Citi

Runs banking and payments for global clients

KYC Operations Analyst

Financial Crime & AMLConfirmed live in the last 24 hours

Full-timePune, Maharashtra, IndiaNo salary listed

About the Job

Requirements

Candidates must have a bachelor's degree.
Candidates must have at least 5 years of relevant experience; the stated minimum is 5 to 8 years.
CAMS is preferred.
Candidates must be willing to work US/night shifts.

Responsibilities

Partner with Relationship Management and Compliance teams to prepare, develop, conduct due diligence on, and obtain approval for electronic Know Your Client (KYC) records and supporting appendices.
Validate information in KYC records and Customer Identification Program (CIP) documents for completeness and accuracy.
Ensure KYC records incorporate local regulatory requirements and Global Business Support Unit (BSU) standards.
Assist with KYC efforts in accordance with the NAM Retail AML KYC Ops (NTB) procedures.
Perform scheduled and unscheduled KYC reviews for individual client types across varied risk classes, including monitoring and tracking KYC records, assisting with action plans for expiring records, and ensuring records are not past due.
Determine whether accounts are in scope.
Conduct client identification, verification, and screening.
Validate and confirm customer information, including address, employment and employer, and connectivity to politically exposed persons and sanctions screening, using existing information or approved third-party sites; perform enhanced due diligence checks, including negative-news and social-media checks, based on the results.
Partner with internal units to ensure adequate due diligence for customer accounts and documentation reviews.
Ensure information and documentation comply with local regulations and Citi standards.
Send requests to Outreach or Relationship Management for accounts requiring information to complete the review.
Promptly highlight suspicious product usage from an anti-money-laundering perspective to senior management for further review.
Maintain quality standards of 90% or above for KYC reviews undertaken.
Escalate technology issues and procedural clarification needs to managers for review and guidance.
Obtain Quality Control (QC) review of files before submission and correct discrepancies identified during QC reviews.
Submit records for Business Approval once review is complete and correct discrepancies identified during Business Approval reviews.

Desired Qualifications

CAMS certification.

The KYC Operations Analyst is responsible for participating in Anti-Money Laundering (AML) monitoring, governance, oversight and regulatory reporting activities in coordination with the Compliance and Control team. The overall objective of this role is to assist in the development and management of a dedicated internal KYC (Know Your Client) program at Citi.

Responsibilities:

Partner with Relationship Management and Compliance teams to assist with the preparation, development, due diligence and approval of the electronic Know Your Client (KYC) record and supporting appendices
Validate the information within KYC records and Customer Identification Program (CIP) documents to ensure completion and accuracy
Ensure KYC records incorporate local regulatory requirements / Global Business Support Unit (BSU) Standards
Assist Citi on KYC efforts in accordance to the NAM Retail AML KYC Ops (NTB) procedures
Perform KYC reviews (Scheduled & Unscheduled Reviews for Individual Client types across varied risk classes) including monitoring and tracking of KYC records, assisting with the development and execution of action plan for expiring records, and ensuring records are not past due
Determining if the accounts are in scope
Client Identification, Verification and Screening
Information such as customer’s address, employment (including employer), connectivity to PEP/SPF (Sanctions Screening), will be validated and confirmed. These will be validated based on existing information available or through approved third party sites. Based on the results, enhanced due diligence checks will be performed which include negative news and social media checks
Partner with internal units to ensure adequate due diligence process is carried out for customer accounts and documentation reviews
Ensure all information and documentation comply with local regulation and Citi standards
Send the requests to Outreach/RM for accounts where information is required to complete the review
Any suspicious product usage from AML perspective gets highlighted to senior management for further reviews promptly
Ensure to maintain quality standards (90% and above) for the KYC reviews undertaken
Ensure any tech issue/procedural clarifications gets highlighted to managers for further review and guidance
Ensure to get Quality Control (QC) review done on files prior to submission and respond/correct any discrepancies identified during QC reviews
Submit record for Business Approval once review is complete and respond/correct any discrepancies identified during BA reviews
Willing to work in night shifts

Qualifications:

Need candidate to hold previous relevant experience of minimum 5 to 8 years
CAMS preferred
Candidate should be willing to work in US shift/night shifts

Education:

Bachelor's degree

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Job Family Group:

Operations - Services

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Job Family:

Business KYC

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Time Type:

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Most Relevant Skills

Business Acumen, Credible Challenge, Laws and Regulations, Management Reporting, Policy and Procedure, Program Management, Referral and Escalation, Risk Controls and Monitors, Risk Identification and Assessment, Risk Remediation.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.

About the Company

Citi

Runs banking and payments for global clients

Citi runs banking, investment and payment services for companies, governments and individuals around the world. Its global network connects institutions with local banking systems, while its US consumer business sells credit cards and deposit accounts. Corporate clients use Citi to manage cash, finance trade and raise capital, and investors use its trading, custody and wealth services to hold and manage assets. The bank earns interest on loans and fees from payments, securities transactions, financial advice and account services. Citi traces its banking roots to 1812; the Citigroup holding company was formed in 1998, and its headquarters are in New York City.

Company size: 10,001+
Company stage: IPO
Headquarters: New York City, New York
Founded: 1812

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