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KYC/AML Analyst
Ref No.: 18-09474
Location: New York, New York
A Major Financial Firm located in New York, NY has an immediate contract opportunity for a KYC/AML Analyst.

Within the Client Management department of Bank, the Due Diligence team's objective will be to function as the primary interface for coordinating the KYC Due Diligence process on incoming new clients. The team goal is to ensure an efficient, global and consistent first class service to all new clients while simultaneously acting in a control framework. The Due Diligence team is transversal and supports all business lines at Bank. The team also works closely with Compliance, Credit, Legal, Business Management along with Middle and Back Office teams.

  • Collect and review of AML documents in accordance with the current KYC policies
  • Create and build a KYC Due Diligence profile for each new client assigned
  • Update request progress within internal account database on a daily basis
  • Notify compliance if documentation or identification appears to be fraudulent or suspicious
  • Understanding of Enhanced-Due Diligence triggers
  • Maintain continuous communication with any stakeholder that the completion of the KYC is reliant on
  • Ensure the day to day production is completed within the agreed Service Level Agreement (SLA)
  • Monitor the progress of the workflow
  • Ensure follow up of critical issues and escalate accordingly
  • Ensure the due diligence KYC process is consistent globally but adapted to local rules
  • Contribute to the implementation and controls for daily processes and assist with the update of procedures
  • Assist with ad-hoc requests
  • Liaise regularly with numerous stakeholders including but not limited to; external clients, middle office, back office, IT, Compliance and business officers.
  • Knowledge of the due diligence and local money laundering requirements
  • Demonstrate awareness of the USA patriotic Act, the JMLSG UK Guidance notes for the prevention of money laundering and the 3rd European Money Laundering Directive.
  • Excellent verbal, presentation and written communication skills
  • Ability to think globally / see the overall picture
  • Strong appetite for organization
  • Ability to multi‐task
Minimum required qualifications:
  • At least 2 years of experience within KYC/AML/Client Onboarding
  • Bachelor degree in Business Administration or related studies
Preferred qualifications:
  • Understand the principles of Capital Markets and/or Corporate/Investment Banking and also be familiar with CIB products
  • Aware of various client types i.e. hedge funds, asset managers, pension funds, private and public companies, holding companies, trust's etc.