KYC Analyst Job Description

KYC Analyst Job Description

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KYC analyst provides kYC-related compliance advisory support on matters involving the Global KYC Standards and local KYC requirements, including policy interpretations and clarifications, change requests, and blanket exception approvals.

KYC Analyst Duties & Responsibilities

To write an effective KYC analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included KYC analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Complete KYC on boarding for new and pre-exiting customer (KYC Refresh) by reviewing client documentation, vendor databases, and data entered into proprietary
Develop knowledge of AML/BSA related regulations
Performing data quality review of Workstation KYCs for completeness, including ensuring all appropriate information is contained in the KYC to meet all regulatory, legal, bank and audit requirements
Other project work assigned within the scope of AML/KYC Business Quality
Perform the required KYC screening on new clients by documenting and corroborating the information obtained on the client as required by the Global KYC Procedures utilizing a variety of independent research sources
Analyze Client data, documentation and negative news in order to determine Client Risk Profile as established under the Global KYC Procedures
Collaborate with the CID team worldwide on global requests
Maintain detailed records on clients for second-level review
Track and report all documentation breaks
Liaise with Clients, Front Office, Credit, Legal and Operations as necessary as part of the KYC process

KYC Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for KYC Analyst

List any licenses or certifications required by the position: CAMS, CFE, ACAMS, KYC, B2, CFCI, CIP

Education for KYC Analyst

Typically a job would require a certain level of education.

Employers hiring for the KYC analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Economics, Law, Graduate, Management, Math, Financial Services, Accounting, Communication

Skills for KYC Analyst

Desired skills for KYC analyst include:

KYC/Compliance/AML procedures and standards
Multiple client types
Financial industry with in-depth expertise in various lines of business
Global Custody
Securities
Escrow
Cash
Derivatives
Loans
KYC procedures and regulatory requirements

Desired experience for KYC analyst includes:

The ongoing updates and monitoring of clients static data and related KYC clients activity and account closures
Additional due diligence checks may be required for client dependent on the risk level
Implementation of any required change in static data, and resolution of any matters arising from the review
Proficient in strategic analysis
Perform Client account refresh as required
Will involve KYC research of Barclays clients using appropriate research tools and external data sources

KYC Analyst Examples

1

KYC Analyst Job Description

Job Description Example
Our growing company is hiring for a KYC analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for KYC analyst
  • Conducting Due Diligence and Know Your Customer (KYC) research for clients as part of the business-wide Anti-Money Laundering (AML) Compliance remediation process
  • Executing and reviewing negative media alerts from client screening and escalate where necessary
  • Packaging client due diligence research and documentation for review by Relationship Managers
  • Meeting production target volumes and dates as advised
  • Communication with the institution's officers and other employees involved in the maintenance of internal control standards
  • Assisting with other tasks
  • Collaborate with various internal teams
  • Identify and resolve or escalate, as appropriate, any issues in relation to the onboarding process
  • Conduct Office of Foreign Assets Control (OFAC) screenings through World-Check to identify Politically Exposed Persons (PEPs) and heightened risk individuals and organizations
  • Liaise with the Front Office and OPER/EDM teams for changes to client information in the BDR
Qualifications for KYC analyst
  • Previous Front Office Banking work experience
  • The ideal person minimum 3-5 years related banking, compliance, audit experience with specific experience relating to on-boarding of clients according to relevant AML Legislation in China
  • Strong analytical and problem solving skills would be a significant plus
  • Maintain a working knowledge of anti-money laundering related requirements including BSA, USA Patriot Act, OFAC, SEC, FINRA, and other applicable U.S. and International regulations
  • Actively engage in the identification of potential process shortcomings or required enhancements
  • Apply procedures and guidelines to ensure client is appropriately served
2

