The primary responsibility of the KYC Specialist is to complete due diligence reviews for customers while adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) standards.
The KYC Specialist will:
Research specific and fundamental elements of each case
Analyze the data and document their findings
Collect information from branch personnel and customers
Assess customer risk
The risk assessment is determined by conducting research of customer records, verification of account purpose and legitimacy, and analysis of transaction activity. When necessary, the KYC Specialist will escalate risks identified outside of the KYC standards to Global Financial Crimes and Compliance (GFCC) AML Investigations for further action.
Emphasis is placed on accuracy, and ability to identify, assess, and justify the KYC/AML risk review decisions. KYC Specialists must exhibit the highest standards of customer service to our line of business partners and customers.
Review and analyze key elements of each KYC due diligence case, including but not limited to:
- Analyzing data to identify patterns and compare transaction history against KYC standards.
- Utilizing all available tools to verify consumer purpose and legitimacy.
- Interacting with Bankers and customers to obtain required information.
- Determining additional steps required to decision and validate AML risk to the firm.
- ¬ Assessment if escalation to GFCC AML Investigations is required
Record findings and provide supporting documentation to enrich each KYC due diligence case
Conduct follow up with internal partners to ensure timely actions on those cases that require their input
Provide detailed documentation of the due diligence performed
Report progress status as required
Be consistently thorough, accurate, and credible when performing duties
Perform duties within established service level requirements
Escalate any issues, as appropriate, in a timely manner
Exhibit the highest standards of customer service to partners and customers
Knowledge, Skills and Experience
Knowledge of AML/BSA/KYC or financial services industry is preferred
Work experience of 12-36 months, preferably in back office/financial service industry
Ability to identify risk
Strong written communication skills - Ability to draft case summary
Demonstrated strengths in:
- Research and analysis
- Time management, work organization, and follow up
- Attention to detail and a focus on work accuracy
- Verbal and written communication
Flexibility to adapt to changing priorities and business needs, and able to work well in a fast-paced environment
Demonstrated initiative and accountability
Self-starter, capable of working under minimum supervision
Proficiency in Microsoft Office Suite
Candidates should be flexible to work in night shifts (Timings might vary according to Business requirement
Inspiration Manpower Consultancy, one of the fast growing end-to-end Recruitment & Staffing Solutions Consultants in India, was established in the year 2008, Inspiration Manpower provides a comprehensive, end-to-end recruitment solution, that covers every need of the customer, throughout the recruitment cycle.
Our team of experts, with over a decade of experience, bring the best practices & methodologies in the industry. This helps us deliver the optimal solutions for even the most complex challenges to our global customers across industries. Inspiration Manpower leverages technological advance to bring speed, agility and cost efficiency to the whole gamut of processes.
Functions : IT
Industries : ITES/BPO, IT/Computers - Software
Skills/Roles I hire for: CUSTO
level Hiring For: Junior Level, Mid Level, High Level
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