KYC Analyst Job Vacancies in Bangalore

As an AML Analyst, you will play a crucial role in identifying and mitigating risks related to money laundering and other financial crimes. Your expertise will support the organization's commitment to regulatory compliance and ethical financial practices.**Key Responsibilities:**- **Transaction Monitoring:** Analyze suspicious transactions and generate reports to detect any potential money laundering activities. You will review alerts and determine the need for further investigation.- **Customer Due Diligence:** Conduct thorough checks on customers to verify their identity, source of funds, and overall risk level. This process ensures that the organization has a clear understanding of its customers.- **Risk Assessment:** Evaluate and assess the risks associated with clients and transactions regularly. Your assessments will help in developing strategies to minimize potential risks.- **Regulatory Compliance:** Stay updated with relevant AML laws and regulations. You will ensure that all processes align with legal requirements and best practices.- **Reporting:** Prepare detailed reports for internal and external stakeholders on findings from investigations and monitoring activities. Your reports will aid in decision-making processes.**Required Skills and Expectations:**You should have at least 1 to 4 years of experience in AML or compliance-related fields. Strong analytical skills are essential for identifying trends or irregularities in data. Familiarity with AML regulations and standards is critical. Excellent communication skills will help you articulate findings clearly. Attention to detail is necessary, as well as the ability to work independently and in a team environment. Proficiency in relevant software tools and a proactive approach to problem-solving will be advantageous.

Mandatory Exposure to:AMLD V6.0 issued by European/ UK regulators.Preferably having knowledge on:MiFIDFATCAHave worked on KYC end to end process for Institutional Customers (B2B) e.g., Trust, Mutual Fund, Partnership Firms, Private Equity, Corporates, CLM process Knowledge:Responsible for establishing & Managing complex KYC process. Executing the KYC process for institutional customers. Ensuring implementation of KYC checks are as per the governing rules and regulations.Responsible for conducting detailed income and KYC screening of the customers as required by the global KYC procedures. Performing initial risk classification and performed due diligence for onboarding the client.Authorising transactions. Reviews & Monitoring:Review end-to-end regulatory requirements for KYC for the global bank. Updating database in system with latest sanctions lists published by authoritiesMonitoring reconciliation.Review the KYC process, regulations and conduct compliance reviews.Stake holder Management:Coordination and Communication on all the regulatory gaps, process improvements with stakeholders. Reporting client accounts for KYC approvalShift Timings: UK Shift: Starting from 11.00 AM.

should have a good understanding of lending procedures and customer service experience. credit evaluation of customers while funding his finance application, This includes, visiting customer office and residence and conducting the verification, collecting all financial and kyc documents and cross verifying it, post checking the financials, decision to be made shared with management