SUMMARY:
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POSITION INFO:
The KYC Administrator is responsible for ensuring that all client onboarding, due diligence, and ongoing monitoring processes align with regulatory requirements and internal policies. This role involves verifying customer identities, assessing risks, maintaining accurate records, and ensuring compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
Key Responsibilities:
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Customer Due Diligence (CDD):
- Conduct thorough customer identification and verification checks during the onboarding process.
- Review and assess KYC documentation such as IDs, proof of address, and business registration documents.
- Identify and escalate potential risks related to money laundering, fraud, or other financial crimes.
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Ongoing Monitoring:
- Perform periodic reviews of existing customer profiles to ensure up-to-date information.
- Monitor transactions to detect unusual or suspicious activities, reporting findings to the appropriate team.
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Data Management:
- Accurately input and maintain customer records in the company’s KYC/AML system.
- Ensure all documentation is securely stored and easily retrievable for audits or regulatory reviews.
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Compliance and Reporting:
- Stay up to date with regulatory changes and ensure KYC processes align with current laws and guidelines.
- Assist in preparing reports for regulatory bodies and internal audits.
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Collaboration and Support:
- Work closely with compliance, risk, and operations teams to resolve KYC-related queries.
- Support training initiatives for staff regarding KYC processes and regulatory requirements.
Key Skills and Competencies:
- Strong attention to detail and organizational skills.
- Excellent analytical and problem-solving abilities.
- Good communication skills, both written and verbal.
- Ability to manage multiple tasks and meet deadlines.
- Proficiency in using KYC systems and Microsoft Office Suite.
Qualifications and Experience:
- Matric
- Clear ITC
- Previous experience in a KYC or financial services environment.
- Understanding regulatory frameworks.
- Familiarity with local regulatory requirements.
