KYC Analyst at Equiti

The KYC Analyst is responsible for efficiently and effectively on-boarding clients by processing new applications, whilst ensuring that all processes and procedures are followed strictly in accordance with the established regulatory framework.

Responsibilities

• Manage KYC account opening for the new and existing clients. Includes a collection of account-specific information recording information via electronic account–opening system, retrieving relevant executed documentation from clients, and compliance regulatory procedures.
• Collaborate and acting as an intermediary person between the Sales team and Compliance.
• Perform client due diligence to ensure that all accounts are in accordance with the Compliance policies and procedures.
• Support Compliance Officer with day-to-day activities.
• Perform periodic reviews of accounts and monitor the change in clients’ AML/CFT risk assessment and update the score where necessary.
• Produce MI reports in relation to onboarded customers to the Head of Compliance on a monthly and semi-annual basis
• Review, assess and scrutinize the account opening process to ensure its in line with Kenya’s AML/CFT requirements, as well as CMA requirements.
• Take the necessary due diligence measures and procedures to identify the risk posed by the customer, factoring in various risk measures (geographic, nationality, customer risk, product, and delivery channel), and assessing the customer’s risk accordingly. Analyzing the customer profile and requesting necessary documentation in line with the risk posed by the customer.
• Perform periodic reviews of accounts, to determine the level of risk.
• Make sure sanctions and PEP screening on all new accounts are done and reviewed appropriately, and escalating any positive matches to the MLRO instantly.
• Make sure the Sanctions program is followed cautiously.

Skills & Competencies

• Proven ability to work independently and competently handle multiple responsibilities, with a high degree of accuracy.
• Team player with excellent organizational skills.
• Excellent attention to details.
• Excellent verbal, written and interpersonal skills with the ability to interact with clients, officers and peers in a professional manner.

Experience Requirements

• Bachelor’s degree.
• 2+ years of professional experience, preferably in financial services.
• Professional level of written and spoken English and Swahili (additional languages are a plus).
• Proficient use of Word, PowerPoint and Excel.