We are seeking a meticulous and proactive Compliance Associate with at least 3 years of experience to join our team. The Compliance Assistant will be the first point of contact for collecting Know Your Customer (KYC) documentation for new clients. This role involves reviewing and ensuring the completeness of KYC documents, running initial compliance checks, and handing over verified documents to the Chief Compliance Officer for final approval. As the Compliance Associate grows in this role, they will gain more involvement in broader compliance processes, including policy development and transaction monitoring.
Key Responsibilities:
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KYC Collection and Review:
- Serve as the initial point of contact for new clients regarding KYC documentation.
- Collect and review KYC documents such as passports, IDs, proof of address, and corporate documents.
- Ensure all required documents are complete, accurate, and meet regulatory standards.
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Initial Compliance Checks:
- Conduct preliminary compliance checks on new clients using internal and external compliance tools.
- Identify and escalate potential compliance issues to the Chief Compliance Officer.
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Documentation and Reporting:
- Maintain accurate records of KYC documentation and compliance checks.
- Prepare and hand over reviewed documentation to the Chief Compliance Officer for final approval.
- Assist in preparing compliance reports and summaries as needed.
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Client Onboarding Support:
- Assist new clients in understanding and fulfilling KYC requirements.
- Provide support and guidance to clients throughout the onboarding process.
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Continuous Learning and Growth:
- Stay updated with the latest regulatory changes and compliance best practices.
- Gradually take on more responsibilities within the compliance department, including developing compliance policies and monitoring transactions.
Qualifications:
- Bachelor’s degree in Finance, Business Administration, Law, or a related field.
- Minimum of 3 years of experience in a compliance, finance, or legal role, preferably with exposure to KYC and AML (Anti-Money Laundering) processes.
- Strong understanding of KYC and AML regulations and requirements.
- Excellent attention to detail and organizational skills.
- Strong communication and interpersonal skills.
- Ability to handle sensitive information with discretion and confidentiality.
- Proficiency in using compliance management software and tools.
- Ability to work independently and as part of a team.
Preferred Skills:
- Experience in a financial services or banking environment.
- Familiarity with regulatory compliance frameworks and guidelines.
- Certification in compliance or AML (e.g., CAMS) is a plus.
Benefits:
- Competitive salary and performance-based bonuses.
- Opportunities for professional growth and development.
- Ongoing training and career development opportunities