KYC Analyst at PalmPay

KYC analysts are integral members of project teams and typical responsibilities include:

• Ensuring legislation, regulations, policies & procedures, along with Customer Due Diligence requirements are still being met on a rolling cycle including the source of wealth, verification of beneficial ownership, etc.
• Liaise with Compliance department and senior management within business units supported.
• Build and maintain professional relationships with business functions to ensure effective co-operation, communication, and seek opportunity to promote higher regulatory standards and awareness.
• Oversee new client onboarding and implement process enhancements to improve the client onboarding experience.
• Participate in completing tests on controls to ensure they remain robust.
• Re-assess client risk categorization.
• Re-review Know Your Customer due diligence, including Politically Exposed Persons and Adverse Media screening.
• Respond to ad hoc query reviews in a timely and professional manner.
• Manage and update client files
• Assist with client management to ensure the smooth operation of accounts
• Ensure that relevant policies and processes are adhered to.
• Provide ongoing review & refresh support and complete all general queries to support the Account Management team.
• Liaise with account managers back office and front staff with regards to accounts review and refresh
• Participating in the development, testing and implementation of new and enhanced systems and processes as and when required.

Qualification and Requirements

• Proven experience in a similar Compliance re-review / remediation role either for a FX firm, consumer lending business or retail bank preferred
• Demonstrate superior analytical skills, alongside advanced problem-solving;
• Be able to build trusting and collaborative relationships across the Business;
• Demonstrate strong IT skills, including Internet and email, computers, word processing, and spreadsheets