As part of a comprehensive client review project for our client, we are currently looking for KYC Specialists to strengthen the project task force.
Key responsibilities- Conduct thorough background checks on clients to confirm their identity, including verifying personal information, financial transactions, and business affiliations
- Ensure compliance with KYC, AML, and other relevant regulations
- Evaluate the risk level of customers by assessing factors such as geographic location, type of business, and transaction history
- Identify and escalate high-risk cases that may require enhanced due diligence
- Collect, review, and verify all necessary documentation required for onboarding new customers and maintaining existing ones
- Ensure all customer records are accurate and up to date
- Monitor customer transactions for suspicious activities that could indicate illegal behaviour, such as money laundering or terrorist financing
- Stay informed about changes in regulations related to KYC, AML, and Compliance
- Ensure the bank’s KYC policies and procedures comply with local and international standards
- Prepare reports and documentation for internal audits or regulatory examinations
- Close collaboration with Legal, Compliance and Risk Management teams
- Coordinate with client relationship managers and other departments to ensure smooth onboarding and ongoing monitoring processes Requirements
- Commercial banking apprenticeship and/or university degree in finance, economics, law or a related field
- Certifications such as CAMS (Certified Anti-Money Laundering Specialist) or ICA (International Compliance Association) preferred
- 5-10 years of relevant professional experience in banking
- Deep understanding of KYC, AML, and other relevant regulatory requirements
- Strong attention to detail to ensure that customer information is verified accurately and thoroughly
- Analytical thinking to assess risk and detect suspicious patterns
- Ability to communicate findings and escalate issues effectively to management and regulatory bodies
- Capable of identifying and addressing compliance issues efficiently and developing solutions to mitigate risks
- Familiarity with compliance software, transaction monitoring tools, and data management systems used in KYC and AML processes