KYC Analyst Job Description
KYC Analyst Duties & Responsibilities
To write an effective KYC analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included KYC analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
KYC Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for KYC Analyst
List any licenses or certifications required by the position: CAMS, CFE, ACAMS, KYC, B2, CFCI, CIP
Education for KYC Analyst
Typically a job would require a certain level of education.
Employers hiring for the KYC analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Economics, Law, Graduate, Management, Math, Financial Services, Accounting, Communication
Skills for KYC Analyst
Desired skills for KYC analyst include:
Desired experience for KYC analyst includes:
KYC Analyst Examples
KYC Analyst Job Description
- Conducting Due Diligence and Know Your Customer (KYC) research for clients as part of the business-wide Anti-Money Laundering (AML) Compliance remediation process
- Executing and reviewing negative media alerts from client screening and escalate where necessary
- Packaging client due diligence research and documentation for review by Relationship Managers
- Meeting production target volumes and dates as advised
- Communication with the institution's officers and other employees involved in the maintenance of internal control standards
- Assisting with other tasks
- Collaborate with various internal teams
- Identify and resolve or escalate, as appropriate, any issues in relation to the onboarding process
- Conduct Office of Foreign Assets Control (OFAC) screenings through World-Check to identify Politically Exposed Persons (PEPs) and heightened risk individuals and organizations
- Liaise with the Front Office and OPER/EDM teams for changes to client information in the BDR
- Previous Front Office Banking work experience
- The ideal person minimum 3-5 years related banking, compliance, audit experience with specific experience relating to on-boarding of clients according to relevant AML Legislation in China
- Strong analytical and problem solving skills would be a significant plus
- Maintain a working knowledge of anti-money laundering related requirements including BSA, USA Patriot Act, OFAC, SEC, FINRA, and other applicable U.S. and International regulations
- Actively engage in the identification of potential process shortcomings or required enhancements
- Apply procedures and guidelines to ensure client is appropriately served
KYC Analyst Job Description
- Master technical skills required for role
- Possess knowledge of various types of trading entities - limited, private and public companies, holding companies, hedge funds, asset managers, special purpose vehicle's, trust's
- Ensure all requests are prioritized, resolved within agreed timeframes, work-flow pipeline optimized, priorities identified early and issues escalated accordingly
- Develop a detailed understanding of the clients, the organization functions, system, process and procedures in order to advise the team
- Communication with the company's officers and other employees involved in the maintenance of internal control standards
- Assisting with other tasks as required
- Provide support to CRM team by managing submission process for KYC reviews and new business requests
- Liaising with clients (both internal and external ) to gather all applicable NCA and PR requirements
- Working with salespersons to raise requests for any Compliance approval in order to satisfy any Enhanced Due Diligence (EDD) requirements
- Working with salesperson to perform searches on the NCA target entity
- Co-ordinate with GFCC teams to identify areas which require additional investigation and obtaining GFCC approval on the disposition
- Obtain MD approval on the BERA
- Support on client on-boarding process for IB transactions
- Provide initial client details and transaction overview to WCOB team and identify on-boarding requirements
- Coordinate with clients to obtain all the required on-boarding documents
- Screen the documents received from the client for compliance with JPM standards
KYC Analyst Job Description
- Identification and production of information required to satisfy the company's KYC due diligence policies and processes
- Communication with officers and other employees involved in the maintenance of internal control standards
- Manage new client onboarding business requests received from the Front Office
- Oversee the end-to-end KYC process
- Work closely with the Front Office and potentially interact directly with clients as required
- Experience in a similar KYC role from within a large financial institution
- A good level of attention to detail and checking skills
- Day to day decisions made without supervision or review
- Obtaining KYC documents
- Researching any negative news information
- Co-ordinate with internal on-boarding teams to complete the LDD & CDD grid
- Obtain necessary approvals and deferrals for on boarding process as per requirement
- 2-4 years of experience in similar KYC roles
- Must possess strong fundamental and technical skills
- Able to deal with unclear requests high volume of requests
- Minimum three years of relevant working experience
KYC Analyst Job Description
- Set regular meetings with key Clients for follow up
- Manage business priorities while at the same time providing transparency and visibility
- Lead performance meetings with internal OB stakeholders and business
- Produce reports for follow up, pipeline management and KPI monitoring
- Provide assistance and expertise to FO and Clients on the onboarding process
- Participates in key projects linked to onboarding
- Support the KYC Officer and work with the KYC Team analysts to perform KYC file reviews related with new and existing customers
- Interface with account officers for all KYC related tasks and inquiries contact with external overseas branches and affiliate locations as needed
- Review, Analyze, Approve and Submit approved Patriot Act Certifications
- Review and analyze Vostro/Correspondent account profile questionnaires and activity
- Bachelor's degree in MIS, Business, Math, Statistics, related field of study, or equivalent work experience
- Expert skill level in utilizing MS Office, SharePoint, SQL, SAS, Teradata, Data Warehouse and other data mining, analysis, and presentation tools
- Minimum 3 years experience in a Business or Process analysis role
- Demonstrated ability to interact with all levels of management and business partners
- 1-3 years of operations or finance experience
- Detail-oriented and able to achieve tangible results
KYC Analyst Job Description
- Assistance with advisement of FinCEN 311 Designation notifications and instructions
- Participate in Team meetings where presentations may be required
- Prepare and review Suspicious Activity Reports
- Assist with AML inquiry and investigations
- Prepare documentation to respond to compliance reviews, internal audits and external examination requests
- Liase with the OFAC Team and Tax department as needed for KYC related items
- Review of activity and investigation of AML related cases
- Prepare and present jurisdictional reviews and country reports
- Prepare document and review KYC related reports
- Send notification requests to account officers and track responses received
- 1-3 years of AML/KYC experience preferred
- 1 to 2 years of relevant work experience (AML/KYC/compliance related) within corporate financial services industry, Research/Analytics role in other Banks / KPOs etc
- Understanding of Control, Compliance, Investigation/chasing functions in banks
- Familiarity AML/KYC regulations and industry guidelines (FSA, JMLSG, 3rd EU Money Laundering Directive, MiFID)
- Ability to interpreting alerts
- Good reading comprehension and critical reasoning skills