Job Overview
We are seeking a Remediation Analyst to support the financial institution in ensuring thorough Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. The analyst will be responsible for conducting project due diligence, reviewing and verifying Statements of Work (SOW), and assessing projects for potential risks, including PEP and Adverse Media, using trusted industry sources. The role involves comprehensive analysis of project data, ensuring compliance with bank Standard Operating Procedures (SOP), and collaborating with legal support teams for risk mitigation.
Key Responsibilities:
- Conduct detailed project due diligence to support and verify SOW (Statement of Work) alignment with bank SOP.
- Evaluate and assess project profiles, including beneficiary’s full name, date of birth, place of birth, nationality, source of wealth (SoW), and occupation.
- Review and investigate projects for PEP status, sanctions listings, and adverse media risks using trusted industry databases and sources.
- Analyze flagged cases and promptly identify and escalate any anomalous or suspicious activities to project or legal teams for further investigation and resolution.
- Support timely and accurate reporting and documentation of due diligence findings.
- Maintain up-to-date knowledge of regulatory requirements and best practices related to AML/KYC, PEP, sanctions and adverse media screening.
- Provide input and recommendations on risk mitigation and remediation efforts for suspicious activities.
Qualifications & Skills:
- Proven experience in project due diligence, KYC, or AML processes, preferably within a banking or financial institution.
- Familiarity with sanctions, PEP, and adverse media checks, and utilizing industry sources such as World-Check, Dow Jones, etc.
- Strong analytical and investigative skills with attention to detail.
- Good communication skills for collaborating with projects and legal support teams.
- Ability to handle sensitive and confidential information with discretion.
- Knowledge of current regulatory requirements and compliance standards for project screening and due diligence.
