KYC Analyst

UBS; Mumbai; On-site; INR 7,00,000 - 10,00,000; Full time

Job summary

A global wealth management firm in Mumbai is seeking a KYC Analyst. In this role, you will perform client due diligence and onboarding while ensuring compliance with AML standards. Ideal candidates should have at least 2 years of experience in KYC or related fields and a solid understanding of Wealth Management. The firm offers a collaborative environment with opportunities for growth.

Qualifications

• Ideally 2 or more years of experience in KYC, AML/Compliance, Risk Management, and/or Legal background.
• Experience in performing screening for individuals and entities.
• Strong understanding of Wealth Management and various banking products and services.

Responsibilities

• Perform initial review of client files and requests for new account openings.
• Execute Know Your Client (KYC) activities and ad-hoc regulatory reports.
• Conduct Periodic KYC Reviews (PKR) and transactional reviews for high-risk clients.

Skills

Strong analytical thinking

KYC and AML knowledge

Client communication

Attention to detail

Education

Bachelor's degree or international equivalent

Job description

Overview

Job Reference # 325304BR

City Mumbai

Job Type Full Time

Your role Are you a strong communicator with a background in KYC and client onboarding? Are you passionate about supporting a strong risk and control culture by ensuring high standards in client due diligence, onboarding, and periodic KYC Reviews (PKR), in line with internal policies and industry best practices?

We’re looking for a KYC Analyst to:

• perform initial review of client files and requests received from Financial Advisor teams on new account openings, including name and adverse media screening according to internal and external regulations
• execute the Know Your Client (KYC) activities, ad-hoc regulatory requirement reports, and remediations
• conduct Periodic KYC Reviews (PKR) of existing WM US clients, transactional reviews for high and higher risk clients, and screening of all counterparties as per AML US policy requirements
• capture client static data based on client and front office documentation
• perform qualitative reviews of client files to test the execution quality of various WM processes, including new account openings, account maintenance, and name and adverse media screening
• conduct first-line-of-defense (1LoD) testing of key Customer Due Diligence (CDD) controls to assess adherence to AML (anti-money laundering) policy and procedural requirements
• ensure client vetting data and document processing comply with regulations, branch guidelines, standards, and UBS policies for all new accounts
• ensure client vetting data and document processing comply with regulations, guidelines, standards and UBS policies for all new accounts
• complete Final Due Diligence Checklist and negative news searches

Your team

You'll be joining our KYC Operations team, which focuses on the implementation and oversight of the KYC program within the WM US line of business. This role is based out of Mumbai, India. Our team includes KYC analysts and Quality Control (QC) analysts responsible for onboarding and PKR reviews. We work collaboratively with our business partners and WM field leadership to ensure that our Financial Advisors serve their clients in accordance with regulatory requirements.

Your expertise

• ideally 2 or more years of experience in KYC, AML/Compliance, Risk Management, and/or Legal background
• bachelor’s degree or international equivalent required; advanced degree is a plus
• experience in performing screening for individuals and entities
• strong understanding of Wealth Management and various banking products and services
• result-oriented, assertive, and possess strong analytical thinking and critical reasoning skills
• ability to effectively handle a fast-paced environment and successfully meet established deadlines
• ability to interact and work closely with business stakeholders at all levels of seniority

About us

UBS is the world’s largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.

We have a presence in all major financial centers in more than 50 countries.

How we hire

We may request you to complete one or more assessments during the application process. Learn more

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.

We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Disclaimer / Policy statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.