KYC Data Operations Job in Chennai at Barclays

Barclays is hiring for the role of KYC Data Operations!

Responsibilities of the Candidate:

• Conduct client due diligence (CDD), enhanced due diligence (EDD), and risk assessments for new and existing clients.
• Manage and perform end-to-end onboarding and KYC processes in line with internal standards and regulatory requirements.
• Execute periodic reviews of client accounts based on risk ratings and regulatory guidelines.
• Investigate and escalate potential AML red flags and suspicious activities in accordance with company policy.
• Liaise with internal teams (legal, compliance, front office) and external parties to collect and verify documentation.
• Maintain accurate and up-to-date client records and ensure timely remediation of KYC gaps.
• Contribute to the development and improvement of KYC/AML procedures, checklists, and workflows.
• Stay updated on global regulatory developments and assist in implementing necessary changes.

Requirements:

• Support with day-to-day Private Bank and Wealth Management initiatives including processing, reviewing, reporting, and issue resolution with regards to accounts, products and services.
• Support the management of the banks client relations to clearly identify their needs and provide a service that meets expectations.
• Collaboration with teams across the bank to align and integrate Private Bank and Wealth Management processes.
• Identification of areas for improvement and providing recommendations for change in Private Bank and Wealth Management processes.
• Development and implementation of Private Bank and Wealth Management procedures and controls to mitigate risks and maintain operational efficiency.
• Development of reports and presentations on Private Bank and Wealth Management performance and communicate findings to internal senior stakeholders.
• Identification of industry trends and developments to implement best practice in Private Bank and Wealth Management Services.
• Participation in projects and initiatives to improve Private Bank and Wealth Management efficiency and effectiveness.