Business Analyst

We are inviting applications for the role of Business Analyst Institutional AML/ KYC

Job Overview: We are looking for an experienced KYC Analyst to join our team, focusing on conducting due diligence for corporate clients. This role involves gathering, verifying, and analyzing client information in accordance with regulatory standards and company policies. The KYC Analyst will play a critical role in risk mitigation by ensuring that all corporate clients meet necessary compliance requirements, including anti-money laundering (AML) and anti-terrorism standards

Responsibilities

• Review of institutional entities like PIV/PHC, Private Corporation, Mutual Funds, Hedge Funds, Broker/Dealer, Regulated Investment Manager, Collective Investment Schemes (CIS) etc. as per policy / jurisdiction for all KYC / CDD documentation!
• Conduct open source search to find substantial KYC data / documents as per entity type, risk and country specific standards
• Perform due diligence of documents according to business, entity and product matrix, including non-documentary verification
• Review conducive ownership (BO) and key controller according policy and screen for sanctions and adverse media
• Capture information and documents from internal system / teams as per established norms of bank to complete the KYC documentation per policy
• Initiate and coordinate client outreach to fetch client documentations
• Build a ‘gap’ assessment letter to summarize all missing documentation of institutional client for further to be released to client as per Global, Country and Business Unit specific KYC Procedure and further resolved by client sensitivity
• Conduct false positive analysis on matches identified for counterparties alerted during watch list, sanctions and adverse media screening
• Mitigate or call out true hits for AML adverse concerns and liaise for further action
• Post documentation receipt further assess status of KYC refresh as per ‘gap’ letter and further coordinate for missing documents
• Close Interaction with Customer/business as an SME in the area of AML / Compliance
• Adherence to the critical metrics and business SLA’s is mandatory
• Responsible for preparing and reporting out their own SLA’s.
• Understanding the requirements of CDD, EDD (Enhanced Due Diligence) and CIP (Customer Identification Program) to ensure compliance under the regulations
• Sound understanding of Sanctions, PEP and other watch list which is required to perform core job for alert adjudication in accordance with bank’s policies