KYC Analyst Job in Bangalore at Novo

Novo is hiring for the role of KYC Analyst!

Responsibilities of the Candidate:

• Identify, monitor, evaluate and address customer account actions to address potential risk, fraud or suspicious activity.
• Understand and manage KYC and AML processes
• Support the origination and in-life management of deposits by handling the Customer/Enhanced Due Diligence during on-boarding and in-life periodic reviews.
• Process all applications through a workflow system effectively, within agreed SLAs and goals, and in compliance with company policies and procedures.
• Perform due diligence checks on prospective and existing customers, such as requesting KYC information and documentation.
• Conduct enhanced due diligence on high risk customers, including evaluation of client responses to sources of wealth and intended use of account.
• Investigate identified suspicious clients generated by the screening system, such as WorldCheck and OFAC list.
• Analyze the AML/CFT risk of Politically Exposed Persons (PEP), adverse information, business exposure in high risk & sanctioned countries and escalate the issues to the Legal Team for approval.
• Follow internal policy and procedures when dealing with account-related suspicious activity.
• Cross-reference multiple databases for potential undesirable client matches.

Requirements:

• Minimum bachelor's degree, preferably in business, economics, finance, or other technical disciplines.
• Background working in U.S. markets, in a fintech/tech company, or both.
• Strong understanding of AML compliance, KYC due diligence, screening and financial crime.
• Experience with Screening/Data mining and using different search engines in prior role
• An interest in financial crime and the idea of digging deeper, looking into customer behaviors and identifying key characteristics of fraudulent users.
• Work on process improvements, conducting training and developing standard operating procedures
• Ability to oversee critical analytics projects from end to end independently.
• Ability to think outside the box, work with limited data, and find solutions to unorthodox problems.
• Excellent written and verbal communication skills.
• Ability to work in a fast-paced work environment and culture
• Ability to thrive in an ambiguous environment and adapt quickly to changing priorities; focused on getting things done in a highly organized way.
• Ability to work cross-departmentally, without the need for an extensive hierarchical corporate structure
• An inquisitive and highly detail-oriented work ethic