Analyst- KYC
Crisil · Mumbai, Maharashtra, India
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- On site
- Full-time
- $70,000 / year
- Mumbai, Maharashtra, India
Job highlights
- Review and collate client KYC documentation.
- Conduct name list and negative news screening.
- Liaise with clients for additional information.
- Escalate concerns to Local Compliance.
- Manage KYC processes for new and existing clients.
About the role
Analyst- KYC
The Role & Key Responsibilities
As an Analyst, you will be responsible for:
- Send initial KYC requirements list to client
- Collate KYC documentation from client
- Review KYC documentation received ensuring it is appropriate for the risk rating level applicable to the client
- Liaise with client for any additional documentation or clarification required
- Carry out screening (Name list screening and Negative News Searches) in line with the Screening Procedure
- Prepare KYC checklists where applicable, and arrange for review
- Prepare Group Client Risk Assessment and arrange for review
- Escalate any concerns identified during the KYC review process to Local Compliance
- Input and approve all KYC Information Collected on KYC Application / Tool
- Prepare the Initial Client KYC File
- Attend to KYC Queries, Update MIS / KPIs
- Prepare Non-KYC Components & Tasks related to Client KYC Process for new Business
- Perform Client KYC for new clients, perform client KYC for regular and an event-driven reviews
- Understand and Apply KYC Key Operating Procedures and the Group AML / CFT Policy
- Assist in any other ad hoc Client KYC / Due Diligence related tasks and processes as requested by the Head of Client KYC Operations.
Qualifications and skills required
- An individual with a bachelor/masters degree qualification or equivalent
- A minimum of 3-5 years of Client KYC experience within the investment fund industry or equivalent
- A good knowledge of the funds industry, experience of different fund structures, domiciles and regulatory requirements
- Excellent communication, interpersonal and problem-solving skills
- Excellent time management and planning skills to deliver against agreed deadlines and objectives
- High attention to detail, accuracy, analytical, technical, organizational, and problem-solving skills
- Proactive and have the knowledge and skills to use own initiative in handling clients queries and escalate to management when required
- Ability to run and deliver on multiple projects and assignments
- Adaptable and flexible to changes
Key skills/competency
- KYC
- Client Due Diligence
- AML/CFT Policy
- Screening (Name list, Negative News)
- Risk Assessment
- Investment Fund Industry
- Regulatory Requirements
- Documentation Review
- Client Communication
- Problem-Solving
Skills & topics
- KYC Analyst
- Know Your Customer
- AML
- CFT
- Due Diligence
- Investment Funds
- Compliance
- Risk Assessment
- Screening
- Financial Services
How to get hired
- Tailor your resume: Highlight your 3-5 years of Client KYC experience in the investment fund industry.
- Showcase skills: Emphasize your communication, analytical, and problem-solving abilities relevant to KYC Analyst roles.
- Demonstrate knowledge: Mention your familiarity with AML/CFT policies and regulatory requirements.
- Prepare for interviews: Be ready to discuss your experience with client due diligence and risk assessments.
Technical preparation
Master KYC procedures and AML/CFT policies.,Practice name screening and negative news searches.,Familiarize with fund structures and regulations.,Review documentation for accuracy and completeness.
Behavioral questions
Describe a time you handled a complex client query.,How do you ensure accuracy in your work?,Tell us about managing multiple assignments.,How do you handle changing client requirements?
Frequently asked questions
- What are the primary responsibilities of a KYC Analyst at Crisil?
- As a KYC Analyst at Crisil, your main duties involve managing the Know Your Customer (KYC) process for clients. This includes sending initial requirements, collating and reviewing documentation, conducting screenings, liaising with clients, preparing risk assessments, and escalating any concerns to Local Compliance. You'll also handle KYC queries and maintain relevant records.
- What qualifications are essential for the KYC Analyst position at Crisil?
- Crisil requires candidates for the KYC Analyst role to have a bachelor's or master's degree, or equivalent. Crucially, you need 3-5 years of relevant Client KYC experience, ideally within the investment fund industry, along with strong communication, analytical, and time management skills.
- Is investment fund industry experience mandatory for this KYC Analyst job at Crisil?
- While experience within the investment fund industry is highly preferred for this KYC Analyst role at Crisil, equivalent experience that demonstrates a strong understanding of client KYC processes, regulatory requirements, and fund structures may also be considered.
- What kind of screening is involved in the KYC Analyst role at Crisil?
- The KYC Analyst role at Crisil involves carrying out name list screening and negative news searches as per the established Screening Procedure. This is a critical part of assessing client risk and ensuring compliance.
- How does Crisil handle client KYC queries and updates for this role?
- For the KYC Analyst position at Crisil, you will be responsible for attending to KYC queries from clients and updating relevant MIS (Management Information System) / KPIs (Key Performance Indicators). This ensures accurate tracking and reporting of KYC activities.
- What is the expected level of attention to detail for a KYC Analyst at Crisil?
- A high level of attention to detail and accuracy is paramount for a KYC Analyst at Crisil. The role demands meticulous review of documentation, thorough screening, and precise data entry to ensure compliance and mitigate risks.