KYC Vetting Analyst

Temporary Assignment Description

Job Title:

KYC Vetting Analyst

Department:

KYC Operations & Onboarding

Reports in line to:

Director; U.S. Head of the KYC Client Vetting Team

Duration:

6 months to start – with potential for extension

Summary of position

The Client Vetting team of the Operations and Transformation Americas group manages all client on-boarding requests for Americas’ investment banking business lines.

Essential duties and responsibilities

• Analyze and determine account documentation required based upon counterparty type and products traded as well as approve adequacy of KYC documentation received from prospective customers.
• Liaise with the Chief Client Office team to gather information and on-boarding documentation and stay on top of case progress.
• Analyze and review client documentation for accuracy based on internal KYC procedures.
• Review entity and individual screenings completed by the screening team for negative news and PEP checks as well as internal “do not do business lists” via WorldCheck One. Prior experience applying strong disposition analysis to potential matching results is beneficial in this.
• Perform basic and standard due diligence on new customer relationships for all Americas business lines. Entity types include: RIAs, Broker Dealers, Public and Private Corporates, SPVs/SPEs, Trusts, Banks, Insurance Companies, Local and Foreign Governments and NBFIs.
• Escalate risks and issues to appropriate management to ensure on-boarding is completed correctly and efficiently as per KYC procedures.
• Follow internal policies and procedures as well as adapt to changes in procedure or regulatory requirements as communicated.
• Incumbent is expected to provide a cohesive overall written assessment of the client after performing KYC due diligence.
• Work independently on assigned cases and provide necessary updates and reporting as needed and display sound judgement.
• Contribute to team-wide initiatives as required by management, focusing on process improvement, data quality enhancements, and the like.
• Interact effectively with the Quality Control Function and correct any issues encountered in a timely and efficient manner.
• Where needed, perform reviews of other analyst’s work in order to provide approval of KYC files as internal requirements and procedures are met.
• Provide accurate statuses on a weekly basis on work performed and highlight any bottlenecks being encountered.

Requirements

• Bachelor’s Degree in Business or related field.
• 3-5 years in KYC specific onboarding related functions, performing direct KYC client due diligence or KYC quality control in a corporate/investment banking institution required.
• Prior experience contributing to process/quality improvement projects within KYC/onboarding.
• Prior experience applying strong disposition analysis to screenings is a plus.
• Proficiency in Microsoft Office.
• Familiarity with World Check, Banker’s Almanac, Mint Orbis, and Lexis Nexis required.
• French and/or Spanish language skills are a plus but not required.
• Individual should have a risk and control mindset, strive for high quality standards and display strong analytical skills in KYC/CIP space.
• A good sense of urgency and aptitude for multi-tasking, quickly identifying issues and escalating to the appropriate level for resolution.
• Strong organizational skills and detail oriented
• Ability to work as member of a team and self-motivate to work independently on assigned cases
• The ability to manage multiple priorities, working under pressure to meet deadlines, and the ability to respond creatively and quickly in a fast-paced and changing environment.
• Individual should be well organized, detail oriented, self-motivated, and have strong communication, writing, and follow-up skills in order to assure assigned cases do not go beyond an acceptable processing timeframe.
• Highest level of professional ethics and integrity.
• Active CAMS certification preferable but not required