Senior KYC Analyst

Uncover; Bengaluru; On-site; INR 1,400,000 - 2,100,000; Full time

Job summary

Novo is seeking a Senior KYC Analyst to ensure our platform operates efficiently while minimizing losses and onboarding friction. You will manage KYC/AML processes, perform onboarding and ongoing due diligence, and ensure SLAs are met.

You will work with screening tools such as WorldCheck and OFAC, assess risk of PEPs and sanctioned countries, and collaborate with Legal to resolve issues.

Qualifications

• 3–5 years experience in KYC/compliance.
• Background working in U.S. markets or fintech/tech.
• Comfortable working in the US shift.
• Strong data sensitivity and MS Excel skills.

Responsibilities

• Understand and manage KYC and AML processes.
• Support the origination and in-life management of deposits by handling the Customer/Enhanced Due Diligence during on-boarding and in-life periodic reviews.
• Process all applications through a workflow system effectively, within agreed SLAs and goals, and in compliance with company policies and procedures.
• Perform due diligence checks on prospective and existing customers, such as requesting KYC information and documentation.
• Conduct enhanced due diligence on high risk customers, including evaluation of client responses to sources of wealth and intended use of account.
• Investigate identified suspicious clients generated by the screening system, such as WorldCheck and OFAC list.
• Analyze the AML/CFT risk of Politically Exposed Persons (PEP), adverse information, business exposure in high risk & sanctioned countries and elevate the issues to the Legal Team for approval.
• Identify, monitor, evaluate and address customer account actions to address potential risk, fraud or suspicious activity.
• Follow internal policy and procedures when dealing with account related suspicious activity.
• Cross reference multiple databases for potential undesirable client matches

Skills

KYC

AML

Due Diligence

Regulatory Compliance

Data Analysis

Excel

Tools

WorldCheck

OFAC

Job description

About Us

Small businesses are the backbone of the US economy, comprising almost half of the GDP and the private workforce. Yet, big banks don’t provide the access, assistance and modern tools that owners need to successfully grow their business. We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to banking platform for small businesses (SMBs). Novo is flipping the script of the banking world, and we’re excited to lead the small business banking revolution.At Novo, we’re here to help entrepreneurs, freelancers, startups and SMBs achieve their financial goals by empowering them with an operating system that makes business banking as easy as iOS. We developed modern bank accounts and tools to help to save time and increase cash flow. Our unique product integrations enable easy access to tracking payments, transferring money internationally, managing business transactions and more. We’ve made a big impact in a short amount of time, helping thousands of organizations access powerfully simple business banking.

Why Novo?

• Novo is a rapidly growing series B fintech startup with a mission-driven team that’s passionate about helping every small business in America
• Positive, inclusive, supportive culture cheering you on your journey
• We work with very new technologies and architecture patterns
• Offices in NYC and India

Role Summary

We are looking for a Senior KYC Analyst who understands how to ensure that our platform can continue operating in an efficient manner while minimizing downside losses and reducing friction in the onboarding process. If you're passionate about working for a revolutionary early-stage startup, poised for rapid growth and expansion then we want to chat. Are you ready to revolutionize the small business banking industry with us?

About the Role

• Understand and manage KYC and AML processes
• Support the origination and in-life management of deposits by handling the Customer/Enhanced Due Diligence during on-boarding and in-life periodic reviews
• Process all applications through a workflow system effectively, within agreed SLAs and goals, and in compliance with company policies and procedures
• Perform due diligence checks on prospective and existing customers, such as requesting KYC information and documentation
• Conduct enhanced due diligence on high risk customers, including evaluation of client responses to sources of wealth and intended use of account
• Investigate identified suspicious clients generated by the screening system, such as WorldCheck and OFAC list
• Analyze the AML/CFT risk of Politically Exposed Persons (PEP), adverse information, business exposure in high risk & sanctioned countries and elevate the issues to the Legal Team for approval
• Identify, monitor, evaluate and address customer account actions to address potential risk, fraud or suspicious activity
• Follow internal policy and procedures when dealing with account related suspicious activity
• Cross reference multiple databases for potential undesirable client matches

Requirements for the Role

• 3-5 years experience working in KYC/compliance related role in the financial services/banking industry
• Background working in U.S. markets, in a fintech/tech company, or both.
• Comfortable working in the US Shift
• Deep domain expertise in end-to-end KYC and KYB due diligence, supported by a strong operational understanding of sanctions screening, financial crime risk mitigation and BSA/AML compliances.
• Experience with Screening/Data mining and using different search engines in prior role.
• Proficient in MIS, Understanding Data sensitivity, MS Office, with strong Excel skills (e.g., VLOOKUP/XLOOKUP, Pivot Tables, data formatting and Understanding Dashboards)
• An interest in financial crime and idea of digging deeper, looking into customer behaviors and identifying key characteristics of fraudulent users.
• Work on process improvements, conducting training and develop standard operating procedures
• Ability to oversee critical analytics projects from end to end independently.
• Ability to think outside the box, work with limited data, and find solutions to unorthodox problems.
• Excellent written and verbal communication skills.
• Ability to thrive in an ambiguous environment and adapt quickly to changing priorities; focused on getting things done in a highly organized way.
• Ability to work cross-departmentally, without the need for extensive hierarchical corporate structure
• An inquisitive and highly detailed oriented work ethic
• Novo values diversity as a core tenant of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information or any other protected characteristic.