Job Title:  Regulatory & Financial Risk - AML / KYC & FATCA CRS experience -Bengaluru - Contractual

• KYC/AML SME with FATCA/CRS Experience – Job Description

  Summary:

• Job Title: KYC/AML SME with FATCA/CRS Experience
• Experience: 4-12 years
• Deloitte Designation: Consultant, AM, and DM
• Onboarding at Client: Immediate Joiners (or 30 days’ notice period max)
• Location: Bengaluru (hybrid working, 2-3 days a week in client office)

Qualifications and Requirements:

Minimum of 3-5 years of experience in KYC/AML compliance and Transfer Agency operations. Prior work experience and understanding in FATCA/CRS is a must. Bachelor’s degree in finance, Business Administration, or a related field. In-depth understanding of KYC/AML regulations and guidelines, as well as experience with investor registration processes within a Transfer Agency. Strong analytical and problem-solving skills. Proficiency in using Transfer Agency systems and KYC/AML compliance tools. Strong communication and interpersonal skills, with the ability to interact teams effectively.

Key Responsibilities:

Conduct KYC checks and perform risk assessments on new and existing investors, ensuring compliance with AML regulations and company policies. There is a backlog of historic data items that needs to be remediated in advance of the next FATCA CRS reporting period which will kick off in 2025. The root cause for remediation breaks can be split roughly into 2 categories:

• Tax information has been provided by the Investor, but the data has not been captured correctly on the system in the first instance or in some cases not input on system
• Tax information hasn’t been provided by the investor and an outreach to the investor/client maybe required

Review and verify investor documentation, including identification, proof of address, and source of funds, to ensure accuracy and completeness. Perform EDD for high-risk investors, ensuring that all necessary information is collected and reviewed in accordance with regulatory requirements. Assist in internal and external audits related to KYC/AML compliance, providing necessary documentation and responses to audit queries. Perform regular reconciliations of investor records, ensuring that all transactions and account balances are accurate and up to date. Facilitate the registration and onboarding of new investors, ensuring all required documentation is collected, verified, and recorded accurately.