Due Diligence Analyst

at  Payreto

POSITION OVERVIEW

As a Due Diligence Analyst, you are expected to provide support through data analysis, investigation, research and interpretation. You are expected to provide Due Diligence services by following strict rules, policies and instructions set by the client in compliance with KYC, AML Regulations, Counter-Terrorist Financing regulations, Sanctions Regulations, and Customer Due Diligence policies. You will be responsible for managing the onboarding process for new merchants or individuals, ensuring that all required documentation is collected, reviewed, and client concerns are addressed.

KNOW-YOUR-CUSTOMER (KYC) CHECKS

• Carries out background checks: collecting and monitoring all relevant documents concerning the identity of the customer, as well as gaining insight into their business, ownership structure, and financial transactions for customer onboarding.
• Assesses completeness and document quality prior to ensure that the documents are correct and are up to date to the commencement of the business relationship
• Performs required checks (Politically Exposed Persons (PEPs) and Sanctions/Adverse Media hits on individuals and entities)
• Accesses public information sources such as income and asset declarations to assess the risk level of the customer to help develop a higher level of identity assurance
• Verifies if there are changes in the customer’s ownership, products and services, or the business that merits

OTHER TASKS

• Performs other official work as instructed by the immediate supervisor/manager.
• Recommends and proactively implements opportunities for increased departmental efficiency.
• Extends work hours when needed.
• Maintains quality service by monitoring standards and/or advising Account Managers and Team leads of potential problems.