Due Diligence Analyst

Role & responsibilities

EDD Analyst will be responsible for conducting detailed due diligence on existing customers, including KYC verification, Customer profile, risk assessment, and identification of beneficial ownership. They will analyze customer profiles and transactions to detect potential risks or anomalies and ensure all findings are accurately documented in line with internal compliance standards. They also coordinate with stakeholders and vendors to complete investigations within defined timelines. These responsibilities are representative, and the role holder is also responsible for any other job assigned by the superior authorities from time to time. This section in not intended to be an exhaustive listing of all activities done by the role holder. It should capture only the key responsibilities of the role. Metrics that are used to evaluate the success / performance of the role; specific targets do not need to be included as those would change from Y-o-Y. Responsibilities KPIs Strategy and Planning.

Customer Onboarding/KYC: Perform initial due diligence on existing customers, ensuring all necessary documentation is collected and verified.

Verification: Verify customer identities (name, address, date of birth) using government-issued IDs, and identify Beneficial Ownership (UBO) for legal entities.

Risk Assessment: Evaluate customer activities to determine potential risks to the organization, assigning risk ratings and identifying high-risk clients requiring Enhanced Due Diligence (EDD)

1. Screening & Investigation Effectiveness: Alerts / anomalies correctly identified and properly investigated with complete documentation.

2. EDD Case Turnaround Time (TAT): cases completed within defined service level timelines 3. Case Tracking & MIS Reporting: Timeliness and accuracy in maintenance of case trackers

4. Stakeholder coordination: Collaboration with multiple Policies, Processes & Procedures

Screening: Screen customers documents and profile and abnormalities to be picked up for further investigation and verification.

Investigation and Documentation: Document all due diligence findings and research in the system to maintain audit trails for future references. 

Customer coordination: Callout the customer to understand the actual profile and to ensure a through EDD and collect the requisite documents from customer wherever required. stakeholders for timely resolution of Issues

Vendor Coordination: Officer may be required to coordinate with vendors for report etc.

Stakeholder Coordination: Alerts to be raised to branches and monitor them for closure within defined TAT.

MIS: Tracker of all the cases to be maintained and shared with management for review.