KYC/AML-Compliance Operations - Bangalore Urban, India - Acuity Knowledge Partners

Description

Opportunity- KYC/AML-Compliance operations (Associate/Senior Associate)

Location- Bangalore/Gurgaon/Pune

Description

This position will be responsible for delivery of KYC operations.

The operations will cover:

1. Risk assessment of the customer/client/counterparty (herein after referred to as "customer")

2. Renewals

3. Remediation's

4. Client out

The process will include:

1. Assessing the underlying risk of a customer (covering but not limited to registration, regulatory/license, nature of business, legal status, ownership structure, key personnel, sanctions, PEP/SOE and adverse news)

2. Extracting & validation information from different sources (databases, company websites, open web searches)

3. Performing due diligence and prepare exhaustive due diligence reports

The individual will work in close partnership with the operations teams to ensure accurate and complete data quality and compliance with regulatory requirements.

Key Responsibilities

Registration and license overview of the customer

Conduct ownership (direct and indirect) reviews

Identify key stakeholders controlling a customer

Perform Sanctions, Watch List, PEP and Adverse New Screening

Analyse screening results

Prepare Risk Summaries on the basis of the available, collated and researched information.

Conduct quality reviews (Peer QA and QC)

Prepare MIS reports and documentation related to the tasks

Interact with the customer and discuss the outputs

Mandatory requirements

3 to 8 years' experience with Global Financial Institutions, with strong hands-on experience in handling all operations (on-boarding, renewals and remediation's) and all processes (legal checks, ownership reviews, screening and risk profiling)

Strong domain knowledge

Excellent research skills, especially to unwrap ownership layers across different kinds of legal entities

Excellent communication skills (verbal and written)

Strong judgement skills for interpretation of screening adverse news

Proven record in client interactions

Strong Analytical skills to spot trends and patterns

Strong Reporting skills (MIS for operational statistics)

Experience using atleast one ownership databases like Orbis, Bankers Almanac, Bankscope, SWIFT Registry, etc

Experience using atleast one screening databases like Dow Jones, World Check, Lexis Nexis, Orbis, etc

Certifications (preferred)

ACAMS

ACFCS

ICA