Associate - AML / KYC

Job Title: AML/KYC Analyst

Company: PwC India

Location: Bangalore

Job Type: Full-time

Summary:

We are seeking skilled AML/KYC Analysts with 1.5-4 years of experience to join our dynamic team in the Financial Crime Compliance. The ideal candidate will be experienced in carrying out KYC process for clients of large multi-national banks; Will be familiar with country specific regulation and be familiar with the tools and databases used in the KYC process to conduct due diligence on clients by gathering and analyzing client information to verify compliance with regulatory requirements.

Responsibilities:

1. 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.

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

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

4. Conduct in-depth investigations of flagged transactions to identify patterns, trends, and anomalies using the advanced transaction monitoring systems and tools to analyze financial transactions for potential suspicious activities.

5. Review and assess customer account activity to detect and prevent money laundering, fraud, and other illicit financial activities.

6. 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.

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

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

9. Collaborate with internal stakeholders including compliance officers, risk management teams to address KYC-related issues and provide guidance on regulatory requirements.

10. Continuously participate to evaluate and enhance AML and KYC processes and procedures to improve efficiency and strengthen compliance controls.

11. Stay updated on regulatory requirements, industry trends, best practices related to AML, KYC, TM and CFT compliance.

Requirements:

1. Bachelor's degree in finance, accounting, business, or related field.

2. 1.5 to 4 years of experience in KYC, TM, AML compliance, or a related role within the banking industry.

3. Strong understanding of financial regulations, including but not limited to FATF, OFAC, Bank Secrecy Act, RBI MD and other global and local Anti-Money Laundering (AML), and Know Your Customer (KYC) guidelines.

4. Experience with conducting on-boarding / periodic / event driven reviews for Institutional clients

5. End to End KYC experience including customer / RM outreach

6. Experience with KYC for complex entities with complex ownership structure, presence in multiple jurisdictions etc.

7. Proficiency in using transaction monitoring tools and software platforms.

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

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

Preferred Qualifications:

1. Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS).

2. Experience working with large-scale banking or financial institutions.

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

Benefits:

• Competitive salary
• Health insurance
• Paid time off and holidays
• Professional development opportunities