KYC Analyst Resume Samples

Description :

1. Analysis of client source of wealth & net worth with regards to suitability to the Firm.
2. Familiared with account documentation requirements for Know Your Customer (KYC) regulations JPMorgan Chase Commercial Bank Familiarity with LIBOR/Spread rates to calculate interest accrual for commercial lines of credit & term loans.
3. Performed research analysis on payment patterns & transaction history to reconcile discrepancies.
4. Serviced all of JPMC Commercial Bank's Global Wealth Management & Ultra High Net Worth portfolio.
5. Conducted EDD reviews for high risk customers (e.g. identifies the purpose of the account, confirms source of wealth, reviews adverse media, etc.) as part of onboarding and throughout the course of the relationship.
6. Conducted transactional reviews of customers as part of periodic and event driven reviews.
7. Ensured that sufficient customer information was collected by the lines of business to develop an understanding of normal and expected activity based on the customer occupation or business operations for high risk customers.

Experience

5-7 Years

Level

Executive

Education

B.A. In Communications

Description :

1. Maintained flow of funds and transaction daily.KYC Remediation of existing customer including data collection, on-boarding tothe KYC Application and creation of KYC files in logical order fit for sign-off Responsibilities: Manage and facilitate client due diligence, including coordinating the participation of JPMorgan stakeholders who have KYC responsibilities.
2. Served as point of contact for KYC and reporting issues for designated clients.
3. Acted as a KYC and AML subject matter resource for KYC due diligence teams.
4. Acted as a subject matter resource on the KYC/AML policies and procedures as well as advise in formulating and writing policies and procedures Participate in annual AML discussions with clients.
5. Discussed and escalated with Compliance complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues.
6. Investigated names and accounts provided by multiple sources based on the AML Compliance office policies and procedures Review and analyze KYC data gathered to assess reasonable cause to advance an alert for an investigation Conducted due diligence searches, gathered data, and recorded evidence from internal systems, the internet, and third-party databases (Actimize and World Check).
7. Reviewed and monitored clients' accounts for potential matches to designated sanctioned targets and prohibited person's lists.

Experience

5-7 Years

Level

Executive

Education

Master In Business Administration

Description :

1. Completed due diligence periodic reviews of personal, corporate and trust accounts using World Check, LexisNexis and Google negative news searches.
2. Determined source of customer wealth and create a source of wealth narrative.
3. Conducted enhanced due diligence to determine the legality of the derived wealth of the customer.
4. Conducted risk rating analysis to ensure that accounts are properly risk-rated.
5. Conducted periodic reviews of the accounts of Special Category Customers, such as PEPs and other high-profile individuals.
6. Conducted pre-reviews of potential new accounts to determine whether the account's risk is satisfactory for the bank.
7. Analyzed documentation to determine the country(s) of business exposure.

Experience

2-5 Years

Level

Junior

Education

MS

Description :

1. Tested NORKOM application for monitoring customer transaction activities.
2. Reviewed Business Scenarios sent by Business Area and Create test cases.
3. Developed test cases to support software testing requirements.
4. Performed dry run on test plans and escalated any possible discrepancies.
5. Executed test cases and documented results in HP Quality Center 9.2.
6. Performed Functional Testing for the applications used within CRS department.
7. Performed New Functionality, Regression Testing, System Integration Testing.

Experience

2-5 Years

Level

Executive

Education

MS

Description :

1. Assessed and became familiar with business clients to mitigate potential risk, and maintain a good working relationship with the bank.
2. Duties included requesting, researching, and reviewing documentation, including legal documents, and performing due diligence by verifying client information/identification.
3. Worked effectively with sales department to obtain and verify documentation and comply with CIP requirements.
4. Searched for negative news, political affiliations, and/or criminal activity.
5. Researched and gathered documentation of good standing for active, registered, and/or charted companies.
6. Analyzed ownership structures and nature of businesses.
7. Updated entity information via AMC database.

Experience

7-10 Years

Level

Management

Education

MS

Description :

1. Researched, analyzed, and evaluated required KYC information on business banking clients.
2. Validated the customer's business purpose and legitimacy and analyze any transactions that appear unusual based on the customer's profile.
3. Risk rank the customers based on assessment of the risk profile of the customer including product, geography, transaction history and other relevant information.
4. Provided detailed documentation of the due diligence performed.
5. Determined appropriate action to be taken based upon the customer review.
6. Provided next step recommendations to KYC management, escalate issues as appropriate.
7. Interacted with Bankers to obtain required information.

