KYC Compliance Analyst
Corpay · Madrid, Community of Madrid, Spain
- On site
- Full-time
- $60,000 / year
- Madrid, Community of Madrid, Spain
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Job highlights
- Conduct KYC reviews for new and existing clients.
- Perform client due diligence and risk assessments.
- Identify and manage high-risk client relationships.
- Contribute to process improvements in compliance.
- Collaborate with sales and global teams.
About the role
About the Role
Corpay is seeking a skilled KYC Compliance Analyst to join our Corpay Cross-Border business line in Madrid. You will report to the KYC Compliance Manager and collaborate closely with the Sales team.
Role Responsibilities
- Conduct Know Your Customer (KYC) reviews for new client onboarding, and periodic/trigger event reviews of existing clients.
- Perform due diligence, including obtaining corporate records and verifying information through public sources and third-party vendors.
- Verify KYC documentation and conduct risk assessments.
- Identify high-risk relationships and conduct Enhanced Due Diligence (EDD) for high-risk industries, PEPs, or sanctions.
- Evaluate negative media screenings and assess associated risks.
- Participate in project work to enhance internal processes, guidance, and procedures.
Qualifications & Skills
- University degree or equivalent work experience preferred.
- 2+ years of experience in Financial Crime Compliance/KYC.
- Clear understanding of AML/CTF regulations, requirements, and best practices.
- Strong written and verbal communication skills, with the ability to liaise across departments.
- Experience working with C-suite executives and global teams.
- Ability to identify trends, inconsistencies, interpret alerts, and assess risk scores.
- Knowledge of high-risk industries, red flags, typologies, and EDD is an asset.
- Strong writing, research, and investigation skills; ability to document information clearly and comprehensively.
- Excellent attention to detail and accuracy.
- Ability to work effectively as a team player in a fast-paced environment.
- Spanish language proficiency required. Italian and German are a plus.
Key skills/competency
KYC Compliance Analyst, Financial Crime Compliance, AML, CTF, Due Diligence, Risk Assessment, Enhanced Due Diligence (EDD), Politically Exposed Persons (PEP), Sanctions Screening, Regulatory Compliance.
Skills & topics
- KYC Compliance Analyst
- Financial Crime Compliance
- AML
- CTF
- Due Diligence
- Risk Assessment
- EDD
- PEP
- Sanctions
- Compliance Analyst
- Madrid
- Spanish
- Financial Services
- Onboarding
- Regulatory Compliance
How to get hired
- Tailor your resume: Highlight your 2+ years of KYC/AML experience and understanding of regulations.
- Showcase compliance skills: Emphasize your due diligence, risk assessment, and EDD capabilities.
- Demonstrate communication: Detail your experience liaising with C-suite executives and global teams.
- Highlight language skills: Mention your Spanish fluency and any additional languages like Italian or German.
- Prepare for interviews: Be ready to discuss specific scenarios involving high-risk clients and regulatory challenges.
Technical preparation
Master AML/CTF regulations and best practices.,Practice performing client due diligence.,Familiarize yourself with EDD procedures.,Review risk assessment methodologies.
Behavioral questions
Describe handling a high-risk client situation.,How do you ensure accuracy in documentation?,How do you collaborate with sales teams?,How do you manage multiple compliance tasks?
Frequently asked questions
- What are the primary responsibilities of a KYC Compliance Analyst at Corpay?
- As a KYC Compliance Analyst at Corpay, your main duties involve conducting Know Your Customer (KYC) reviews for new and existing clients, performing due diligence, assessing risks, and identifying high-risk relationships requiring Enhanced Due Diligence (EDD).
- What qualifications are essential for the KYC Compliance Analyst role at Corpay?
- Essential qualifications include a university degree or equivalent experience, at least 2 years in Financial Crime Compliance/KYC, a strong understanding of AML/CTF regulations, excellent communication, and strong research/investigation skills. Spanish fluency is required.
- Is experience with Enhanced Due Diligence (EDD) important for this Corpay role?
- Yes, experience with Enhanced Due Diligence (EDD), including identifying high-risk industries, PEPs, sanctions, and evaluating negative media, is highly valued for this KYC Compliance Analyst position.
- What type of work environment can I expect as a KYC Compliance Analyst at Corpay Madrid?
- You can expect to work in a fast-paced and dynamic environment, collaborating closely with the Sales team and reporting to the KYC Compliance Manager. This role offers opportunities to contribute to process development.
- Are there opportunities for career growth in compliance at Corpay for a KYC Compliance Analyst?
- Corpay offers opportunities to participate in project work and contribute to the development of internal processes, guidance, and procedures, which can provide a strong foundation for career advancement within the compliance field.
- What are the benefits of working as a KYC Compliance Analyst in Madrid with Corpay?
- Working as a KYC Compliance Analyst in Madrid with Corpay allows you to be part of a global team, gain experience in a dynamic financial services environment, and utilize your Spanish language skills in a professional setting.
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