Job
Description
The KYC Analyst role shall be responsible for ensuring end to end processing of a resource BGV and vigilance checks are performed in alignment to the SOP s and polices defined.
Direct Responsibilities
- KYC Analyst will responsible for the Risk Analysts working in ISPL.
- To act as SPOC for process policy related queries for the ISPL team.
- Will responsible 1B Check control for various activities of PSP.
- Regular review of processes and areas to be in line with the new developments and gain efficiency.
- Constant dialogue with the PSP Team, manager to ensure that changes in the regulations impacting the process are well understood and articulated in the processes.
- Own the SLA for the activity offshored.
- Manages Work In Progress pipeline for the risk analyst, work distribution and timely closures.
- Acts as a 4 eye check / validator of the risk analysis completed by the ISP team prior to the documents being sent for closure.
- Ensure data and documents are entered (scanned and archived) into systems properly.
- Ensure the files pass all quality and control reviews. Escalate concerns / issues as needed as company guidelines and local requirements.
- Communicate within the team, Compliance, the business and IT.
- On a need basis:
- Perform necessary checks to identify politically exposed persons, sanctioned, Adverse Information on individuals and entities and mitigate risks associated with financial crimes.
- Implement additional steps, validating KYS risk compliance bases on research of partner records
- Perform the required KYS / Anti Bribery Corruption Anti-Tax Evasion screenings on partners documenting the information obtained on the clients as required by UK KYS Regulatory guidelines.
- Work as a team player and ensures that the team is guided to achieve the stakeholder expectation.
- Obtain mandatory documents and reports as per KYS requirements
Contributing Responsibilities
- Contribute to the implementation of Permanent Control policies and procedures in day-to-day business activities
- Ensure all requests received are assigned within the team and drives the team to achieve the expectation set by onshore
- Active participation in regular review of operational procedural changes /requirements during processing functions / staff meetings
Specific Qualifications (if required)
University Graduate
Sound knowledge of the on-boarding/ KYC recertification process
Knowledge of the global and local regulations related to banking and financial services.