Associate

Inviting applications for the role of Associate, Due Diligence
In this role, the shortlisted candidate will be reviewing the documentation for new customer/entity in line with defined process and procedure. Summarize findings, facts and information in a narrative report, highlighting actions and recommendation for next steps. Perform enhanced due diligence for high risk customer / entity. In this position candidate will analyze entity structure, conduct bank account verification, beneficiary verification, perform RDC screening, assign risk rating and perform due diligence based on the risk rating procedures.
The candidate will have to be responsible for
Review of documentation for entities such as corporation, charities, individuals as per policy / jurisdiction for all KYC / CDD documentation and raising request for information/document required as per the procedure
Conduct due diligence and highlight procedural requirements if there is any defect
Review beneficial ownership (BO) and key controller according policy and screen for sanctions and adverse media
Complete review in a timely and efficient manner
Make recommendation on process enhancements to increase efficiency and accuracy
Maintain awareness of regulatory updates and incorporate process and procedural changes in the due diligence review process
Interpret evidence from multiple tools and systems to determine legitimacy of customer behavior across multiple products
Assist with monitoring and tracking incidents to ensure resolution occurs within the customer Service Level Agreement
Solve routine problems, largely through precedent and referral to general guidelines

Qualifications
Minimum qualifications
University graduate
Meaningful experience should be in back office work, compliance, investigation, AML/KYC, audit review and/or account review
Microsoft Office, internet, and computer skills
Excellent communication and comprehension
Strong critical thinking


Preferred skills
Experience in AML and KYC in the customer due diligence, enhanced due diligence and Know your Customer space for fintech/e-commerce
AML investigatory experience and analytical skills
Periodical review of KYC records as to completeness, including verifying that due diligence has been performed
Client on boarding checks, verifying external regulatory and registry websites for their legal active status.
Understanding of different entity types and ownership structure including but no limited to Charities, PIV, SPV, Banks & Financial Institute, Private and Public companies (listed / non listed) and CIS
Ability to conduct detailed investigation in Adverse / Negative Media and Transaction Surveillance / Monitoring
Ability to independently research, analyze, and recommend solutions to close open items and discrepancies
Knowledge of AML/KYC controls including front-end systems, applications, data sources, and back end controls
Experience in sanction screening, Know Your Customer (KYC), document verification (IDs, bank details, company registries)
Outstanding analytical and investigative skills combined with the ability to navigate through ambiguity in a fast-paced, multifaceted environment
Excellent understanding of AML/KYC terminology
Should have experienced in using Actimize, RDC, Fortent, Norkom, Lexis Nexis, Bridger XG, SIEBEL and Dow Jones etc
Good experience in MS-Office applications like Excel, Word, Power point, Outlook etc.