Analyst, Specialist, Operations, Account Services, Institutional Banking Group

Overview

Analyst role in the Institutional Banking Group's Account Services team, handling KYC and CDD scrutiny for corporate and institutional customer onboarding, re-KYC and audit remediation in line with RBI and SEBI guidelines.

What you'll do

• Document corporate and individual account openings, including BANK, NBFC and FIG customers, in line with RBI KYC and SEBI guidelines.
• Adhere to CDD circulars, CDD standards and India LKYC guidelines when scrutinizing Customer Due Diligence during onboarding, re-KYC and trigger-based reviews.
• Engage actively with internal, concurrent and QA audit teams.
• Coordinate, follow up on and track audit issues, and help complete or close them within agreed timelines.
• Resolve issues promptly with satisfactory evidence to maintain a clean audit report.
• Close name screening and sanction alerts within TAT, and conduct periodic client reviews.
• Close batch and sanction alerts on time and submit qualitative analysis of batch screening.
• Act as an advisor to the business unit on KYC queries, including resolving KYC and CDD queries at onboarding.
• Reduce rework rate and turnaround time for account opening.
• Train RMs and makers regularly, and review and modify CDD scrutiny processes in line with regulatory changes.
• Support CDD centralization and train the CDD making team on BCAP requirements.
• Create and maintain a repository for the business unit and CDD checking team.
• Perform UATs for enhancements.
• Review a list of high-risk KYC processes and track their quality.

What you'll need

• Minimum 6 to 10 years of experience in a similar role within the banking or financial services industry.
• Strong attention to detail and ability to work accurately under pressure.
• Excellent communication and interpersonal skills to interact with clients and internal stakeholders.
• Proficiency in relevant banking systems and software applications.
• Ability to work collaboratively in a team environment and adapt to changing priorities.
• Demonstrated problem-solving and analytical skills to identify and resolve operational issues.
• Understanding of onboarding and re-KYC documents required under RBI circulars for different types of legal entities.
• Screening of CDD for onboarding and re-KYC.
• Understanding of review of Politically Exposed Persons (PEP) and sanction exposure.
• Good exposure to Finacle.
• Experience handling UATs.
• Knowledge of Excel, Word and PowerPoint.
• Good knowledge of RBI KYC and SEBI guidelines.
• Knowledge of FATCA and CRS guidelines.
• Knowledge of various defaulter databases and their impact, e.g. RBI Caution List, Black List, LexisNexis.
• Well versed with liability products.
• Good problem-solving skills and business orientation.
• Team player and self-motivated.
• Growth oriented.

Details

• Location: Mumbai.
• Function: Operations.
• Schedule: Regular.
• Employment status: Full time.