Shuraa

Shuraa is currently seeking for a KYC Coordinator to join us onboard. In this role you would be a responsible for reviewing documentation for new customer accounts, evaluates high-risk accounts and analyzes new customer processes and policies. 

To excel in this role, you should hold an extensive knowledge about KYC processes and AML regulations along with an excellent analytical and observational skills.

• Must have a degree in commerce, accounting, finance, or a related field is often a minimum requirement.
• Strong analytical skills and attention to detail is critical to ensuring accuracy and compliance with regulatory requirements.
• Being able to work effectively in a team.
• The ability to assess situations and propose effective solutions is valuable.
• Relevant experience in banking, financial services, or compliance roles can be an advantage.

KYC Analyst:

• Customer Due Diligence (CDD): Conduct thorough investigations into the background of new and existing customers to assess the level of risk they pose. This involves verifying identity, understanding the nature of the customer's business or financial activities, and assessing the source of funds.
• Documentation Review: Scrutinize customer-provided documents such as identification, financial statements, and business records to ensure accuracy and authenticity. Any inconsistencies or red flags must be identified and reported.
• Risk Assessment: Evaluate the risk associated with each customer and transaction. This involves categorizing customers based on their risk profile and determining the appropriate level of due diligence required.
• Monitoring and Reporting: Continuously monitor customer accounts and transactions for unusual or suspicious activities. If any such activities are identified, KYC analysts are responsible for escalating the issue and reporting it to the relevant authorities as per regulatory requirements.
• Compliance: Stay updated on relevant laws and regulations pertaining to anti-money laundering (AML) and KYC. Ensure that the institution's policies and procedures are in compliance with these regulations.