Junior Associate - AML/KYC

Company Description

MS is a premier corporate and professional service provider offering comprehensive corporate services, regulatory expertise, strategic advisory, and executive search to private and international clients. With a strong presence in DIFC, ADGM, DMCC, QFC, and the Northern Emirates, we act as a bridge to access and thrive in the Gulf region. Backed by deep multi-jurisdictional expertise, we simplify market entry, governance, and operations, ensuring compliance, efficiency, and strategic foresight. Additionally, we provide bespoke wealth structuring and asset protection solutions for family offices and High-Net-Worth Individuals.

Job Title:

Job Location:

Key outputs required from you:

Risk Assessment:

• Conduct risk assessments across the KYC/Onboarding process for institutional and corporate customers.
• Determine uplift schedules and perform risk reviews based on established criteria.

Information Verification and Collection:

• Verify and collect information, including but not limited to entity name, country of incorporation, and nature of business.
• Establish Ultimate Beneficial Ownership (UBO) for both new and existing clients.
• Initiate ongoing KYC reviews and raise outreach requirements if additional information is needed.

Background Research:

• Conduct additional background research as appropriate to assess risk and mitigate Anti-Money Laundering (AML) risks.

Data Compilation:

• Compile accurate and up-to-date data on customers for compliance reasons.

Regulatory Compliance:

• Stay well-versed with regulatory requirements, policies, and procedures.
• Apply critical thinking skills to interpret and implement compliance measures effectively.

Liaison with Management:

• Liaise with management to ensure compliance with internal policies and external regulations.
• Provide regular updates on KYC/Onboarding processes and compliance status.

Process Efficiency:

Challenge the status quo and proactively identify, recommend, and implement process efficiencies to enhance overall effectiveness.

Minimum Qualifications

• BBA/MBA/B.Com/M.Com with good domain knowledge
• Preferred ACAMS or similar AML/KYC certification completed per industry standards.

Preferred Skillsets

• Good understanding of AML/ KYC acquired working in a similar role within the institutional or corporate banking.
• Preferred experience in Customer Lifecycle Management i.e., Onboarding, Product Fulfilment, KYC, Screening, Off boarding etc. (prefer 1-2 years of exp)
• Good understanding of complex customer types - Companies, Trusts, Partnerships, Associations etc.
• Strong written and oral communication skills.
• Data Sorting and Management
• Proficient with Microsoft Office applications (Word, Excel, PowerPoint)
• Proven focus on quality along with an ability to read, understand and enforce to procedures.