Senior Analyst KYC 2

Responsibilities

• Identify AML Category accurately basis documents/ information available
• Must have knowledge regarding documentation requirements based on the AML category and other specific local and global requirements
• Perform checks on the profile (like legal entity name, geographic location, nature of business/industry, etc..)
• Review existing documentation available in client files and evaluate it's applicability
• Perform public domain search for capturing client information from AML Compliance approved websites and others (i.e.. Lexis/Nexis, Bankers Almanac, company websites, government websites, etc..)
• Should upload relevant documents and information in Documentum as applicable
• Perform screening, which includes sanctions, Politically Exposed Person (PEP) and negative news screening using relevant tools to make sure the client has no potential restrictions or negative news activities
• Possess strong verbal and report writing skills as they are expected to communicate with the sanctions and compliance team in case they are not able to mitigate negative news/hits found
• They must know what is considered strong and weak criteria while mitigating hits
• Calculate the risk rating using internal tools available [Financial Crime Risk Calculating Model (FCCR) or KRSM (KYC Risk Scoring Model)] accurately
• Write memo representing accurate information and relevant documentation for all high risk cases
• Obtain necessary approvals from the Compliance Audit Committee (CAC) or Senior Management, as applicable
• Liaise with Business Lines (BL) and Relationship Managers (RM) for missing KYC requirements and collect other mandatory information as prescribed by AML/ OFAC/ Local regulations (eg., US CIP) and guidelines
• Review and ensure information collated from BLs and RMs is correct and updated
• Perform background verification on individuals and entities using appropriate tools (i.e., LexisNexis, World Check, Internet tools, etc.)
• Conduct client due diligence/ enhanced due diligence and enrich review requests for submission to the Quality Check team
• Maintain a working knowledge of AML/ OFAC/ Local regulations (eg., US CIP) and be able to relate them to SG policies and procedures
• Update Daily MIS Report and forwarding the same for Management Review
• Maintain sound working relationships with the BLs, RMs and other stakeholders
• Should be up to date with the latest policies, procedures and regulations, including global minimum standards and local requirements based on the location of the client
• Ability to compile email to compliance or sanctions team (if required) reflecting the potential hits found during screening
• Ability to prioritize work and individual target and route all additional ad-hoc requests from the onshore team to the Cell Manager before taking any action

Meet Internal KPIs - NBO

NBO US:

• Maintain a minimum of 95.5% of quality for all profiles as per global quality standard requirements (applicable to all functions).
• Complete review for an average of 2 profiles per day