Kyc Executive

Bharat Valley Limited; Mumbai; On-site; INR 600,000 - 800,000; Full time

Job summary

Bharat Valley Limited in Mumbai seeks an Audit Planning & KYC/AML specialist to manage merchant sample allocation and document collection. You will review KYC/AML documents, verify MCC classifications, and ensure compliance with policy requirements while coordinating with payment aggregators and bank audit teams.

The role emphasizes precise data tracking in Excel, timely follow-ups, and clear audit observations to close gaps. Strong communication skills are essential.

Qualifications

• Graduate degree in Commerce / Finance / Banking / Business Administration.
• Experience in KYC/AML or banking operations is preferred.
• Proficiency in document review and data accuracy.

Responsibilities

• Coordinate with Bank team for quarterly merchant sample allocation.
• Review merchant samples and identify duplicates from previous audit periods.
• Coordinate with stakeholders for sample confirmation and document collection.
• Follow up with Payment Aggregators for pending KYC and AML documents within defined timelines.
• Maintain quarter-wise audit trackers in Excel.
• Send weekly status updates and track all pending actions to closure.
• Review KYC documents against Board Approved KYC Policy.
• Verify completeness, validity and relevance of mandatory merchant documents.
• Verify AML screening evidence, dates, system records and supporting documents.
• Review MCC against merchants actual business activity.
• Identify prohibited or inappropriate MCC classifications and expedite corrective action.
• For Payment Gateway merchants, review website/app requirements (business details, policies, pricing, checkout flow, SSL/security).
• Prepare audit observations and reports; coordinate with Bank audit team for review comments.

Skills

KYC/AML concepts

Document review

MS Excel

Attention to detail

Written communication

Stakeholder management

Auditing observations

Email drafting

Education

Graduate in Commerce/Finance/Banking/Business Administration

Tools

MS Excel

Job description

Role & responsibilities

Audit Planning & Sample Management

• Coordinate with the Bank team for quarterly merchant sample allocation.
• Review merchant samples and identify duplicate samples from previous audit periods.
• Coordinate with stakeholders for sample confirmation and document collection.

Document Collection & Follow-up

• Follow up with Payment Aggregators for pending KYC and AML documents within defined timelines.
• Maintain accurate quarter-wise audit trackers in Excel.
• Send weekly status updates and ensure all pending actions are tracked to closure.

KYC, AML & MCC Review

• Review KYC documents against the Payment Aggregators Board Approved KYC Policy.
• Verify completeness, validity and relevance of mandatory merchant documents.
• Verify AML screening evidence, screening dates, system records and supporting documents.
• Review Merchant Category Code (MCC) against the merchants actual business activity / Line of Business.
• Identify prohibited, restricted or inappropriate MCC classifications and expedite / recommend corrective action.
• For Payment Gateway merchants, review website/app-related requirements such as business details, policies, pricing, checkout flow, SSL/security and functionality.

Audit Observations & Reporting

• Prepare clear and accurate audit observations for identified gaps.
• Share observations with stakeholders and follow up for clarification / supporting documents.
• Review responses and additional documents submitted by Payment Aggregators and assess whether observations can be closed.
• Prepare and update audit reports covering KYC, AML, MCC and other audit observations.
• Coordinate with the Bank audit team for review comments and incorporate required changes.

Stakeholder Coordination & Governance

• Participate in weekly audit status meetings and document action points wherever required.
• Maintain professional communication and follow the defined escalation matrix

Preferred candidate profile

Qualifications

• Graduate in Commerce / Finance / Banking / Business Administration.

Experience

• 1-3 years of experience in KYC, AML, banking operations, audit, compliance, payment aggregator or fintech operations.
• Candidates with experience in Banking / FinTech / Payment Aggregators / KYC / AML / Internal Audit / Compliance will be preferred.

Key Skills

• Good understanding of KYC and AML concepts.
• Strong document review and analytical skills.
• Good knowledge of MS Excel.
• Strong attention to detail.
• Good written and verbal communication.
• Ability to manage multiple stakeholders and follow-up timelines.
• Ability to identify discrepancies and document audit observations clearly.
• Good email drafting and professional communication skills.

Who Will Do Well in This Role

• Highly detail-oriented and disciplined with follow-ups.
• Comfortable working with large volumes of documents and Excel trackers.
• Accuracy-driven, ensuring documents are not missed or incorrectly reported as outstanding.