Compliance Analyst

Role & responsibilities :

KYC and Customer Due Diligence (CDD):

• Conduct customer onboarding and periodic reviews to verify identity and ensure adherence to Reserve Bank of India (RBI) KYC regulations.
• Analyze high-risk accounts and escalate issues as necessary.
• Create and maintain KYC records by obtaining information from internal and external sources (firm website, regulatory websites, etc.)
• Partner with Relationship Management to update system information from initiation to approval of KYC record and report workflow progress to supervisor.
• Perform Sanctions, PEP and Adverse Media screening in line with OFAC, UNSC, UAPA, PMLA requirements at the least.

AML Monitoring and Investigations:

• Perform transaction monitoring to detect suspicious or unusual activities.
• Investigate potential cases of money laundering and submit Suspicious Transaction Reports (STRs) as needed.
• Stay updated on emerging AML trends and recommend process improvements.

Regulatory Compliance:

• Ensure compliance with local and international laws, including OFAC, UN, India and regions we serve.
• Assist in preparing for and responding to regulatory audits and inspections.
• Maintain accurate records for audit purposes.

Query Resolution:

• Address internal and external stakeholder queries related to Compliance processes.

Ad-Hoc Operational Tasks:

• Undertake ad-hoc tasks as assigned by Supervisor.
• Demonstrate flexibility to handle unforeseen challenges.

Reporting and Communications:

• Prepare compliance reports for senior management and regulators.
• Collaborate with internal departments to resolve compliance-related issues.