KYC/CDD Analyst

(SG)

About the Company

Our client, who is the pioneer in the B2B crypto payment, is one of the few companies granted with digital payment token service license by MAS. The company covers over 900 clients, operating in 60+ countries.

Responsibilities

Client Onboarding

  • Conduct comprehensive due diligence on new clients to assess their suitability for onboarding.
  • Collect and review client information, including constitutional and identification documents, ownership structures and Source of Fund/Source of Wealth.
  • Verify client identities and assess their risk profiles based on provided information.
  • Identify potential risks associated with the business relationship and escalate any red flags or concerns.

Periodic Review

  • Perform periodic reviews of existing client accounts to ensure ongoing compliance.
  • Conduct updated KYC checks, reviewing client information and documentation.
  • Determine the risk level associated with each client and take appropriate actions based on findings.

Ongoing Name Screening

  • Investigate and resolve any potential name screening hits generated by the ongoing batch screening.
  • Identify and implement necessary due diligence measures in the event of any true name hits.
  • Stay updated with regulatory changes and maintain knowledge of current watchlists and sanctions lists.

Documentation and Record-Keeping

    • Maintain accurate and up-to-date records of all KYC activities and findings.
    • Collaborate with Compliance and Legal to ensure adherence to applicable regulations and policies.
    • Assist in the development and implementation of enhanced KYC processes and procedures.

Requirements

  • Bachelor’s degree in finance, business administration, or a related field.
  • At least 2 years of experience in a similar KYC role within the financial sector, preferably in the Payments industry.
  • Strong understanding of AML and KYC regulations and best practices.
  • Knowledge of watchlists, sanctions lists, and name screening tools.
  • Understanding of risk assessment and mitigation principles.
  • Strong attention to detail and ability to work with a high degree of accuracy.
  • Ability to work independently and prioritize tasks in a fast-paced environment.
  • Understanding of cryptocurrency, blockchain technology, and related regulatory frameworks is a bonus.

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