KYC ANALYST- CIBG
Mashreq Bank
Total years of experience :15 years, 9 Months
KYC renewals for Corporate Banking & Large corporate accounts
Risk analysis based on the risk matrix
Transaction monitoring and risk reporting
Performing Customer due diligence (CDD)
Enhanced due diligence (EDD) for high risk customer
Conduct independent research to gather and record data from internal systems, commercial databases, and the Internet
Conduct investigations based on global standards, policies, tools, and procedures to ensure compliance with internal and external regulatory requirements
Escalate high-risk accounts with missing records to the relevant internal unit
Transaction management (Managers Cheque, Demand Draft, Cash, Cheque, Wire Transfer) up to delegated limits in accordance with approved SOPs & SLAs
KYC & compliance coordination
Daily reconciliation of payments & deposits with the branch operation report generated end of day
Assist in identification of potential AML issues and reporting to the concerned department
Promote services and products of the bank to help achieve business goals (cross selling)
Cash Forecast and coordinate with central bank as per requirement.
Daily cash reporting for the branch operation manager and operations head
Supervising branch operation and cash management
Selling and buying of foreign currencies and issuing of drafts.
Monitor daily ongoing FX market currency rate and decide the buying and selling rate for each currency to attract new customers /retain existing customers ensuring maximum profitability.
Formulate business strategy according to the market conditions, market changes or available market information
Managing large amount of wire transfers, bill payments in an error free manner within TAT
Obtain KYC documents & initial screening of transactions to abide AML policies
Follow up to make sure all documentation for new accounts meet the know your customer (KYC) requirements
Recruiting and training of insurance agents
Daily reporting of day to day operational functions
Developing of sales plans and strategies
Develop and maintain customer database
Involved in identifying, analyzing, reporting and tracking company products to customers with queries.
Communicated with other departments and external departments in the resolution of queries on exchange data and historical data as needed.
Perform any other administrative tasks as agreed between the Managing Directors and Financial Planning Manager.
Develop management information for monitoring trends.