PRIMARY OBJECTIVE OF THE JOB:                                                                                                                                  

The KYC Compliance Analyst will support the day-to-day compliance efforts related to Anti Money Laundering and the Counter Financing of Terrorism (“AML/CFT”) and Fraud Prevention and ensure that the KYC process is effective and it complies with local policies and procedures as well as AML/CFT laws and regulations and best practices including FinTech KYC practices.

 NUMBER OF PERSONS MANAGED/SUPERVISED AND THEIR POSITIONS:                                                                                                                                  

N/A

 MAIN DUTIES AND RESPONSIBILITIES:                                                                                                                                  

• Responsible for client account onboarding onto our core platform as well as 3rd party vendor platforms;
• Review documentation for new customer accounts assessing any compliance takeaways and impacts that will require to know when to escalate with management;
• Evaluate high-risk accounts and analyze new customer processes and policies;
• Study market trends and observe customer behavior patterns within the organization;
• Review new product proposals and analyze risk and compliance issues relating to these products;
• Ensure that new account holders are not high–risk customers and do not have restrictions or negative activities that would impact their opening of a new account;
• Manage appropriate risk classification for customers following transaction monitoring results using 3rd party vendor platforms;
• Analyse existing policies and procedures relating to new customer research and account analysis to ensure compliance and make suggestions for improvements to these processes;
• Manage correspondence and formal requests from management along with various operational teams under extremely fast-paced and high-pressure situations;
• Serve as the subject matter expert for both basic and complex client onboarding situations; educating operations and vendor teams on event specifics and have the ability to navigate the process front to back;
• Look for alternative methods to gain efficiency and accuracy using technology solutions, critical thinking and coordinate with stakeholders for implementation;
• Understanding of product setup, transaction lifecycle, and familiarity with operations support functions ensuring policies and procedures are followed;
• Conduct Compliance checks and branch and agent visits to ensure compliance with KYC and record retention policies and procedures;
• Collaborate for the smooth functioning of the live transaction monitoring process;
• Continuously review, and secure customer due diligence and enhanced due diligence information to facilitate the release of transaction alerts issued by our transaction monitoring systems (Automatic and Manual);
• Follow up with staff, agents & customers, and remittance partners, as necessary, if requisite consumer due diligence documents are not received;
• Any other responsibility as required by the Corporate Chief Compliance Officer or the Compliance Officer and Money Laundering Reporting Officer (MLRO)

 ACADEMIC QUALIFICATIONS AND EXPERIENCE REQUIRED:                                                                                                                               

• Bachelor of Accounting, Law, Criminal Sciences or a related field
• At least two (2) years experience, working in a similar capacity within a financial institution
• Member of Association of Certified Anti-Money Laundering Specialist (ACAMS) or equivalent qualification (Desirable);
• Financial services, FinTech or banking background;
• Understanding of remittances, payment flows, prepaid cards, alternate payments, and mobile wallet transactions;
• Good computer skills (especially proficiency in EXCEL) or specific transaction monitoring systems