ob Overview:
The Customer Due Diligence Analyst is responsible for performing risk assessments and conducting investigations on customers, ensuring compliance with regulatory requirements, and contributing to the company’s overall Anti-Money Laundering (AML) program. The role involves gathering and analyzing customer information, identifying risks, and escalating issues as necessary to maintain a robust risk management framework.
Key Responsibilities:
Customer Risk Assessments: Perform due diligence on new and existing customers, including assessing risks related to money laundering, terrorist financing, and other financial crimes.
Know Your Customer (KYC) Compliance: Collect, review, and validate customer identification documents and financial information to ensure compliance with KYC policies and procedures.
Investigations: Conduct enhanced due diligence (EDD) for high-risk customers or transactions, including researching public databases, news sources, and other tools to identify potential risks.
AML Reporting: Identify and escalate suspicious activities in accordance with AML policies and regulatory requirements, preparing reports for senior compliance officers.
Customer Profile Updates: Maintain and update customer profiles regularly to reflect any changes in customer status or risk.
Regulatory Compliance: Ensure compliance with local and international regulations, including FATF, the Bank Secrecy Act (BSA), and the USA PATRIOT Act.
Collaboration: Work closely with other teams (e.g., Legal, Compliance, Risk, Operations) to resolve any issues and ensure the proper handling of customer information and documentation.
System Monitoring: Utilize internal compliance systems and external tools to monitor customer activity, ensuring all processes are in line with regulatory requirements.
Key Skills and Qualifications:
Education: A bachelor’s degree in Finance, Business, Accounting, or a related field.
Experience: Minimum of 3-6 years of experience in a CDD, KYC, or AML role within the financial services industry.
Knowledge: Understanding of AML regulations, KYC, customer risk profiling, and financial crime prevention practices.
Attention to Detail: Strong analytical skills with a keen eye for detail in reviewing customer documentation and financial transactions.
Communication Skills: Excellent written and verbal communication skills for reporting findings and interacting with internal teams and regulators.
Technical Proficiency: Proficient in using compliance software, Microsoft Office Suite, and databases for research and data analysis.
Certifications: Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist), CFE (Certified Fraud Examiner), or equivalent are a plus.