Analyst-KYC
- Bangalore, Karnataka
- Permanent
- Full-time
- Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) profile production for Head Office and other Global branches / affiliates / Corporates / Financial institution/Funds/Bank/individuals.
- Checking client information through publicly / internally available sources which are sourced by analysts.
- Prepare & check the KYC questionnaire, emails or calls with Client for outreach process
- Checking screening performed by analyst in accordance with Bank policy and escalate true hits to Adverse Findings
- Complete & review CDD and EDD profiles to a pre-determined review schedule in a timely manner
- Assist the business where changes occur to existing customer profiles, by taking appropriate actions (i.e., Event Driven Reviews, administrative triggers, escalations)
- Complete relevant Identification, Verification and Bribery/Corruption checks for prospective transactions for existing or new to bank Clients to identify potential reputational, business, PEP (Politically Exposed person) , adverse media hits and Sanction risks etc.
- Liaise and connect directly with Clients, Sales, Relationship Manager, onshore teams and Local Account Officer within Client management and KYC teams and assist where appropriate.
- Timely and proactive escalation and resolution of issues, working closely with local and regional management.
- Drive to build knowledge within the Anti-Money Laundering sector and to understand the rationale for underlying policy requirements.
- Assist other members of the team and work on ad hoc projects where necessary
- Strong KYC end to end knowledge for Low, Medium and High-risk clients
- STRONG Communication skills both WRITTEN and VERBAL to interact with Clients / RMs / Sales and other stakeholders
- Attention to detail is essential
- Technical knowledge of various Client types & their structure such as Financial Institution, Corporates, Bank, Foundations, Trust, Charity, Joint ventures and Special Purpose Vehicle etc.
- A person should have a bachelors degree in any stream, any certification/diploma in AML / KYC domain would be an added advantage.
- 2 to 4 years experience in AML Compliance & KYC preferably within the financial services industry with experience conducting EDD on foreign financial institutions. [D]
- Experience reviewing comprehensive documents like complex ownership structures and Wolfsberg Questionnaires, various organizational documents like MOA / AOA COI etc.
- Strong working knowledge of AML / Sanctions laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity and customer profiles.
- Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
- Critical thinking and problem-solving skills are a must.
- Ability to work in a fast-paced, demanding environment and must work well under pressure.
- The ability and willingness to work both independently and in a team, environment is required.
- Maintains effective working relationships with key business partners.
- Familiarity with Actimize and other financial crime, risk and compliance applications would be preferred.
- Effective Internet and research skills and usage of third-party tools.
- Decent knowledge in Microsoft Excel / word.
- Degree and AML related certifications preferred or equivalent work experience.