Business Analyst - AML/KYC

Business Analyst- AML/KYC

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 positioncandidate 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.

Tenure- 6 Month

Responsibilities

• 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 helpful 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 improvements 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 resolve legitimacy of customer behavior across multiple products

• Assist with monitoring and tracking incidents to ensure resolution occurs within the customer Service Level Agreement

• Tackle routine problems, largely through precedent and referral to general guidelines

Qualifications

Minimum qualifications

• University graduate

• Experience should be in back office work, compliance, investigation, AML/KYC, audit review and/or account review

• Microsoft Office, internet, and digital literacy!

• Excellent communication and comprehension

• Critical thinking

Preferred qualifications

• 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.