Job Description
KYC Quality Controller performs a critical function that involves an independent checker role to ensure high quality standards are maintained in strict adherence with bank policy. Ensures customer On -boarding, Periodic review is completed timely and within quality expectations.
Key Accountabilities
• Ensure smooth account opening/ReKYC through quick and efficient movement across CDD process without compromising the quality of Screening
• To hand-hold RMs regarding the documents required and the query resolution.
Job Duties & responsibilities
• Poses good knowledge about RBI KYC guideline and documentation of Corporate and individual accounts opening
• Adhere to the CDD RBI circulars, CDD Standards & India LKYC guidelines towards scrutiny of Customer Due
• Diligence while Onboarding/ReKYC/Trigger BCAP
• Active engagement with internal /concurrent/QA audit teams.
• Co-ordinate/Follow up/ Track Audit issues and help to complete/close the same.
• Ensure all the audit issues are closed/completed within the agreed timelines.
• Ensuring Clean Audit report - Resolving issues in timely manner with satisfactory evidence and no overdue
• Name Screening & sanction alerts within TAT & also do periodic review of clients.
• Timely Closure of Batch & Sanction Alerts
• Qualitative Analysis of Batch Screening & timely submission of the same
• Periodic Review of Clients
• Advisory role for BU wrt KYC Queries Resolution
• Providing resolution regarding KYC/CDD related queries that the BU may have at the time of onboarding.
• Reducing in rework rate & TAT of account opening
• Regular Training RMs & Makers
• Review & modify processes for CDD Scrutiny in line with changes in regulatory processes
• Supporting CDD Centralization
• Training CDD Making Team with regards to the requirements of BCAP
• Help in creating repository for BU & CDD Checking team to refer wrt CDD.
• UATs for enhancements
• Should be well versed with Liability Products
• Should poses good Knowledge of FATCA/CRS guidelines
• Poses good knowledge of various defaulters database and their impact. e.g. RBI Caution list / Black list /Lexis Nexis
• Compliance and adherence of internal and external regulations
• Reviews a list of high-risk KYC processes and tracks the quality
• Perform quality reviews and reviews of procedures and processes
Required Experience
• Minimum 3 to 5 Years
Education / Preferred Qualifications
• Graduate/Post-Graduate
Core Competencies
• Understanding of the documents needed for On-boarding/ReKYC in accordance with RBI s Circulars for the different types of Legal Entities.
• Screening of CDD for On-boarding & ReKYC.
• Possess understanding for review of Politically Exposed Person (PEP) & Sanction Exposure.
• Exposure of Finacle system.
• Should possess good problem solving skill and business orientation.
Technical Competencies
• Good exposure of Finacle
• Experience in handling UATs.
• Knowledge of Excel, Word & Power-point
Work Relationship
• Being a Team player & self-motivated person.
• Growth Oriented
Key Accountabilities
• Ensure smooth account opening/ReKYC through quick and efficient movement across CDD process without compromising the quality of Screening
• To hand-hold RMs regarding the documents required and the query resolution.
Job Duties & responsibilities
• Poses good knowledge about RBI KYC guideline and documentation of Corporate and individual accounts opening
• Adhere to the CDD RBI circulars, CDD Standards & India LKYC guidelines towards scrutiny of Customer Due
• Diligence while Onboarding/ReKYC/Trigger BCAP
• Active engagement with internal /concurrent/QA audit teams.
• Co-ordinate/Follow up/ Track Audit issues and help to complete/close the same.
• Ensure all the audit issues are closed/completed within the agreed timelines.
• Ensuring Clean Audit report - Resolving issues in timely manner with satisfactory evidence and no overdue
• Name Screening & sanction alerts within TAT & also do periodic review of clients.
• Timely Closure of Batch & Sanction Alerts
• Qualitative Analysis of Batch Screening & timely submission of the same
• Periodic Review of Clients
• Advisory role for BU wrt KYC Queries Resolution
• Providing resolution regarding KYC/CDD related queries that the BU may have at the time of onboarding.
• Reducing in rework rate & TAT of account opening
• Regular Training RMs & Makers
• Review & modify processes for CDD Scrutiny in line with changes in regulatory processes
• Supporting CDD Centralization
• Training CDD Making Team with regards to the requirements of BCAP
• Help in creating repository for BU & CDD Checking team to refer wrt CDD.
• UATs for enhancements
• Should be well versed with Liability Products
• Should poses good Knowledge of FATCA/CRS guidelines
• Poses good knowledge of various defaulters database and their impact. e.g. RBI Caution list / Black list /Lexis Nexis
• Compliance and adherence of internal and external regulations
• Reviews a list of high-risk KYC processes and tracks the quality
• Perform quality reviews and reviews of procedures and processes
Required Experience
• Minimum 3 to 5 Years
Education / Preferred Qualifications
• Graduate/Post-Graduate
Core Competencies
• Understanding of the documents needed for On-boarding/ReKYC in accordance with RBI s Circulars for the different types of Legal Entities.
• Screening of CDD for On-boarding & ReKYC.
• Possess understanding for review of Politically Exposed Person (PEP) & Sanction Exposure.
• Exposure of Finacle system.
• Should possess good problem solving skill and business orientation.
Technical Competencies
• Good exposure of Finacle
• Experience in handling UATs.
• Knowledge of Excel, Word & Power-point
Work Relationship
• Being a Team player & self-motivated person.
• Growth Oriented
💡 Quick Summary
Seeking a career-building opportunity? The Specialist CDD Checker| Operations| Account Services| Corporate Banking position is now open for candidates interested in the Bank Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
