In this role, the candidate will be responsible to review end to end review of the client, CDD/EDD check, PEP screening SOW, SOF, and Customer due diligence alerts, as well as potentially reviewing and supervising transactions and activities to resolve any AML red flag. This position may analyze customer relationships, documentation, activity patterns, and transactions to detect potential suspicious activity through the monitoring systems to identify potential regulatory, or terms of service violations by customer. Specifically, when items have been identified to potentially be outside of encouraged norms, the analyst will bring up to management cases requiring further investigation.
Responsibilities
- Performing the due diligence on new Clients/existing client, requesting the KYC information, documentation, review, and verification of received documentation and making an analytical risk assessment for Clients.
- Understanding the requirements of CDD/EDD and CIP to ensure compliance under the regulations.
- Knowledge on various business divisions/platforms pertaining to BSA/ AML
- Experience In tools like Actimize, RDC, Lexis Nexis, World check and Dow Jones
- Ability to exercise independent judgment and discretion handling highly critical casework.
- Excellent team building and interpersonal skills.
- Attention to detail and risk identification.
- Strong cross functional influencing skills and proven ability to work with another supporting team.
- Source client data from public sources, Intranet and client management team as required.
- Customized research activity needs to be undertaken for different client segments - the same should be validated for on boarding & existing to bank clients through the process of raising CDD profiles.
- Ensure follow-up, timely sharing of document request/ completion of all New to Banks and Existing to Bank request as per SLA framework agreed with country
Qualifications
Minimum Qualifications / Skills
- Experience in Financial Services Industry, in Institutional KYC – Onboarding/Periodic review.
- Basic understanding of financial services and its various underlying products desirable.
- Needs to have an excellent understanding of sourcing information from various data sources, and in several cases utilizing financial reports, and audited statements for such purposes. Should have a keen eye for detail and needs to present his/her case accurately.
- Previous experience in use of data sources will be ideal.
- Basic experience in AML domain would be an added advantage.
- Written and spoken English needs to be at par with business standards considering the amount of interaction required primarily through written communication.
- Problem Solving Skills – ability to think ‘Out of the Box’ and independently work around issues that arise from time to time.
Certifications
- Any AML/KYC specific certification would be value add.
“The approximate annual base compensation range for this position is $80k to $90k. The actual offer, reflecting the total compensation package plus benefits, will be determined by a number of factors which include but are not limited to the applicant’s experience, knowledge, skills, and abilities; geographic location; and internal equity.”