional teams ensures that business needs are understood, and effective control measures are in place. It's essential to establish clear protocols for customer due diligence and risk assessments while remaining adaptable to evolving regulations.

In my previous roles, I have managed compliance risks by conducting thorough risk assessments, implementing monitoring systems, and ensuring that all team members are trained on the latest regulatory updates. I also develop policies that reflect compliance measures and monitor their effectiveness regularly, making adjustments as necessary to mitigate risks.

One significant challenge I've faced is adapting to evolving regulations and varying interpretations across financial institutions. To overcome this, I foster open communication with my team and stakeholders to ensure everyone understands the controls and remains compliant. Continuous training and updating our processes help us stay ahead of compliance challenges.

I evaluate a KYC program's effectiveness by tracking Key Risk Indicators (KRIs) and analyzing the results of audits and assessments. This quantitative data, combined with qualitative feedback from team members and stakeholders, provides insight into areas for improvement. Regular reviews of the KYC program ensure it remains aligned with best practices and regulatory standards.

In my previous role, I was tasked with presenting a comprehensive risk assessment to senior management. I thoroughly prepared by creating a visually engaging presentation that outlined the risks identified, recommendations, and potential impacts on the organization. I also anticipated questions and crafted succinct answers to facilitate a productive discussion.

I ensure my team understands compliance regulations through regular training sessions and workshops, where we discuss recent updates and their implications for our KYC program. Additionally, I encourage mentorship and provide resources for self-study. Open dialogue within the team allows members to ask questions and share insights, enhancing our collective understanding.

Technology plays a crucial role in enhancing KYC compliance strategies. I leverage data analytics and automated systems to identify potential risks and streamline the customer due diligence process. These tools not only improve efficiency but also enable us to maintain a higher level of accuracy in monitoring compliance.

I stay current with KYC regulations through continuous education, including attending industry conferences, webinars, and subscribing to relevant publications. Networking with industry professionals also helps me stay informed about emerging trends and best practices in compliance, which I then share and discuss with my team.

My strengths include my analytical mindset, attention to detail, and excellent communication skills. I also have a proven track record of effectively collaborating with teams to successfully implement compliance frameworks. My experience working with diverse stakeholders allows me to present findings clearly and build consensus around necessary actions.

Managing competing priorities in a KYC program requires strategic planning and effective time management. I prioritize tasks based on urgency and the potential impact on compliance. By delegating responsibilities and leveraging team strengths, I ensure that all critical elements are addressed while maintaining compliance standards.