Perform KYC renewals of CIBG client’s as per the risk rating matrix, keeping in mind the compliance and regulatory requirements as prescribed by the central bank.
Key Result Area
• Performing the due diligence on new/existing Clients, requesting the KYC information, documentation, review and verification of received documentation and making an analytical risk assessment for new Clients;
• Thoroughly and succinctly document the research and analysis related to the financial activity and related entities of Clients, for an audience that includes Management, Regulators, Internal Audit, Senior Managers and Internal Compliance;
• Periodically evaluate existing Clients according to established policies and procedures;
• Periodical review of KYC records as to completeness, including verifying that due diligence has been performed and that CB standards are complied with; also that the files and risk assessments are current and up to date;
• Investigating high risk clients and reporting where necessary, including Politically Exposed Persons, and obtaining all necessary documentation to complete the client file;
• Process entries to open/close clients’ account on our KYC / Related Parties and CDD database, and instruct Client Desk to open/close the accounts on account level in Equation where applicable;
• Maintain continuous contact with customer in order to keep customer file updated;
• Communicate effectively and efficiently with relevant internal and external parties to obtain KYC documents;
• Have a thorough understanding of client’s business and related parties in order to monitor client’s activities for unusual transactions;
• Perform further investigation on identified suspicious client and client’s transactions and report to KYC/AML compliance officer;
• Responsible for a good understanding of CB due diligence regulations, policies and procedures;
• Specific projects which may rise from time to time.