Quote:
Originally Posted by Unregistered
KYC (Onboarding/Periodic Reivew) roles in smaller banks are parked under compliance while in big banks it will be under middle office/business support. Any comments, anyone?
|
KYC i.e. client due diligence, is generally an operational role which usually isn't parked under the Operations arm of most banks. Some banks park it under MO, a few banks park it under Compliance. End of the day, doesn't really matter. All that matters is which bonus pool the KYC team falls under.