KYC- Analyst/Associate- Bangalore

Know Your Client (KYC) is responsible for ensuring client onboarding and ongoing expectations are in line with regulatory standards and jurisdictions. Work includes: •analysing information for close/open account determination •Taking appropriate corrective action through client contact to verify legitimate usage •Providing review and analysis of risky or exception conditions •Providing regular communication to senior bank stakeholders on changes in KYC, Anti Money Laundering (AML’) and Anti Financial Crime (‘AFC’) areas and ensures any changes required are implemented with minimum disruptions.

Key responsibilities

• Responsible for verification of Client data
• Perform due diligence of new and existing clients covering a wide range of different client types including; Listed and Regulated, small/medium/ large private and public companies as well as more complex structures such as; SPVs, Co-operatives, Foundations and Funds, Governments, Joint Ventures, etc.
• Verifying KYC documentation of the Clients to be adopted/reviewed
• Perform the risk assessment of the Client to be adopted/reviewed
• Signing off on new client adoptions and periodic reviews
• Manage New Client Adoption or Periodic Review stream, to ensure that all requests are approved in accordance with regulatory requirements and the banks internal policies
• Manage exception ensuring that all SLAs defined with the Business on timeliness and quality are adhered

Your skills and experience

• 1-9 years years of relevant work experience (AML/KYC/compliance related) within corporate financial services industry, Research/Analytics role in other Banks / KPOs etc
• Understanding  of Control, Compliance, Investigation/chasing functions in banks
• Familiarity  AML/KYC regulations and industry guidelines (FSA, JMLSG, 3rd EU Money Laundering Directive, MiFID)
• Ability to interpret  regulatory guidelines and assessing risk scores and entity types
• Ability to interpreting alerts
• Ability to identifying trends and inconsistencies
• Understanding of end to end KYC process