FAQs
What are the primary responsibilities of a KYC Analyst in this position?
The primary responsibilities include conducting due diligence and KYC research for institutional and corporate clients, performing tasks related to KYC and account opening, executing and reviewing negative media alerts, managing the onboarding process, and conducting OFAC screenings among others.
What qualifications are needed for this role?
A university degree is required, along with a minimum of 1-3 years of related banking, compliance, audit experience, specifically 1-2 years in KYC remediation or client onboarding according to AML legislations.
What skills are essential for a KYC Analyst?
Essential skills include strong analytical and problem-solving abilities, proficiency in Microsoft Office tools, and good interpersonal skills. Familiarity with KYC-related platforms and tools is also beneficial.
Is fluency in English required for this position?
Yes, fluency in English, both spoken and written, is required for this position.
What is the work environment like?
The work environment is fast-paced and requires producing accurate and quality work under tight deadlines with minimal supervision while collaborating with various teams in the organization.
Are there opportunities for career growth in this role?
Yes, there are opportunities for career growth, especially for individuals who demonstrate strong performance and a willingness to learn and adapt within the organization.
What is the expected accuracy rate for work produced by a KYC Analyst?
The expected accuracy rate for work produced is between 90-95%.
How does the KYC Analyst interact with other employees?
The KYC Analyst communicates regularly with front office staff and other employees involved in maintaining internal control standards and resolving any onboarding issues.
What tools or platforms should a KYC Analyst be familiar with?
Familiarity with tools like Pega, Fenergo, Actimize, World Check, Lexis Nexis, and RDC is advantageous for this role.
What kind of targets must a KYC Analyst meet?
A KYC Analyst is expected to meet production target volumes and deadlines as advised by management.