The role focuses on client onboarding (COB) and exceptions in line with regulatory standards and jurisdictions.
The person provides regular communication to senior stakeholders on changes in KYC, Anti Money Laundering (AML) and Anti Financial Crime (AFC) areas and ensures any required modifications are implemented with minimum disruptions.
Performing due diligence on customers on screening system and media adverse search on the internet
Identifying Beneficial Owners in case of Companies/ Partnership/ Trusts/ Funds etc
Document the investigations thoroughly by recording the details of the alert, the data considered, the basis of the conclusion, and any evidence gathered that supports the conclusion.
Ensure that the KYC policy is being adhered to and the same is being updated as per the regulatory changes
Be the first point of contact for periodic KYC reviews
Arrange weekly, bi-weekly, monthly, quarterly, and annual reports
Qualifications
ICA Diploma in KYC and CDD and/or CAMS is a plus
Have a good understanding of AML/ KYC requirements, FIU reporting, FATF Recommendations, Beneficial Owners, identification of Politically Exposed Persons, Adverse Media screening etc
Understanding of relevant regulations, databases and proper documents needed to perform KYC/AML screening
Experience
Minimum 5 years of experience in handling KYC/AML in NBFC/ Banks/Wealth Management/Asset Management
