Associate

Summary
We are seeking a highly skilled KYC Analyst with 3-6 years of experience to join our dynamic team in the Financial Crime Compliance

The ideal candidate will be responsible for conducting thorough due diligence on clients by gathering and analyzing client information to verify compliance with regulatory requirements


Responsibilities
Conduct client due diligence (CDD) to gather information such as identity verification, source of funds, and beneficial ownership for different entity types like Banks, Trust, Funds, SPV etc


Perform initial checks on client documents and data to ensure completeness and accuracy


Support in conducting research using various databases and sources to verify client information


Evaluate based on client risk levels which includes business activities, geographic location, and other relevant factors


Conduct sanction screening and adverse media screening of customers using specialized tools and databases and analyze screening results to identify matches with sanctioned individuals, entities, or countries


Maintain accurate documentation for all clients, including KYC profiles and ongoing monitoring records


Conduct reviews for ongoing monitoring of client accounts, including periodic reviews and event driven reviews


Collaborate with internal stakeholders to address KYC-related issues and provide guidance on regulatory requirements


Continuously evaluate and enhance KYC processes and procedures to improve efficiency and strengthen compliance controls


Stay updated on regulatory requirements related to KYC, AML, and CFT


Requirements
Bachelors degree in finance, accounting, business, or related field


3-6 years of experience in KYC, AML compliance, or a related role within the banking industry


Strong understanding of financial regulations, including but not limited to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Know Your Customer (KYC) requirements


Experienced analyst with a in depth-knowledge of financial products, services, and industry regulations


Excellent analytical skills with the ability to interpret complex financial data and identify potential risks


Detail-oriented with strong organizational and time management abilities


Effective communication skills, both verbal and written, with the ability to communicate findings and recommendations clearly and concisely


Ability to work independently and collaboratively in a fast-paced environment


Proficiency in using KYC tools, databases, and software applications for conducting due diligence and risk assessments


Preferred Qualifications
Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE)


Experience working with large-scale banking or financial institutions


Familiarity with regulatory requirements specific to the jurisdiction in which the bank operates

Mandatory skills-KYC and AML
Preferred skills-KYC and AML
Years of experience-3-6
Qualification-Any Grad