KYC Analyst-Mumbai

Sumitomo Mitsui Banking Corporation (SMBC); Mumbai; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation (SMBC) in Mumbai is seeking a KYC Analyst to perform due diligence on new customers, screen and gather KYC information, and update records in the KYC workflow.

You will review periodic/KYC documents, conduct enhanced due diligence for high-risk or PEP cases, and coordinate with Compliance and Operations to process transactions and approvals.

Graduate with 1–4 years of experience and knowledge of KYC regulations is preferred.

Qualifications

• KYC and transaction processing knowledge.
• Familiarity with KYC regulations.

Responsibilities

• Perform due diligence on new customers, screening and requesting KYC information.
• Review KYC documents for periodic review and Re-KYC; liaise with customers to obtain documents.
• Perform customer updates and further due diligence for High Risk/PEP cases.
• Work with Compliance and Operations for approval of KYC records and related processes.
• Process customer transactions for loans and deposits and related documentation.
• Liaise with customers and internal teams for remittance and related inquiries.
• Initiate quarterly KYC/interest-related documentation updates; assist with document submissions.
• Other department-specific tasks as assigned.

Skills

KYC processing

Transaction processing

KYC regulations

Education

Graduate

Job description

Mumbai, India

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network. We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

• Performing due diligence on new customer, screening, requesting the KYC information from the customer, review the documents received and updating all the relevant information into the KYC workflow system.
• Undertaking review of KYC documents for their Periodic review, Re-KYC and liaising with the customer to obtain requisite documents.
• Performing Customer Update, ad-hoc review of the customer s record as and when required
• Perform further due diligence on customers identified to be High Risk, PEP etc.
• Work closely with internal teams including Compliance, Operations for approval of the KYC records, submission of the documents, sharing account related information with the customer etc.
• Processing customer transactions for Loans, Deposits including preparation of the instruction sheet
• Liaising with customer and internal teams for Inward/Outward interest remittance, GST invoice, ECB Returns, Balance Confirmation, Interest Servicing (ECB & INR) and communicating it to the customer
• Initiating quarterly reset of Interest by raising Instruction sheet
• Liaising with Internal teams and clients for execution of documents and further submission
• Any other department specific work that is assigned

Qualification & experience required

1. Knowledge - KYC & Transaction processing
2. Skills - Knowledge of KYC process and regulations
3. Experience - 1-4 Years
4. Qualifications - Graduate

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