Full job description

KYC/AML Analyst

The KYC/AML Analyst plays a critical role in ensuring regulatory compliance and mitigating financial crimes within the organization. This position requires a meticulous individual who can analyze customer transactions, identify suspicious activities, and maintain up-to-date knowledge of regulatory requirements. The ideal candidate will contribute to safeguarding the institution's reputation and adhering to legal standards.

The role involves working closely with various departments to ensure that all customer identification and transaction monitoring processes are compliant with global anti-money laundering laws. The right person will exhibit strong attention to detail, excellent analytical skills, and a proactive approach to identifying and addressing potential risks.

Key Responsibilities:

• Conduct thorough customer due diligence to verify the identity of clients and ensure compliance with KYC requirements.
• Monitor and analyze transaction patterns to detect and report suspicious activities indicative of money laundering.
• Maintain up-to-date knowledge of international and local AML regulations and best practices.
• Collaborate with internal teams to ensure timely reporting and resolution of identified risks.
• Develop and implement AML policies and procedures in line with regulatory expectations.
• Perform regular audits of transaction monitoring systems to ensure accuracy and compliance.
• Prepare detailed reports on suspicious activities and compliance metrics for management review.
• Support the development of training programs to enhance AML awareness and compliance across the organization.
• Participate in industry forums and professional groups to stay informed on AML trends and regulatory changes.
• Assist in the investigation of reported suspicious activities and provide necessary documentation to regulatory authorities.

Qualification Criteria:

• Bachelor’s degree in Finance, Accounting, or a related field.
• Certification in Anti-Money Laundering (CAMS) or equivalent is highly desirable.
• Proven experience in a KYC/AML role within a financial institution.
• Strong understanding of global AML regulations and compliance requirements.
• Excellent analytical and investigative skills.
• Proficiency in transaction monitoring and reporting systems.
• Ability to work effectively under tight deadlines and manage multiple priorities.
• Strong communication and interpersonal skills.
• Attention to detail and a methodical approach to work.
• Knowledge of relevant software and tools used in AML compliance.

Primary Skills:

• AML compliance
• transaction monitoring
• risk assessment

Key Skills:

• regulatory knowledge
• data analysis
• customer due diligence
• report writing
• auditing
• team collaboration
• training development
• regulatory updates
• financial analysis
• case management
• communication skills
• problem-solving
• attention to detail
• process improvement
• fraud detection
• software proficiency

Qualification Criteria

• Bachelor’s degree in Finance, Accounting, or a related field.
• Certification in Anti-Money Laundering (CAMS) or equivalent is highly desirable.
• Proven experience in a KYC/AML role within a financial institution.
• Strong understanding of global AML regulations and compliance requirements.
• Excellent analytical and investigative skills.
• Proficiency in transaction monitoring and reporting systems.
• Ability to work effectively under tight deadlines and manage multiple priorities.
• Strong communication and interpersonal skills.
• Attention to detail and a methodical approach to work.
• Knowledge of relevant software and tools used in AML compliance.
• Skills: AML compliance , transaction monitoring , risk assessment