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KYC Operations Analyst

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Citi

1mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Banking & Finance
  • Mumbai

AI generated summary

  • You should have 3-5 years of relevant experience and a bachelor's degree or equivalent.
  • You will prepare and maintain KYC records, validate information, update systems, ensure regulatory compliance, and assess risks while collaborating with internal teams and managing workflows.

Requirements

  • Previous relevant experience preferred of 3-5 years
  • Bachelor's degree/University degree or equivalent experience

Responsibilities

  • Partner with Relationship Management and Compliance teams to assist with the preparation, development, due diligence and approval of the electronic Know Your Client (KYC) record and supporting appendices
  • Create and maintain KYC records by obtaining information from internal and external sources (firm website, regulatory websites, etc.)
  • Partner with Relationship Management and Compliance teams to update system information from initiation to approval of KYC record and report workflow progress to supervisor
  • Validate the information within KYC records and Customer Identification Program (CIP) documents to ensure completion and accuracy
  • Ensure KYC records incorporate local regulatory requirements / Global Business Support Unit (BSU) Standards
  • Maintain BSU tool
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency

FAQs

What is the primary responsibility of a KYC Operations Analyst?

The primary responsibility of a KYC Operations Analyst is to assist in the development and management of a dedicated internal KYC (Know Your Client) program at Citi, including participation in Anti-Money Laundering (AML) monitoring and regulatory reporting activities.

What qualifications are required for this position?

A Bachelor's degree or equivalent experience is required, along with preferred previous relevant experience of 3-5 years.

What kind of teamwork is involved in this role?

The role requires partnering with Relationship Management and Compliance teams to prepare, develop, and approve the electronic KYC record and supporting documents.

Are there specific tools or systems that a KYC Operations Analyst needs to maintain?

Yes, the KYC Operations Analyst is responsible for maintaining the Business Support Unit (BSU) tool and ensuring KYC records comply with local regulatory requirements and Global Business Support Unit Standards.

What kind of information will the KYC Operations Analyst need to obtain?

The analyst will need to obtain information from internal and external sources such as firm websites and regulatory websites to create and maintain KYC records.

Is there a focus on compliance and risk assessment in this role?

Yes, the KYC Operations Analyst must appropriately assess risk when making business decisions and drive compliance with applicable laws, rules, and regulations.

What is the work schedule for this role?

This position is full-time.

Does Citi offer equal employment opportunities?

Yes, Citi is an equal opportunity and affirmative action employer, considering qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

What should a candidate do if they need accommodations during the application process?

Candidates who require reasonable accommodations due to disability may review Accessibility at Citi for guidance on using search tools and applying for career opportunities.

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Citi

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

Benefits

  • Live Well, Stay Healthy

    Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

  • Paid parental leave

    We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

  • Save well, for now and your future

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  • Keep learning

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  • Be well, take time off

    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • Support Your Community

    We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.