Associate II - AML KYC (Chennai)

UST; Chennai District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

UST is seeking a Business Process Operations Analyst / AML Due Diligence Analyst in Chennai to execute comprehensive AML/KYC due diligence during onboarding and periodic review of clients/investors.

The role covers data collection through risk evaluation, verification, and record maintenance, with responsibilities spanning document collection, review, risk scoring, name screening, and ongoing monitoring.

Qualifications

• Experience in AML/KYC due diligence processes.
• Onboarding and periodic client review experience preferred.
• Ability to apply risk scoring models and document rationale.

Responsibilities

• Collect and verify AML/KYC documents for onboarding.
• Assess risk factors and assign risk ratings with justification.
• Conduct name screening against sanctions, PEP, and adverse media databases.
• Maintain records and generate due diligence summaries with narrative evidence.
• Communicate with stakeholders to resolve queries and support onboarding.

Skills

AML/KYC

Risk assessment

Documentation handling

Due diligence

Screening

Communication

Tools

KYC systems

Regulatory databases

Job description

Job Description: This role is to hire a Business Process Operations Analyst . AML Due Diligence Analyst To execute comprehensive AML/KYC due diligence activities during onboarding and periodic review of clients/investors. The role requires rigorous attention to every stage of the due diligence lifecycle, from data collection through risk evaluation, verification, and record maintenance.

Key Responsibilities:

1. Collection and Verification of Documentation

   Initial Documentation Request: Communicate directly the dedicate client facing function to request all required AML/KYC documents, specifying the exact type and format acceptable (e.g. certified true copy, translation requirements, apostille as needed).

   Document Review: Examine and validate identification documents (passports, national IDs, corporate registration, beneficial ownership structures, proof of address, source of wealth/source of funds evidence) for completeness, authenticity, and alignment with declared information.

   Beneficial Ownership Analysis: Identify, document, and verify all ultimate beneficial owners (UBOs), controllers, and significant persons associated with the client/investor, in line with the latest regulatory thresholds and definitions.

   Tax and Regulatory Classification: Collect and record information for FATCA, CRS, ensuring proper classification (US person, reportable account, direct investment versus intermediary etc.) and obtain self-certifications where required.

2. In-depth AML Risk Assessment Application of Risk Scoring Models

   Assess AML risk based on the client's jurisdiction, entity type, ownership structure, product type, distribution channel, and the nature of expected transactions. Risk Factors Evaluation: Thoroughly consider standard and enhanced risk factors such as:

   • Politically Exposed Person (PEP) involvement
   • Business/sector risk (e.g., cash-intensive businesses, trust/charity structures)
   • Geographical (country of residence/incorporation) risk ratings high, standard, or low, referencing the most recent risk maps and regulatory guidance
   • Complex ownership/asset structures or use of intermediaries
   • Unusual or opaque sources of wealth or funding

   Risk Rating Assignment: Assign an overall risk score (e.g., Low/Medium/High) in accordance with defined guidelines. Clearly document the justification for each risk rating step.

3. Name Screening and Negative Media Checks KYC Screening

   Conduct KYC name screening for all relevant parties (client/investor, UBOs, directors, signatories) against:

   • Sanctions lists (OFAC, EU, UN, HMT, etc.) PEP databases
   • Adverse media/news (e.g. World-Check, Dow Jones) Handling

   Log all screening hits and determine genuine matches versus false positives using robust procedures.

   Investigate potential matches, assess risk implications, and escalation genuine hits to Senior Analysts or Team Leaders per escalation matrix.

   Document all screening findings and investigations, ensuring clarity and auditability. For more guidance, please refer to the section Screening Investigation and Documentation at the end of this document.

4. Due Diligence Level Application & Enhanced Due Diligence Activities

   Determine Due Diligence Level: Apply the correct level of due diligence (Standard or Enhanced) as determined by the risk assessment.

   For Standard Due Diligence: Satisfy baseline identification and verification steps and review for basic red flags.

   For Enhanced Due Diligence (EDD): Conduct additional verification steps which may include:

   • Seeking independent or corroborative evidence of source of wealth/funds
   • Gathering additional documentation for high-risk countries or complex structures
   • Conducting web-screening for reputational risk
   • Liaising with compliance for approval prior to onboarding/investment approval

   Ongoing Monitoring: Participate in periodic reviews, event-driven reviews (triggers such as change in ownership, negative news, new PEP status), and transaction monitoring reviews as instructed.

5. Record Keeping, System Updates and Reporting Data Entry

   Ensure accurate and timely updates to due diligence data in KYC and investor registry systems; maintain detailed and logically organised electronic files and audit trails.

   Reporting: Prepare internal checklists, due diligence summaries with explanatory narrative on the due diligence performed (e.g.: risk driver, red flag), and escape files requiring review in a clear, fully documented manner.

6. Communication and Support Investor and Counterparty Queries

   Efficiently handle inbound and outbound communications (phone, email, conference calls) related to document requests, clarification of AML requirements, regulatory queries, and case status updates. Collaboration: Work closely with Senior Analysts, Team Leaders, Compliance, and other internal stakeholders to resolve open points and ensure seamless onboarding or review.

7. 7. Compliance and

   7. Compliance and