KYC Associate

Key Responsibilities

• Conduct risk-based due diligence reviews for new client onboarding and existing client refreshes, including periodic and trigger-driven reviews, ensuring alignment with internal policy and regulatory requirements related to client identification, due diligence, enhanced reviews, and ownership transparency.
• Assess and interpret client documentation such as incorporation records, ownership and control structures, ultimate beneficial owner details, financial information, business activities, source of funds/wealth, and anticipated account usage.
• Perform sanctions, politically exposed person, and negative news screening on customers and related parties; analyze findings, document outcomes, and escalate potential issues in line with established procedures.
• Review customer activity to confirm consistency with the stated risk profile and expected behavior; identify discrepancies and recommend risk reclassification or enhanced due diligence when necessary.
• Maintain accurate and complete client records within KYC and due diligence systems, ensuring supporting documentation, clear audit trails, and timely resolution of data gaps.
• Participate in user acceptance testing for KYC platforms, including documenting defects, validating fixes, and supporting minor process or control enhancements.
• Assist with the development and maintenance of compliance policies and procedures, and prepare management information and reporting on review volumes, turnaround times, quality metrics, extensions, and exceptions.
• Collaborate with internal teams by:
• Supporting Sanctions teams with alert reviews and dispositioning as required.
• Providing KYC context to Transaction Monitoring teams for alert investigations, including escalation recommendations and potential SAR considerations.
• Contribute to regulatory, remediation, and compliance initiatives by tracking milestones, maintaining risk and issue logs, and delivering status updates to stakeholders.