KYC Operations Analyst

Your responsibilities

• Demonstrate strong independent responsibility and extensive knowledge in working with international AML compliance-related issues

• Ability to identify & deem relevancy of public records, as it relates to customer information

• Possess an in-depth understanding of AML typologies inherent in individual clients and large multinational corporations and exercising sound judgment and observe the highest degree of confidentiality in handling the information received while discharging their responsibilities

• Conduct a thorough investigation to establish the presence of AML typologies through an extensive review of transactions, determine any correlations or anomalies in the data based on reasonable expectations and prior experience and ascertain if activity between originators and beneficiaries have valid economic purpose based on their investigation & findings

• Make a judgment on the risk, based on all findings. Determine if any unusual or high risk activity/information needs to be further investigated

• Independently produce complete and accurate reports of their investigations, findings, decisions and recommendations for use by LOB and KYC Officers

• Proactively identifies opportunities to refine a process and increase operational efficiencies

• Be part of the holistic client review team to follow up on outstanding alignment items within various LOBs and/or GFCC to close loop on the alignment

• Work on other migration/remediation projects including Screening resolution , other LOB holistic alignment or Quality Assurance

• Assist with training and coaching as needed

Our requirements

Description for External Candidates:

The KYC Operations Professional will be responsible for producing a critical, detailed, in-depth investigative review of historical transaction activity and/or negative media reviews on clients in line with firm policy and regulatory expectations. Based on the summary of their investigation, findings, conclusions and recommendations documented in the report, the LOB Relationship Managers and KYC Officers will perform additional follow up and due diligence with the customer.

Enhanced Due Diligence is required to be performed under the firm’s KYC periodic review standards for specific client types. The objective of the review is to determine (a) if actual activity is consistent with the due diligence information collected, including the client’s stated expected activity, (b) to identify high risk patterns of activity, (c) to highlight potential areas of concern based on negative media findings or risk that require follow up or resolution by KYC team, Relationship Management or Compliance, and (d) to validate the accuracy of the KYC risk rating.

The KYC Operations Professional will assist the client-facing teams to ensure all client KYC records are compliant with regulatory standards, and will ensure high quality and timely completion of all client-level due diligence. The role will assist in end to end operational activities through the periodic renewal process of all clients. The KYC Operations Professional will assist with the drafting and gathering of client documents and verification of client data via publically available and internal sources at a client level prior to the final review by the client-facing team. This research is performed to ensure a client’s KYC profile is appropriately updated and any discrepancies or issues with the profile escalated to the appropriate lines of business.

The KYC Operations Professional will review the collection and verification of data performed to ensure all KYC records are accurate and complete prior to a final review by the client-facing team. The ¬¬¬KYC Operations Professional is expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation.