FAQs
What is the primary focus of the KYC Associate role?
The primary focus of the KYC Associate role is on client onboarding (COB) and managing exceptions in line with regulatory standards and jurisdictions, ensuring compliance with KYC, AML, and AFC regulations.
Where is the KYC Associate position located?
The KYC Associate position is located in Bangalore, India.
What kind of experience is required for this position?
The position requires 6+ years of relevant work experience in AML/KYC/compliance within the corporate financial services industry, research or analytics roles in banks, or KPOs.
What responsibilities does the KYC Associate have related to client data?
The KYC Associate is responsible for verifying client data, performing due diligence checks, risk assessments, and signing off on new client adoptions and periodic reviews.
Is there a specific grooming or working procedure the KYC Associate must adhere to?
Yes, the KYC Associate must operate under strict adherence to Standard Operating Procedures (SOPs) and Operational Level Agreements (OLAs) to ensure accurate and timely account opening.
What kind of clients will the KYC Associate work with?
The KYC Associate will work with a wide range of client types including listed and regulated companies, private and public companies, complex structures like SPVs, cooperatives, foundations, funds, governments, and joint ventures.
Will the KYC Associate receive any training or development opportunities?
Yes, the KYC Associate will receive training and development to help them excel in their career, along with coaching and support from experts in their team.
Does the company promote a work-life balance?
Yes, the company promotes a work-life balance with flexible working arrangements.
What support does the bank provide for professional growth?
The bank offers sponsorship for industry-relevant certifications and education, as well as a culture of continuous learning to aid professional progression.
Are there benefits related to healthcare for employees?
Yes, there is comprehensive hospitalization insurance for employees and their dependents, as well as accident and term life insurance.