Senior Onboarding Specialist

CodeGama; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

CodeGama is seeking an AML/KYC professional to lead onboarding and risk assessments across customers, merchants, and partners in Bengaluru. You will perform KYC/CDD, risk-based decisions, and maintain thorough records to ensure regulatory readiness.

The role involves PEP/watchlist screening, EDD for high-risk entities, escalation of issues to Compliance, and close collaboration with stakeholders to strengthen the AML/KYC framework.

Responsibilities

• Conduct comprehensive KYC/CDD assessments for customers, merchants, entities, and partners during onboarding.
• Assess customer/merchant risk by geography, activity, transactions, ownership, and other factors.
• Identify onboarding issues, gaps, inefficiencies; recommend enhancements to onboarding and AML/KYC framework.
• Review customer IDs, business docs, ownership structures, UBOs, Source of Funds (SOF) and Wealth (SOW).
• Escalate AML/sanctions concerns to Compliance head/MLRO.
• Perform PEP/sanctions/adverse media/watchlist screening and disposition matches.
• Identify and evaluate AML, sanctions, fraud risks in customers and relationships.
• Conduct EDD for high-risk customers/entities/jurisdictions/products/relationships.
• Analyze complex structures and establish Ultimate Beneficial Ownership (UBO).
• Investigate inconsistencies and red flags; ensure resolution or escalation.
• Raise and manage RFIs/RFEs and coordinate with stakeholders.
• Provide onboarding recommendations and risk-based decisions.
• Maintain case records, rationale, supporting docs, and audit trails.
• Ensure onboarding cases complete within defined TAT/SLA.
• Support periodic KYC refresh and ongoing due diligence.
• Support regulatory examinations, internal audits, QA reviews, compliance testing, remediation.
• Stay updated on AML/KYC regulations, FATF guidance, sanctions, regulatory developments, and assess impact.

Job description

• Conduct comprehensive KYC/CDD assessments for customers, merchants, business entities, and partners as part of the onboarding process.
• Assess customer and merchant risk based on geography, business activity, transaction profile, ownership, customer type, and other relevant risk factors.
• Identify recurring onboarding issues, control gaps, and process inefficiencies and recommend appropriate enhancements to strengthen the onboarding and AML/KYC framework.
• Review and validate customer identification, business documentation, ownership structures, UBO details, Source of Funds (SOF), and Source of Wealth (SOW), where applicable.
• Escalate identified AML, sanctions, financial crime, or regulatory concerns to the appropriate Compliance head/MLRO team for further review.
• Perform PEP, Sanctions, Adverse Media, and Watchlist screening and appropriately assess and disposition potential matches.
• Identify and evaluate AML, sanctions, fraud, and other financial crime risks associated with customers, merchants, and business relationships.
• Conduct Enhanced Due Diligence (EDD) for high-risk customers, entities, jurisdictions, products, and business relationships.
• Analyze complex corporate structures and establish Ultimate Beneficial Ownership (UBO) in accordance with applicable regulatory and internal requirements.
• Investigate inconsistencies, incomplete information, unusual documentation, and other onboarding red flags, ensuring appropriate resolution or escalation.
• Raise and manage Requests for Information (RFI/RFE) and coordinate with relevant stakeholders to obtain required information and supporting documentation.
• Provide clear onboarding recommendations and risk-based decisions in line with internal policies, procedures, and the organisation's risk appetite.
• Maintain comprehensive case records, review rationale, supporting documentation, and audit trails to ensure audit and regulatory readiness.
• Ensure onboarding cases are reviewed and completed within defined TAT/SLA requirements while maintaining quality and regulatory standards.
• Support periodic KYC refresh, ongoing due diligence, and customer risk reviews based on applicable triggers and review cycles.
• Support regulatory examinations, internal audits, quality assurance reviews, compliance testing, and remediation activities.
• Keep abreast of applicable AML/KYC regulations, FATF guidance, sanctions requirements, regulatory developments, and industry best practices, and assess their impact on onboarding processes.