Description
A KYC Analyst opportunity has arisen in a large financial organisation, my client is looking for a strong KYC analyst to be responsible for a delivery of high standards of client service, at the same time ensuring that all internal (eg Risk) and external (eg Compliance) standards requirements are met in full, utilising a combination of onshore and offshore resource managed as a single global team.Key accountabilities will be:
Renew KYC profiles in accordance for sign off in accordance with the Group Policy, Dubai's KYC ID Matrix, local regulatory requirements and Sign Off Authority.
Analyse the risk associated with the client and provide approval from a technical perspective prior to seeking Relationship Management approval.
Recommend/undertake further due diligence where required. Refer adverse findings to Compliance and the Business. Ensure a conclusion is reached with regard to risk, additional due diligence or exit.
Undertake reviews of extended due diligence to assess risk. Provide comments and escalate to Compliance for agreement and approval.
Perform research via internal and external sources, gather and analyze documentation in accordance with regulatory CIP/KYC requirements.
Undertake all World Check/OFAC hits to determine course of action. Refer to Compliance and the Business as required.
Ensure all documents are loaded in the document image system, with appropriate indexation.
Adhere strictly to compliance and operational risk controls in accordance with the Bank and regulatory requirements, internal policies and practices; reports control weaknesses, compliance breaches and operational loss events. Complete other related duties as assigned
Assist to implement production and distribution, as appropriate, of relevant MI to both business and KYC Services Management.
To provide a timely and high quality KYC and Client identification for clients wishing to continue to undertake business.
Ensure the KYC escalation policies are followed.
The successful KYC analyst must have:
Sound knowledge and application of Dubai, Qatar and other MENA country's AML regulations in a periodic review/renewal capacity
Sound knowledge of the wide range, and a variety of fund/corporate structures
Proven business and operational experience
Extensive experience in banking industry environment with KYC/AML operational exposure and experience.