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Job Description
Role Overview:
The KYC (Know Your Customers) Quality Control Senior Analyst will be responsible for overseeing and ensuring the quality and accuracy of client due diligence processes within organization. This individual will work closely with compliance, risk and operations teams to ensure that KYC procedures are properly executed, meeting regulatory requirements and internal policies. The role demands keen attention to detail, a deep understanding of regulatory guidelines and strong focus on maintaining high standards of quality control.
Key Responsibilities:
- Quality Control & Monitoring:
- Review KYC risk assessments submitted by the Analysts to ensure completeness, accuracy and compliance with applicable regulatory standards set by the company’s policies.
- Perform periodic audits of KYC files, identifying discrepancies, gaps and risks.
- Perform random sampling and systematic reviews of KYC records to assess the overall quality and effectiveness of due diligence processes.
- Process Improvement:
- Identify areas for improvement in the KYC process and collaborate with relevant departments to enhance efficiency, reduce errors and streamline workflows.
- Recommend and implement updates to KYC procedures based on emerging regulatory changes or industry best practices.
- Training & Guidance:
- Provide guidance and trainings to junior analysts and other team members on KYC and AML compliance standards.
- Offer support in troubleshooting complex KYC cases and resolve any quality-related issues or challenges.
- Regulatory Compliance:
- Ensure that all KYC activities adhere to local and international regulatory requirements.
- Stays updated on changing regulations, best practices and industry standards related to KYC, AML and financial crime prevention.
- Reporting & Documentation:
- Prepare detailed reports on quality control findings and present them to management, highlighting areas of concern, trends and improvement needed.
- Maintain accurate records of audits, reviews and compliance checks for internal and external inspections.
- Risk Management:
- Assess and mitigate risks associated with improper or inadequate KYC procedures, escalating issues as necessary.
- Support risk assessments by identifying potential red flags and ensuring appropriate action is taken.
Skills and Qualifications:
Education: Bachelor’s or master’s degree in finance, Law, Business, Criminology or a related field. Additional certifications in AML/KYC (e.g., ACAMS) are a plus.
Experience: Minimum 6 years of experience in KYC, AML or other related function, with at least 3 years in senior quality control or audit role.
Knowledge: In-depth understanding of KYC/AML regulations and industry practice. Familiarity with KYC systems and customer screening tools, understanding of TM (Transaction Monitoring) processes and Sanctions is a plus.
Strong knowledge of global financial regulations (FATCA, FATF recommendations)
Skills: Excellent analytical and problem-solving skills, with a strong attention to details.
Ability to communicate complex compliance issues clearly and effectively.
Strong organizational skills and the ability to manage multiple tasks with competing deadlines.
Proficient in Excel and experience with KYC/AML software is a must.
Key Competencies:
Analytical thinking: ability to assess complex data and make informed decisions based on regulatory guidelines and organizational policies.
Attention to detail: Precision in reviewing Risk Assessments, documents and identifying discrepancies.
Teamwork and Collaboration: Strong interpersonal skills, working effectively across teams to ensure compliance.
Problem solving: Demonstrated ability to address issues and resolve challenges in a timely and efficient manner.
Communication: Clear and effective communication with senior management, stakeholders and external regulators.
Work Environment:
This position typically operates in a professional office setting with standard working hours (min. 3 days a week) but may require flexibility for urgent tasks or project deadlines. Occasional travel may be required for trainings or conferences.
This role is pivotal in ensuring the organization meets its regulatory requirements while maintaining the integrity of client onboarding and ongoing due diligence processes. The KYC Quality Control Senior Analyst is experienced to lead by example, uphold high standards and contribute to conscious improvement of the KYC framework.
Skills
Know Your Customer (KYC)
Job Reference
156717
Date Posted
11 Mar 2025
Industry
Banking
Category
Compliance & Financial Crime
Role
KYC/CDD/EDD Compliance Specialist
Level
Mid-Level
Employment
Permanent
Working Location
Hybrid
Salary/Rate
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