Download the AML / KYC White Paper Today!
Important Facts About the
AML / KYC White Paper
- The threat of financial crime is more significant than ever
- Unclear decision rights threaten an institution’s ability to balance innovation with remediation
- Antiquated technology and manual processes result in massive cost and increased risk
- Internal competition for resources results in solving today’s problem at the expense of tomorrow’s
- Over burdened teams are a ticking time bomb
- It’s critical to have a partner to help you flex up resources to stay ahead of the curve
Our Purpose
In today’s world, financial criminals are often a step ahead of regulators and financial institutions. We help leaders strategically increase resource capacity to maintain strong business performance while facing any challenge in the fight against financial crime.
Client Challenges
- Struggling to remediate audit or compliance testing issues, on required timelines?
- Need to streamline manual processes to promote efficiency while remaining compliant?
- Teams starting to experience burnout and fatigue with impacts to productivity and/or quality?
- Experiencing KYC/AML related backlogs?
- Competing for internal technology resources to modernize your KYC/AML program?
What We Deliver
What We Deliver
KYC/AML Program Development / Enhancement:
Our resources can help you modernize your program:
- Implement technology solutions
- Revamp operating model
- Streamline Processes
- Manage change, training and communication
Target Skill Sets:
CAMS Certification, BSA/AML regulatory knowledge, six sigma blackbelt (process improvement), PMP, teamwork, change management, storytelling through effective presentation
KYC/AML Program Development / Enhancement:
Our resources can help you modernize your program:
- Implement technology solutions
- Revamp operating model
- Streamline Processes
- Manage change, training and communication
Target Skill Sets:
CAMS Certification, BSA/AML regulatory knowledge, six sigma blackbelt (process improvement), PMP, teamwork, change management, storytelling through effective presentation
Audit Remediation Solutions:
When Audit remediation timelines are at risk:
- Project and process resources to drive work to completion
- Testing to ensure sustainable results
- Change management in support of updates to process/procedure
Target Skill Sets:
CAMS certification, BSA/AML regulatory knowledge, risk management, process engineering, project management, problem solving, judgment (escalations,) communication/partnership
Audit Remediation Solutions:
When Audit remediation timelines are at risk:
- Project and process resources to drive work to completion
- Testing to ensure sustainable results
- Change management in support of updates to process/procedure
Target Skill Sets:
CAMS certification, BSA/AML regulatory knowledge, risk management, process engineering, project management, problem solving, judgment (escalations,) communication/partnership
Client Outreach:
Data remediation requires focused client outreach:
- Customer service professionals with deep knowledge of requirements
- Communicating professionally and with empathy
- Use of tools to track progress and meet required timelines
Target Skill Sets:
Customer Service, basic knowledge of KYC/AML requirements, empathy, strong organization/follow up skills, time management, communication/partnership
Client Outreach:
Data remediation requires focused client outreach:
- Customer service professionals with deep knowledge of requirements
- Communicating professionally and with empathy
- Use of tools to track progress and meet required timelines
Target Skill Sets:
Customer Service, basic knowledge of KYC/AML requirements, empathy, strong organization/follow up skills, time management, communication/partnership
Onboarding / Refresh solutions:
Effective onboarding and refresh processes are critical:
- Eliminate backlogs
- Remain compliant
- Reduce team burnout to maintain high levels of productivity
Target Skill Sets:
Candidates with extensive experience, CAMS certification, BSA/AML regulatory knowledge, time/queue management, problem solving, judgment (escalations), communication/partnership
Onboarding / Refresh solutions:
Effective onboarding and refresh processes are critical:
- Eliminate backlogs
- Remain compliant
- Reduce team burnout to maintain high levels of productivity
Target Skill Sets:
Candidates with extensive experience, CAMS certification, BSA/AML regulatory knowledge, time/queue management, problem solving, judgment (escalations), communication/partnership
Quality Control/Assurance:
Ensuring quality is the key to sustainable performance:
- Identify issues impacting performance
- Eliminate bottlenecks
- Improve feedback loops
Target Skill Sets:
Quality Control/Assurance experience, Expert Knowledge of BSA/AML Regulation, time/queue management, problem solving, judgment (escalations,) communication/partnership
Quality Control/Assurance:
Ensuring quality is the key to sustainable performance:
- Identify issues impacting performance
- Eliminate bottlenecks
- Improve feedback loops
Target Skill Sets:
Quality Control/Assurance experience, Expert Knowledge of BSA/AML Regulation, time/queue management, problem solving, judgment (escalations,) communication/partnership
How We Do It
Phaxis is a premier staffing firm with a direct pipeline to top industry talent. Spearheaded by industry veterans with combined experience of nearly 100 years, Phaxis helps leaders in the financial services industry build the capacity, flexibility and grit to battle financial crime.
