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:
1. 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
2. Identify and analyze interconnected risks within a KYC Profile
3. When necessary, independently investigate risks components to understand context and resolve material issues
4. Provide clear, concise, and self-sustaining risk analyses that support the ultimate disposition of each KYC Profile reviewed
5. Disposition each KYC Profile in a timely and effective manner
6. Provide advice from an AML perspective on issues escalated by the Business
7. Escalate AML concerns or any significant suspicious activities to senior management
Requirements:
8. Relevant work experience
9. Bachelor’s Degree and AML Certification preferred
10. Ability to critically think and assess complex issues
11. Recent working knowledge of AML legislation and regulatory requirements
12. Ability to rapidly comprehend new and complex products
13. Proactive, organized with ability to work independently with minimal supervision
14. Ability to manage and complete multiple tasks on time
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Compliance
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Job Family:
AML Execution
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Time Type:
Full time
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Most Relevant Skills
Communication, Data Analysis, Laws and Regulations, Planning and Organizing, Referral and Escalation, Report Writing, Risk Identification and Assessment, Risk Remediation.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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