We are seeking a diligent and analytical AML/KYC/Fraud Analyst to join KVC Consultants Ltd. In this crucial role, you will be responsible for conducting thorough investigations, analyzing suspicious activities, and ensuring compliance with Anti-Money Laundering (AML), Know Your Customer (KYC), and fraud prevention regulations.
Roles and Responsibilities:
- Conduct comprehensive investigations into suspicious transactions and activities to identify potential money laundering, terrorist financing, or fraudulent behavior.
- Perform Know Your Customer (KYC) due diligence on new and existing clients, including reviewing documentation, conducting background checks, and assessing risk profiles.
- Analyze complex financial data, transaction patterns, and customer information to detect anomalies and red flags indicative of illicit activities.
- Prepare detailed Suspicious Activity Reports (SARs) or other necessary reports for submission to relevant regulatory authorities.
- Stay updated with the latest AML, KYC, and fraud prevention regulations, industry best practices, and emerging threats.
- Collaborate with internal teams, including compliance, legal, and risk management, to ensure adherence to regulatory requirements.
- Assist in the development and implementation of fraud detection and prevention strategies and controls.
- Respond to inquiries from internal and external auditors regarding AML, KYC, and fraud-related matters.
- Maintain accurate and organized records of all investigations, findings, and resolutions.
Skills Requirement:
- Strong analytical and investigative skills with keen attention to detail.
- In-depth understanding of Anti-Money Laundering (AML) principles, regulations, and best practices.
- Solid knowledge of Know Your Customer (KYC) processes and customer due diligence.
- Experience in fraud detection and prevention methodologies.
- Ability to analyze large datasets and identify suspicious patterns.
- Familiarity with financial crime compliance software and tools is a plus.
- Excellent written and verbal communication skills for reporting and interaction with various stakeholders.
- Strong ethical compass and commitment to regulatory compliance.
- Ability to work independently and as part of a team in a fast-paced environment.
QUALIFICATION:
- Bachelor's degree in Finance, Economics, Criminology, Business Administration, or a related field. Professional certifications such as ACAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner) are highly desirable.
