KYC Operations Analyst

Citi; Pune District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Citi in Pune, India seeks a KYC Operations Analyst to support AML monitoring, governance and regulatory reporting within the Compliance and Control framework. You will help develop and manage Citi's internal KYC program, liaising with relationships, Compliance and other internal units to ensure accurate KYC/CIP data and timely reviews.

The role involves reviewing records, ensuring regulatory alignment, handling escalation for expiring records, and working night shifts.

Qualifications

• Need candidate to hold previous relevant experience of minimum 5 to 8 years.
• CAMS preferred
• Candidate should be willing to work in US shift/night shifts.

Responsibilities

• Prepare and approve electronic KYC records and appendices.
• Validate information in KYC records and CIP documents.
• Ensure KYC records meet local / Global BSU standards and Citi requirements.
• Assist Citi on KYC efforts per NAM Retail AML KYC Ops procedures.
• Perform scheduled and unscheduled KYC reviews across client types and risk classes.

Skills

Business Acumen

Regulatory Knowledge

Risk Management

Policy & Procedure

Management Reporting

Program Management

Due Diligence

Risk Remediation

KYC Procedures

Education

Bachelor's degree

CAMS preferred

Job description

The KYC Operations Analyst is responsible for participating in Anti-Money Laundering (AML) monitoring, governance, oversight and regulatory reporting activities in coordination with the Compliance and Control team. The overall objective of this role is to assist in the development and management of a dedicated internal KYC (Know Your Client) program at Citi.

Responsibilities:

• Partner with Relationship Management and Compliance teams to assist with the preparation, development, due diligence and approval of the electronic Know Your Client (KYC) record and supporting appendices
• Validate the information within KYC records and Customer Identification Program (CIP) documents to ensure completion and accuracy
• Ensure KYC records incorporate local regulatory requirements / Global Business Support Unit (BSU) Standards
• Assist Citi on KYC efforts in accordance to the NAM Retail AML KYC Ops (NTB) procedures
• Perform KYC reviews (Scheduled & Unscheduled Reviews for Individual Client types across varied risk classes) including monitoring and tracking of KYC records, assisting with the development and execution of action plan for expiring records, and ensuring records are not past due
• Determining if the accounts are in scope
• Client Identification, Verification and Screening
• Information such as customer's address, employment (including employer), connectivity to PEP/SPF (Sanctions Screening), will be validated and confirmed. These will be validated based on existing information available or through approved third party sites. Based on the results, enhanced due diligence checks will be performed which include negative news and social media checks
• Partner with internal units to ensure adequate due diligence process is carried out for customer accounts and documentation reviews
• Ensure all information and documentation comply with local regulation and Citi standards
• Send the requests to Outreach/RM for accounts where information is required to complete the review
• Any suspicious product usage from AML perspective gets highlighted to senior management for further reviews promptly
• Ensure to maintain quality standards (90% and above) for the KYC reviews undertaken
• Ensure any tech issue/procedural clarifications gets highlighted to managers for further review and guidance
• Ensure to get Quality Control (QC) review done on files prior to submission and respond/correct any discrepancies identified during QC reviews
• Submit record for Business Approval once review is complete and respond/correct any discrepancies identified during BA reviews
• Willing to work in night shifts

Qualifications:

• Need candidate to hold previous relevant experience of minimum 5 to 8 years
• CAMS preferred
• Candidate should be willing to work in US shift/night shifts

Education:

• Bachelor's degree

Job Family Group

Operations - Services

Job Family

Business KYC

Most Relevant Skills

Business Acumen, Credible Challenge, Laws and Regulations, Management Reporting, Policy and Procedure, Program Management, Referral and Escalation, Risk Controls and Monitors, Risk Identification and Assessment, Risk Remediation.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi's EEO Policy Statement and the Know Your Rights poster.