KYC Analyst Job Description

Job Description Example
Our company is hiring for a KYC analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for KYC analyst
  • Master technical skills required for role
  • Possess knowledge of various types of trading entities - limited, private and public companies, holding companies, hedge funds, asset managers, special purpose vehicle's, trust's
  • Ensure all requests are prioritized, resolved within agreed timeframes, work-flow pipeline optimized, priorities identified early and issues escalated accordingly
  • Develop a detailed understanding of the clients, the organization functions, system, process and procedures in order to advise the team
  • Communication with the company's officers and other employees involved in the maintenance of internal control standards
  • Assisting with other tasks as required
  • Provide support to CRM team by managing submission process for KYC reviews and new business requests
  • Liaising with clients (both internal and external ) to gather all applicable NCA and PR requirements
  • Working with salespersons to raise requests for any Compliance approval in order to satisfy any Enhanced Due Diligence (EDD) requirements
  • Working with salesperson to perform searches on the NCA target entity
Qualifications for KYC analyst
  • Co-ordinate with GFCC teams to identify areas which require additional investigation and obtaining GFCC approval on the disposition
  • Obtain MD approval on the BERA
  • Support on client on-boarding process for IB transactions
  • Provide initial client details and transaction overview to WCOB team and identify on-boarding requirements
  • Coordinate with clients to obtain all the required on-boarding documents
  • Screen the documents received from the client for compliance with JPM standards
3

KYC Analyst Job Description

Job Description Example
Our company is searching for experienced candidates for the position of KYC analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for KYC analyst
  • Identification and production of information required to satisfy the company's KYC due diligence policies and processes
  • Communication with officers and other employees involved in the maintenance of internal control standards
  • Manage new client onboarding business requests received from the Front Office
  • Oversee the end-to-end KYC process
  • Work closely with the Front Office and potentially interact directly with clients as required
  • Experience in a similar KYC role from within a large financial institution
  • A good level of attention to detail and checking skills
  • Day to day decisions made without supervision or review
  • Obtaining KYC documents
  • Researching any negative news information
Qualifications for KYC analyst
  • Co-ordinate with internal on-boarding teams to complete the LDD & CDD grid
  • Obtain necessary approvals and deferrals for on boarding process as per requirement
  • 2-4 years of experience in similar KYC roles
  • Must possess strong fundamental and technical skills
  • Able to deal with unclear requests high volume of requests
  • Minimum three years of relevant working experience
4

KYC Analyst Job Description

Job Description Example
Our innovative and growing company is looking for a KYC analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for KYC analyst
  • Set regular meetings with key Clients for follow up
  • Manage business priorities while at the same time providing transparency and visibility
  • Lead performance meetings with internal OB stakeholders and business
  • Produce reports for follow up, pipeline management and KPI monitoring
  • Provide assistance and expertise to FO and Clients on the onboarding process
  • Participates in key projects linked to onboarding
  • Support the KYC Officer and work with the KYC Team analysts to perform KYC file reviews related with new and existing customers
  • Interface with account officers for all KYC related tasks and inquiries contact with external overseas branches and affiliate locations as needed
  • Review, Analyze, Approve and Submit approved Patriot Act Certifications
  • Review and analyze Vostro/Correspondent account profile questionnaires and activity
Qualifications for KYC analyst
  • Bachelor's degree in MIS, Business, Math, Statistics, related field of study, or equivalent work experience
  • Expert skill level in utilizing MS Office, SharePoint, SQL, SAS, Teradata, Data Warehouse and other data mining, analysis, and presentation tools
  • Minimum 3 years experience in a Business or Process analysis role
  • Demonstrated ability to interact with all levels of management and business partners
  • 1-3 years of operations or finance experience
  • Detail-oriented and able to achieve tangible results
5

KYC Analyst Job Description

Job Description Example
Our innovative and growing company is hiring for a KYC analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for KYC analyst
  • Assistance with advisement of FinCEN 311 Designation notifications and instructions
  • Participate in Team meetings where presentations may be required
  • Prepare and review Suspicious Activity Reports
  • Assist with AML inquiry and investigations
  • Prepare documentation to respond to compliance reviews, internal audits and external examination requests
  • Liase with the OFAC Team and Tax department as needed for KYC related items
  • Review of activity and investigation of AML related cases
  • Prepare and present jurisdictional reviews and country reports
  • Prepare document and review KYC related reports
  • Send notification requests to account officers and track responses received
Qualifications for KYC analyst
  • 1-3 years of AML/KYC experience preferred
  • 1 to 2 years of relevant work experience (AML/KYC/compliance related) within corporate financial services industry, Research/Analytics role in other Banks / KPOs etc
  • Understanding of Control, Compliance, Investigation/chasing functions in banks
  • Familiarity AML/KYC regulations and industry guidelines (FSA, JMLSG, 3rd EU Money Laundering Directive, MiFID)
  • Ability to interpreting alerts
  • Good reading comprehension and critical reasoning skills

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