Customer Due Diligence (CDD): Conduct comprehensive KYC reviews on new and existing customers to assess risk profiles and ensure compliance with regulatory requirements.
Customer Risk Assessment: Utilize tools and resources to assign risk ratings to customers based on business activities, geography, and other relevant factors.
Document Verification: Perform quality assurance checks on submitted documents (IDs, financial statements, legal documents, etc.) to confirm accuracy, authenticity, and suitability for subscribed products.
Cross-Functional Collaboration: Partner with Technology, Sales, and Operations teams to ensure smooth customer onboarding and compliance processes.
Screening & Monitoring: Review results of customer screenings, recommend appropriate actions for high-risk categories such as Politically Exposed Persons (PEPs), and update Ultimate Beneficial Owner (UBO) registers.
Periodic Reviews: Conduct ongoing reviews of client relationships and update Client Risk Assessments in line with regulatory and internal requirements.
Communication & Documentation: Liaise with internal and external stakeholders to obtain necessary documentation and ensure timely completion of KYC reporting.
Administrative Support: Provide support in the preparation and submission of KYC/AML compliance reports.
AML Alerts Review: Monitor daily alerts generated by the AML application to identify potential regulatory or internal infractions requiring further investigation.
Suspicious Activity Reporting: Investigate red flags and promptly escalate/report Suspicious Transactions (STRs/SARs), maintaining proper documentation on SharePoint as evidence of compliance.