KYC Operations Associate – AML & Compliance

Citi; New York (NY); On-site; USD 65,000 - 90,000; Full time

Job summary

Citi in New York is seeking an entry-level KYC Operations Specialist to participate in AML monitoring, governance, oversight, and regulatory reporting activities. You will assist in developing and managing Citi's internal KYC program and coordinate with Compliance and Control teams.

You will create KYC records, verify information from multiple sources, and ensure documentation meets local and global BSU standards.

Qualifications

• 1–3 years’ experience in banking, finance, or law.
• Experience in control/risk or Compliance (AML/KYC) function (an advantage).
• Knowledge of European Union regulatory KYC/AML requirements.
• Flexible enough to work as per Business timings.
• Bachelor's degree/University degree or equivalent experience.
• ACAMS certification is advantageous.

Responsibilities

• Create the KYC Record in the KYC system sourcing information from internal and external sources by the agreed deadline.
• Proactively interact with relationship management teams and compliance to update system with information until final approval of KYC Record.
• Review information from internal and external sources for company news (Firm website, Regulatory websites, Company website, Dun & Bradstreet, Google etc.).
• Validate the information within the KYC Record and CIP document to ensure completeness and accuracy.
• Complete KYC Record incorporating local regulatory requirements / Global BSU Standards and policies.
• Take responsibility for KYC Record and associated documentation completion from initiation to approval.
• Maintain BSU tool current and be able to demonstrate work carried out.
• Report workflow progress to supervisor.
• Ensure KYC workflow tool is kept up to date, ensuring all mandatory fields, status and commentary reflect an accurate representation of the status at all times.
• Meet agreed daily targets for KYC Record review and completion within agreed Service Level Agreement timeframes.
• Update workflow database regularly throughout the day.
• Highlight any discrepancies to Senior Case Managers, Control Team and Section Managers.
• Escalate any negative news and high-risk cases to RM/PAM/AML Compliance department.
• Assist in departmental projects as required.

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/University degree or equivalent experience

ACAMS certified (an advantage)

Job description

Citi in New York is seeking an entry-level KYC Operations Specialist to participate in AML monitoring, governance, oversight, and regulatory reporting activities. You will assist in developing and managing Citi's internal KYC program and coordinate with Compliance and Control teams.

You will create KYC records, verify information from multiple sources, and ensure documentation meets local and global BSU standards.