Compliance Analyst

Job Description

Role & responsibilities : KYC and Customer Due Diligence (CDD): Conduct customer onboarding and periodic reviews to verify identity and ensure adherence to Reserve Bank of India (RBI) KYC regulations. Analyze high-risk accounts and escalate issues as necessary. Create and maintain KYC records by obtaining information from internal and external sources (firm website, regulatory websites, etc.) Partner with Relationship Management to update system information from initiation to approval of KYC record and report workflow progress to supervisor. Perform Sanctions, PEP and Adverse Media screening in line with OFAC, UNSC, UAPA, PMLA requirements at the least. AML Monitoring and Investigations: Perform transaction monitoring to detect suspicious or unusual activities. Investigate potential cases of money laundering and submit Suspicious Transaction Reports (STRs) as needed. Stay updated on emerging AML trends and recommend process improvements. Regulatory Compliance: Ensure compliance with local and international laws, including OFAC, UN, India and regions we serve. Assist in preparing for and responding to regulatory audits and inspections. Maintain accurate records for audit purposes. Query Resolution: Address internal and external stakeholder queries related to Compliance processes. Ad-Hoc Operational Tasks: Undertake ad-hoc tasks as assigned by Supervisor. Demonstrate flexibility to handle unforeseen challenges. Reporting and Communications: Prepare compliance reports for senior management and regulators. Collaborate with internal departments to resolve compliance-related issues.