Scymes Services Pvt. Ltd.
Mumbai Suburban District
Urgent job opening for KYC Specialist.
Location : Mumbai
Experience : 2-5years
The Know Your Client (KYC) Analyst focuses on client periodic review and exceptions in line with regulatory standards and jurisdictions. The KYC Analyst provides regular communication to senior bank stakeholders on changes in KYC, Anti Money Laundering (‘AML’) and Anti Financial Crime (‘AFC’) areas and ensures any changes required are implemented with minimum disruptions. The KYC Analyst also assists the bank’s clients, managing all KYC and account opening requirements with appropriate governance and controls. They operate in an environment of strict adherence to Standard Operating procedures (‘SOP’s)
and Operation Level Agreements (OLA’s) to achieve accurate and timely account opening to help execute trades.
Your key responsibilities
Perform due diligence of new and existing clients covering a wide range of different client types including; Listed and Regulated, small/medium/ large private and public companies as well as more complex structures such as; SPVs, Co-operatives, Foundations and Funds, Governments, Joint Ventures, etc.)
Quick understanding capabilities and execution of new learnings or concepts.
Verification of KYC documentation of the clients to be adopted/reviewed.
Perform the risk assessment of the Client to be adopted/reviewed
Manage New Client Adoption or Periodic Review stream, to ensure that all requests are approved in accordance with regulatory requirements and the bank’s internal policies
Maintain working knowledge of various internal processes including KOP’s, Local Regulations & Guidelines.
Ensure that there are no Critical Audit Points as a result of Regulatory or Internal Audits.
Rollout of any new KYC Policy / Regulations and also proper understanding of the same within the team and stakeholders. For the delivery of high standards of client service, at the same time ensuring that all internal (e.g. Risk) and external (e.g. Compliance) standards requirements are met in full, utilizing the combination of resources managed as a single COB team.
Ensure appropriate escalation policies exist and are followed. Ensure key stakeholders are kept informed of the progress and challenges and escalating issues where appropriate.
Participate in cross training, ensuring appropriate coverage to maintain throughput. Work in a high-pressure and time-sensitive environment.
Work as the process owner and ensure end to end management of all activities associated with the process.
Ensure adherence to standards, procedures and also identify risk mitigates wherever there is a control issue.
Effectively manage risk and work closely with other internal teams to ensure top of the line service to Clients / Biz.
Prioritize tasks and ensure adherence to timelines for completion of activities
Initiate and lead change management initiatives within the team.
Ensure structured upward & downward communication
Responsible for ensuring that cases are managed effectively and consistently in line with the agreed process; ensuring that all aspects of delivery are running effectively and if necessary, escalating issues
Liaises with multiple internal stakeholders to ensure the smooth delivery of On-boarding services to front office staff and clients
Supports the production of critical metrics and reporting which provide data related to department performance, risk quantification and stratification, and resource capacity
Acts as a role model in relation to the values and beliefs and manages the function in line with internal policies and guidance and regulatory requirements
Interested can drop resume on [email protected]
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