Toronto, ON

Product/ Credit Analyst - KYC

KYC Transaction & Financial Analyst

On behalf of our client in the Banking Sector, PROCOM is looking for a KYC Transaction & Financial Analyst.

KYC Transaction & Financial Analyst – Job Description

  • Write the “client story” to show we know a client with respect to money laundering risk factors including why they wish to deal with the bank and why their proposed use of products/services is reasonable
  • In some cases, this will be very obvious and in others this will require analysis and discussion with the LOBs
  • In all cases, this will be based on the KYC profile collected and built by the KYC teams
  • Conduct analysis, in as much detail as needed, of customer anticipated/observed transactional amounts, financial information, and client static (e.g. industry) information for reasonability to help build the customer story and ensure that the financials and use of products is consistent with the customer story (i.e. ensure their activity coincides with their client profile and is within established prescribed processes/guidelines set by the AML leadership team relating to Customers and Associated Persons and/or Entities, reviewing exceptions with LOBs and escalating as appropriate)
  • Coordinate and facilitate the KYC approval process across Capital Markets, providing a centralized point of contact and data collection for the Line of Business
  • This process is highly manual (at this point, we are looking to add automation) and the successful candidate will need to build the approval requests in accordance with established templates with strong attention to detail to prevent errors
  • The candidate will also shepherd client files through the Governance, LOB, and executive management approval processes to ensure that approval decisions are received on a timely basis and properly recorded
  • Provide guidance to Line of Business for resolving specific issues and questions related to the annual KYC review process and customer risk scoring
  • Ensure impacted stakeholders understand the AML compliance and risk management requirements and impacts to their businesses
  • Use judgment to compile descriptive customer profiles for review and approval by AMLRO teams and Lines of Business
  • Coordinate with KYC Analysts to ensure elements of customer profile are understood and accurately communicated
  • Stewardship of multiple levels of KYC approvals for significant volumes of ongoing customer reviews
  • Maintain excellent tracking and status reports to provide transparency and status updates
  • Escalation of delays and issues to senior management
  • Provide weekly/monthly reporting and analysis to relevant stakeholders to track progress and improve time to completion of review process
  • Provide guidance and problem-solve issues and challenges referred KYC and Lines of Business
  • Escalate issues to manager as required
  • Prioritize work in accordance with procedure and required timelines
  • Ensure receipt of appropriate approvals/authorizations in accordance with P&Ps and regulatory requirements
  • Manage and monitor a complex portfolio of work representing a significant amount risk
  • Ability to adapt to changing priorities while managing assigned workloads to ensure deadlines and expectations are met

KYC Transaction & Financial Analyst – Mandatory Skill

  • Undergraduate degree. Focal areas of Finance, International Business, Operations, Business Law
  • 3+ years of relevant experience in the financial services industry in Credit or Financial Analysis, Operations, Trading Support or Sales role
  • Strong understanding of trading products and Investment and Corporate Banking across Capital Markets
  • Experience working in a middle office function of capital markets would be an asset
  • Intermediate knowledge of applicable bank systems and Microsoft Office Suite (Excel, Word, PowerPoint, & SharePoint)

KYC Transaction & Financial Analyst – Nice to Have Skills

  • Solid level of relationship management, interpersonal skills and the ability to strategically and ethically leverage these relationships in a demanding environment
  • Ability to review, analyze and provide detailed information of the customer background
  • Excellent verbal and written communication skills
  • Demonstrated ability to independently manage multiple priorities and to proactively service multiple internal clients in a fast-paced environment
  • Ability to work a demanding schedule under limited supervision
  • Very good attention to detail and ability to learn and adapt quickly
  • Ability to collaborate and build good relationships at all levels of the organization
  • Strong conflict management/resolution skills
  • Strong organizational and prioritization skills

KYC Transaction & Financial Analyst - Assignment Start Date

ASAP – 6 months to start

KYC Transaction & Financial Analyst - Assignment Location

Toronto, ON – Work Remotely

Job Requirements