KYC Operations Analyst

Citi; Pune District; On-site; INR 600,000 - 800,000; Full time

Job summary

A multinational financial services company is seeking a KYC Operations Analyst to participate in their Anti-Money Laundering (AML) assessments and ensure the accuracy of regulatory reports. The role requires a Bachelor's degree, along with 5 to 8 years of relevant experience. Candidates must be willing to work in US shifts and night shifts as needed. Responsibilities include conducting KYC reviews and ensuring compliance with local regulations and internal standards.

Qualifications

• 5 to 8 years of relevant experience required.
• CAMS certification preferred.
• Willingness to work in night shifts.

Responsibilities

• Participate in AML monitoring and regulatory reporting.
• Validate KYC records for completion and accuracy.
• Perform KYC reviews for various risk classes.
• Conduct client identification and verification.
• Highlight suspicious activities to management.
• Maintain quality standards for KYC reviews.

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

Education

Bachelor's degree

Job description

At Citi, 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.

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

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