KYC Risk Evaluation Management (REM) is an AML function that is responsible for conducting a risk evaluation of new and existing clients with certain high-risk attributes. A risk evaluation is a holistic assessment of these high-risk attributes reviewing in conjunction with the client’s KYC Profile to determine whether to on-board or maintain the relationship from an AML perspective. To achieve this goal, a REM analyst needs to be able to understand risk concepts, identify root causes, and analyze complex issues. As such, responsibilities include:
Responsibilities:
- Understanding the applicable Global KYC Policies, Standards and Procedures
- Assess various components of the KYC Profile to support the disposition of the client. This may include: Client Information, Ownership Structure, Name Screening Matches, EDD, Product Profile, and Local Requirements.
- Identify and analyze interconnected risks within a KYC Profile
- When necessary, independently investigate risks components to understand context and resolve material issues
- Provide clear, concise, and self-sustaining risk analyses that support the ultimate disposition of each KYC Profile reviewed
- Disposition each KYC Profile in a timely and effective manner
- Provide advice from an AML perspective on issues escalated by the Business
- Escalate AML concerns or any significant suspicious activities to senior management
- Operationally review and apply risk rating overrides in applicable systems when requested by AML/non-AML functions
- Support management with provision of accurate weekly and monthly metrics if requested
- Ability to review KYC Profiles with higher risk characteristics (Category A Negative News, AML Program issues, etc.)
- Responsibilities may evolve as the program dictates
Qualifications:
- 3+ years of relevant work experience in AML
- Bachelor’s Degree and AML Certification preferred
- Proficient in English language and Portuguese preferred is a plus
- Effective verbal and written communication skills in both languages
- Ability to critically think and assess complex issues
- Recent working knowledge of AML legislation and regulatory requirements.
- Ability to rapidly comprehend new and complex products.
- Commitment to understanding country-specific principles and business knowledge related to AML regulations.
- Proactive, organized, and ability to work independently with minimal supervision.
- Must be able to manage and complete multiple tasks on time.
- Understanding appropriate escalation and follow-up methods when potential AML risk is identified.
- Ability to independently refer to policies and procedures and put into context with regards to this role.
Education:
- Bachelor’s degree/ University degree or equivalent experience in AML
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Job Family Group:
Compliance-
Job Family:
AML Execution-
Time Type:
Full time-
Most Relevant Skills
Communication, Data Analysis, Laws and Regulations, Planning and Organizing, Referral and Escalation, Report Writing, Risk Identification and Assessment, Risk Remediation.-
Other Relevant Skills
Professional Judgement, Writing Skills.-
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