Client KYC Analyst

Job Description

Apex Fund Services Limited is looking for Client KYC Analyst to join our dynamic team and embark on a rewarding career journey A KYC Analyst is responsible for performing due diligence and verification procedures on potential and existing customers to ensure compliance with regulatory requirements and prevent financial crimes, such as money laundering, terrorist financing, and fraud They work in the banking, financial services, and other regulated industries where customer identification and risk assessment are critical Key Responsibilities:Customer Due Diligence (CDD):Conduct thorough KYC checks on new and existing customers to obtain and verify essential information, including identity, source of funds, and beneficial ownership Review and analyze customer documentation, such as identification documents, business records, and transaction histories Identify and escalate any discrepancies or red flags to compliance officers or management Sanctions and PEP Screening:Screen customer profiles against international sanctions lists, politically exposed persons (PEP) databases, and other watchlists Investigate any matches or potential hits to determine if they pose a risk to the organization and report findings to relevant parties Risk Assessment:Analyze customer risk profiles based on factors like transaction volume, geographic location, business type, and industry risk Assign risk ratings to customers and provide recommendations for enhanced due diligence (EDD) for high-risk clients Regulatory Compliance:Ensure compliance with relevant anti-money laundering (AML) laws, regulations, and internal policies Stay up-to-date with changing regulations and industry best practices related to KYC and AML Reporting and Documentation:Maintain accurate and comprehensive records of KYC activities, assessments, and decisions Prepare and submit reports to management and regulatory authorities as required Collaboration:Collaborate with various teams, including compliance, legal, and customer support, to address KYC-related issues and inquiries Training and Awareness:Participate in training sessions to enhance knowledge of AML/KYC procedures and compliance requirements Promote a strong culture of compliance and ethics within the organization