KYC Uplift

• The GBM division of a Tier 1 Canadian Bank had a KYC backlog of trading clients – globally, requiring immediate uplifting for AML regulations.​
• They also required assistance ensuring all counterparties held the appropriate trading documentation where applicable e.g. Dodd-Frank, Initial Margin, ISDA etc.

• Built a 25 person team, working onsite at the clients Toronto office.
• Carried out a data enrichment exercise to streamline the list of in-scope clients and associated products ahead of outreach and customer reference data collection​.
• Analysed all customer data received, ensuring compliance with multiple global KYC policies (APAC, US and UK) and trading regulations​.
• Ensured all data and documentation was accurately stored on Fenergo, their chosen vendor for their KYC workflow.

Remediation AML uplift completed for 10,000 client files​.

Efficiency The first derivative’s team met all deliverables ahead of deadline​.

Quality QA embedded across all remedial activity​​.