Analyst EDD

YES BANK; Dadri; On-site; INR 600,000 - 900,000; Full time

Job summary

YES BANK in India is seeking an Enhanced Due Diligence (EDD) Analyst to conduct due diligence on existing customers, verify identities, assess risk, and identify Beneficial Ownership. The role requires ensuring all findings are documented in line with internal compliance standards and coordinating with stakeholders and vendors for timely investigations.

Responsibilities include KYC verification, risk assessment, and maintaining audit trails, with a focus on accuracy and regulatory adherence

Qualifications

• Experience performing KYC/EDD using government-issued IDs.
• Ability to assess and document risk ratings.
• Strong documentation and audit trail skills.

Responsibilities

• Perform initial due diligence on existing customers.
• Verify identities and identify Beneficial Ownership.
• Evaluate activities and assign risk ratings.
• Maintain case trackers and MIS reports.

Skills

KYC Verification

Due Diligence

Risk Assessment

Stakeholder Coordination

MIS Reporting

Tools

MS Excel

Job description

A two-to-three-line statement outlining the objective or the reason for which the job exists. 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)

• Screening & Investigation Effectiveness: Alerts / anomalies correctly identified and properly investigated with complete documentation.
• EDD Case Turnaround Time (TAT): cases completed within defined service level timelines
• Case Tracking & MIS Reporting: Timeliness and accuracy in maintenance of case trackers
• 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. People Management NA