Analyst, Specialist - Know Your Customer, Small Medium Enterprises

Key Accountabilities

• Conduct KYC, CDD, and EDD reviews for new and existing customers in accordance with regulatory and bank policies.
• Assess customer risk profiles by reviewing client information, financial statements, ownership structures, and supporting documentation.
• Ensure timely completion and accuracy of KYC documentation, onboarding reviews, remediation activities, and periodic reviews.
• Identify, investigate, and escalate potential AML, sanctions, financial crime, or regulatory concerns.
• Partner with Relationship Managers, Compliance, Legal, Operations, and other stakeholders to resolve KYC-related issues.
• Maintain complete and accurate customer records and documentation to support audit and regulatory requirements.
• Monitor regulatory developments and ensure adherence to AML, KYC, FATCA, CRS, and other applicable compliance requirements.
• Support internal audits, regulatory inspections, and compliance monitoring activities.
• Drive continuous process improvements to enhance efficiency and control effectiveness within the KYC function.

Job Duties & Responsibilities

• Conduct thorough Know Your Customer (KYC) reviews and due diligence on prospective and existing clients within the SME Banking and Institutional Banking Group
• Analyse client information, financial data, and other relevant documents to assess risk and ensure compliance with regulatory requirements
• Collaborate with cross-functional teams, including relationship managers and compliance officers, to identify and mitigate potential risks
• Stay up to date with the latest regulatory changes and industry best practices related to KYC and anti-money laundering (AML) procedures
• Provide guidance and support to relationship managers and clients on KYC and AML-related matters
• Maintain accurate and comprehensive records of client information and KYC documentation

Requirements

• Minimum 3-5 years of experience in a similar role, preferably in the banking or financial services industry
• Minimum 3-5 years of experience in KYC, AML, Financial Crime Compliance, Client Onboarding, or Regulatory Compliance within Banking or Financial Services.
• Strong analytical and problem-solving skills with the ability to identify and assess risks
• Excellent communication and interpersonal skills to interact with clients and cross-functional teams
• Thorough understanding of KYC, AML, and other relevant regulatory requirements
• Proficient in using relevant software and technology tools to manage client information and documentation
• Ability to work independently and as part of a team

Education / Preferred Qualifications

• Bachelors Degree in Commerce, Finance, Accounting, Economics, Business Administration, or a related discipline.

Core Competencies

• Analytical Thinking
• Risk Assessment & Decision Making
• Attention to Detail
• Problem Solving
• Customer Due Diligence
• Regulatory Compliance
• Stakeholder Management
• Communication & Interpersonal Skills

Technical Competencies

• KYC / CDD / EDD Processes
• Anti-Money Laundering (AML) Regulations
• Sanctions Screening & Watchlist Management
• FATCA & CRS Requirements
• Regulatory Compliance Frameworks
• Customer Risk Rating Methodologies
• Adverse Media Screening
• Financial Statement Analysis

Job Details

• Job: Compliance
• Schedule: Regular
• Employee Status: Full time
• Location: Mumbai

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