KYC Analyst

Summary: The KYC Analyst role focuses on verifying client data and ensuring compliance with regulations in the banking and financial services sector. The primary objective is to conduct due diligence checks and provide guidance on KYC requirements to mitigate risks involved with clients.

Responsibilities:

• Conduct end-to-end KYC due diligence for global clients, including individuals, Trusts, Societies, and Charities.
• Ensure compliance with Anti-Money Laundering (AML) laws and KYC guidelines.
• Gather and verify confidential client data from various sources.
• Communicate missing requirements to clients effectively.
• Understand and implement KYC standards, guidelines, and procedures.
• Participate in migration/remediation projects and screening resolution.
• Train staff on KYC procedures and best practices.
• Maintain confidentiality of customer information in compliance with privacy legislation.
• Collaborate with frontline staff to collect information.
  
  

Must Haves:

• 2-4 years of relevant experience in AML/KYC/compliance in corporate financial services.
• Bachelor’s degree.
• Knowledge of financial regulations, including AML, KYC, BSA, USA Patriot Act, OFAC regulations, FinCEN.
• Strong analytical skills to interpret complex financial data.
• Excellent communication skills for articulating complex information.
  
  

Nice to Haves:

• Advanced degree or relevant certifications (e.g., CAMS).
• Exposure to financial crime disciplines.
• Strong problem-solving skills and a proactive approach.
  
  

Other Details:

• Location: Bangalore
• Company: Emagine, specializing in technology and business innovation for financial services.
• Industry: Banking and financial services.
  
  

Reason (Must Have):

• Experience in AML/KYC: Essential for conducting thorough due diligence and maintaining compliance with regulations, directly tied to responsibilities involving regulatory checks and documentation.
• Bachelor’s Degree: Necessary qualification to ensure foundational knowledge in finance or a related field.
• Knowledge of Regulations: Critical for ensuring compliance in KYC processes, impacting the overall integrity of client data verification and regulatory adherence.
  
  

Reason (Nice to Have):

• Advanced Degree/Certifications: Provides additional expertise that enhances understanding of complex regulations, beneficial for high-stakes assessments.
• Exposure to Financial Crime: Adds value by equipping the analyst with insights on risk factors associated with KYC processes, improving decision-making.
  
  

Trust Score: Score: High Evidence: The job description is detailed, outlining specific responsibilities and requirements clearly, which aids in defining precise search criteria for potential candidates.

Sourcing Guidance / Clarifications Needed:The job description provides good technical clarity for sourcing. Consider these potential recommendations to enhance the search:

• Recommendation: Look for candidates with experience in related roles such as Compliance Officer or AML Investigator.Rationale: These roles often require a similar skill set and understanding of KYC processes, potentially widening the talent pool.
• Recommendation: Prioritize candidates who have managed KYC processes for both retail and institutional clients.Rationale: This experience is valuable as the role involves due diligence checks for diverse client types, enhancing their fit for the position.
• Recommendation: Consider applicants familiar with specific financial software tools used in KYC processes.Rationale: Knowledge of these tools can expedite the onboarding process and improve efficiency in the KYC procedures.