Experience

2-5 Years

Level

Executive

Education

B.A In Business

Description :

1. Advocated for Health Savings Accounts, Global Prepaid Accounts and New Business clients providing exceptional service and ensuring all company policies and client privacy is protected.
2. Responsible for ensuring and reviewing all KYC requirements for new client onboarding.
3. Maintained detailed records on clients while analyzing and inputting new client data.
4. Based on product knowledge and experience, handled exception items and escalated issues.
5. Reviewed and utilized this information to provide process improvements and identify training opportunities to improve the team's overall knowledge and reduce the number of escalated issues.
6. Managed all aspects of client servicing, special investigations, foreign exchange wires, funding procedures/software testing of web-based and service oriented/server applications.
7. Duties also required attention to detail, analytical skills, extensive data entry of lockbox check deposits to cardholder accounts, interaction with clients and cardholders daily, detailed research and special handling with the quality assurance of staff productivity.

Experience

2-5 Years

Level

Executive

Education

GED

Description :

1. Knowledged of the laws applicable to money laundering, the Bank Secrecy Act, The USA PATRIOT Act, US Treasury AML guidelines, and Suspicious Activity Reporting.
2. Interpreted and applied anti-money laundering regulations to identify and recommend compliance changes as appropriate.
3. Collected and examined financial statements and documents to assist in identifying unusual transaction patterns.
4. Investigated potentially suspicious activity that may arise from account surveillance, branch escalations, risk alerts, regulatory investigations, and matters otherwise escalated to the AML Group by the Business, Compliance, Legal, Risk or other Firm divisions where account transactional activity is at issue.
5. Conducted appropriate due diligence related to the potentially suspicious activity through the review of client background information, review of securities transactions, and fund movements as necessary.
6. Conducted due diligence searches in various third party and internal databases.
7. Implemented and maintained appropriate KYC and enhanced due diligence compliance standards.

Experience

2-5 Years

Level

Junior

Education

MS

Description :

1. Conducted investigations into various types of funds and investment vehicles to determine their investment managers as well as the documentary evidence indicating the relationship between the entities (funds and investment managers) and the appropriate MIFID classifications.
2. Sourced and gathered relevant documentation for entities such as charities, trusts, foundations, LLPs, LLC, pooled investments (Hedge funds and SPVs, etc), /SPE and complex ownership structures and conducting high-level checks in line with due diligence procedures of the bank Working as part of a 20-man team on the project responsible for carrying out due diligence on funds linkage and remediation and reviewing KYC documentation used to on-board or re-mediate high-risk clients and carrying out enhanced due diligence on same.
3. Escalated negative news/adverse media and PEP (true matches) to compliance for approval of negative news disposition and assisting KYC department with other KYC remediation projects to enhance the KYC framework Working with the front office to off-board clients who no longer have a relationship with the Bank and understanding the rationale behind products provided by the bank to the client and associated risk to the KYC record.
4. Conducted KYC on high net worth individuals and corporate entities before acceptance as a client through KBA - Knowledge-Based Authentications, EID and V, Screening - Adverse Media Search and PEP assessments using Thomson Reuters World-Check and Bridger.
5. Ensured all documentary evidence are properly recorded and stored for easy accessibility.
6. Drafted and reviewed Trusts Deeds and other forms of contract such as an Investment Management Agreement, Prospectus, Deed of Counter - Indemnity, Private Placement Memorandum, Offering Circular, e.t.c.
7. Assigned full review of low and medium-risk ITA accounts (inactive turned active).

Experience

5-7 Years

Level

Executive

Education

MS

Description :

1. Performed KYC Due diligence/ EDD/CDD/Compliance on customer accounts/Client onboarding Accounts- Monitored customer accounts via internal database.
2. Updated mandate forms, proof of ownership documents, change of directors Verified Companies using Hoovers, NYSE, Department of State and other pertinent databases Performed updates on High/low/medium risks customer accounts.
3. Escalated account is Pep found or other Negative Media Reports.
4. Investigated Clients using World check and Norodom databases.
5. Verified accuracy of SOW (source of wealth).
6. Obtained updated documents from RM for client accounts.
7. Performed enhanced and specialized due diligence reviews on high risk business banking clients.

Experience

0-2 Years

Level

Entry Level

Education

MS