Process Specialist

Job Description:

• Perform KYC checks by applying relevant CDD/EDD measures to ensure internal and external policy requirements are adhered.
• Data validation and extraction – identifying/validating customer information like legal names, registered/trading address etc., nature of business, industry classification codes and updating missing information from valid sources
• Familiar with AML/KYC regulations and industry guidelines (FSA, JMLSG, EU Money Laundering Directives, MiFID)
• Perform due diligence of new and existing clients covering a wide range of different client types including Listed and Regulated, small/medium/ large private, public companies as well as more complex structures such as SPVs, Co-operatives, Foundations and Funds, Governments, Joint Ventures.
• Determining risk levels by looking into their geographical risk, product risk, country risk, industry risk, involvement of PEPs
• Conducting additional screening and adverse media checks where necessary
• Ability to identify KYC gaps and raise the same with RMs or client (Customer Outreach)
• Escalate concerns to compliance teams wherever applicable
• Assess/ Re-assess risk ratings depending on various KYC attributes or factors.
• Responsible for operational review and quality controls of KYC
• Ensure proper naming conventions and documentary proofs are evidenced for audit purpose
• Buddying with newcomers to the process for supporting knowledge transfer
• Prepare Management Information reporting files in adherence to process, procedure and policies

Skills and Experience :

• Minimum of 2-8 years of relevant KYC experience
• Experience working on relevant risk systems and processes
• Expertise working on any of the screening tools such as Factiva, RDC, World check, Lexis Nexis
• Good understanding working on external data sources and third-party systems used as a part of the due diligence process
• Prior understanding Regulatory Compliance and trained client specific processing requirements
• Good analytical skills
• Strong research skills and experience with the Internet and on-line research systems
• Having an eye for details and adaptability to learn new processes and concepts
• Flexible to work in rotation shifts, time management, and ability to prioritize and work effectively to tight deadline

Communications and Working Relationships :

• Excellent written and verbal communication skills
• Demonstrated ability to develop healthy business relationships with co- team members, team leaders, Managers and other business partners
• Ability to work independently and multi-task effectively

Educational Qualification:

• Graduation