KYC Analyst

Role & responsibilities

• Customer Due Diligence (CDD): Conduct thorough background checks on new and existing customers, assessing their risk profiles and identifying any potential signs of suspicious activity.
• Enhanced Due Diligence (EDD): Perform detailed reviews of high-risk customers and transactions, applying additional scrutiny when required.
• AML Monitoring: Monitor transactions for suspicious activity or unusual patterns, raising alerts and conducting investigations as necessary.
• KYC Compliance: Ensure all customer information is properly documented and verified, and that records are maintained according to regulatory requirements.
• Reporting: Prepare and submit Suspicious Activity Reports (SARs) or other regulatory filings to relevant authorities when needed.
• Regulatory Knowledge: Stay updated with the latest local and international regulations related to KYC and AML.
• Training: Conduct training sessions for staff on compliance procedures, red flags for money laundering, and regulatory updates.
• Audit and Reporting: Assist in internal and external audits related to KYC/AML activities, ensuring the companys practices are transparent and comply with all laws.
• Policy Development: Contribute to the development and improvement of internal KYC/AML policies, procedures, and systems.

Qualifications:

• Bachelors degree in finance, business, law, or a related field.
• Strong understanding of KYC/AML regulations, financial crimes, and compliance best practices.