KYC compliance Analyst - Jobs in Dubai, United Arab Emirates

Job Description

KYC Compliance Analyst(CAMS required)As a KYC (Know Your Customer) Analyst, you will be responsible for conducting due diligence and risk assessments on new and existing customers to ensure compliance with regulatory requirements and mitigate potential financial crime risks. You will gather and analyze customer information, review documentation, perform background checks, and make informed decisions based on your findings. You will work closely with cross-functional teams to ensure compliance with applicable laws and regulations and contribute to maintaining a strong anti-money laundering (AML) and counter-terrorism financing (CTF) framework.Key Responsibilities:úÿÿÿÿÿÿÿCustomer Due Diligence: Conduct thorough KYC investigations on new and existing customers, assessing their identity, background, and associated risks. Collect, verify, and analyze customer information and documentation to ensure compliance with regulatory standards.úÿÿÿÿÿÿÿRisk Assessment: Evaluate customer profiles and transactions to identify potential risks, such as money laundering, fraud, and terrorist financing. Determine the risk level and make appropriate recommendations to mitigate identified risks.úÿÿÿÿÿÿÿDocumentation Review: Review customer identification documents, such as passports, national IDs, and utility bills, to ensure their authenticity and compliance with internal policies and regulatory requirements.úÿÿÿÿÿÿÿSanctions and Watchlist Screening: Conduct screenings against global sanctions lists, politically exposed persons (PEPs) databases, and other relevant watchlists to identify and flag any potential matches or suspicious activities.úÿÿÿÿÿÿÿRegulatory Compliance: Stay updated on applicable AML, CTF, and KYC regulations and guidelines. Ensure adherence to regulatory requirements, internal policies, and industry best practices in all KYC processes.úÿÿÿÿÿÿÿReporting and Record-Keeping: Document findings, decisions, and investigations in a clear and organized manner. Prepare reports and maintain accurate records of KYC activities for audit and regulatory purposes.úÿÿÿÿÿÿÿCollaboration and Communication: Liaise with internal stakeholders, including relationship managers, compliance officers, and legal teams, to obtain necessary information and ensure effective communication regarding customer risk assessments and compliance matters.úÿÿÿÿÿÿÿProcess Improvement: Identify opportunities to streamline and enhance KYC processes, including the implementation of new tools and technologies to improve efficiency and accuracy.úÿÿÿÿÿÿÿTraining and Awareness: Support and participate in training programs to educate employees on KYC policies, procedures, and emerging trends in financial crime.úÿÿÿÿÿÿÿQuality Assurance: Conduct periodic reviews and audits of KYC files and processes to ensure quality and consistency, and assist in internal and external audits as required.Requirements:úÿÿÿÿÿÿÿBachelors degree in Finance, Business, Law, or a related field. Relevant professional certifications in AML and KYC are desirable.úÿÿÿÿÿÿÿ1-3 years of experience.úÿÿÿÿÿÿÿCAMS certified ? mandate to have.úÿÿÿÿÿÿÿPrevious experience in KYC, AML, or compliance roles within the financial services industry, preferably in banking or financial institutions.úÿÿÿÿÿÿÿStrong understanding of AML, KYC, and CTF concepts, regulations, and industry best practices. Familiarity with global sanctions lists, PEPs databases, and watchlist screening processes.úÿÿÿÿÿÿÿExcellent attention to detail and accuracy in reviewing and analyzing customer information and documentation.úÿÿÿÿÿÿÿStrong analytical and critical thinking skills to identify potential risks, evaluate information, and make informed decisions.úÿÿÿÿÿÿÿEffective written and verbal communication skills to communicate findings, escalate issues, and collaborate with cross-functional teams.úÿÿÿÿÿÿÿProficiency in using KYC software platforms, databases, and other relevant tools. Familiarity with data analysis and visualization tools is a plus.úÿÿÿÿÿÿÿKnowledge of relevant local and international AML, KYC, and CTF regulations, such as FATF recommendations, UAE Central Bank guidelines, and local regulatory requirements.úÿÿÿÿÿÿÿStrong ethical standards, integrity, and ability to handle sensitive and confidential information appropriately.

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