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KYC Analyst And Client Coordination

  • Location

    Luxembourg

  • Sector:

    Finance & Banking

  • Job type:

    Contract

  • Salary/Rate:

    negotiable

  • Contact:

    Amy Hughes

  • Contact email:

    ahughes@skillfindergroup.com

  • Job ref:

    18576USER_75

  • Consultant:

    Amy Hughes

KYC Analyst and Client Coordination



The role of a KYC (Know Your Customer) Analyst involves a range of responsibilities centred around managing and ensuring the integrity of client data, compliance with regulations, and maintaining effective client relationships. Below is a detailed breakdown of the key tasks and responsibilities associated with this position:

Key Responsibilities:


1. Management of KYC Data
Collect, verify, and maintain client data according to regulatory standards.
Ensure all data is up-to-date and accurately reflects the client's current status.
Maintain comprehensive records in the company's database.
2. Quality Control of Third Party Data
Perform thorough reviews of data provided by third parties.
Ensure the accuracy and completeness of third-party information.
Implement controls to identify and rectify discrepancies.
3. KYC File Due Diligence
Conduct in-depth due diligence on new and existing clients.
Verify client identities and business activities to prevent fraud and money laundering.
Assess risk levels and ensure compliance with internal policies and regulatory requirements.
4. KYC Control
Monitor and control processes to ensure ongoing compliance with KYC regulations.
Identify potential compliance issues and take corrective actions.
Conduct regular audits and reviews of KYC files.
5. Participate in Drafting and Updating Procedures and Operating Methods
Assist in the creation and revision of KYC policies and procedures.
Ensure all procedures comply with current regulations and industry best practices.
Collaborate with other departments to improve and streamline processes.
6. Client Relationship
Maintain strong relationships with clients to facilitate smooth KYC processes.
Address client queries and concerns regarding KYC requirements.
Provide guidance and support to clients throughout the KYC process.
7. Reporting
Generate regular reports on KYC activities and status updates.
Provide insights and recommendations based on analysis of KYC data.
Ensure timely submission of reports to relevant stakeholders.
8. Management of Notices to Third-Party Holders and Garnishments
Oversee the process of issuing notices to third-party holders.
Manage the handling of garnishments in compliance with legal requirements.
Ensure accurate and timely communication with all parties involved.

Language Requirement:


French Speaking Mandatory: Proficiency in French is required for effective communication with clients and colleagues, especially in regions where French is the primary language.

Additional Skills and Qualities:


Attention to Detail: Precision in managing and verifying data is critical.
Analytical Skills: Ability to analyze complex data and identify risks.
Communication Skills: Clear and effective communication with clients and team members.
Problem-Solving: Ability to address and resolve issues promptly.
Regulatory Knowledge: Familiarity with relevant KYC regulations and compliance standards.

This comprehensive set of tasks and responsibilities ensures that a KYC Analyst can effectively manage client data, maintain compliance, and support the overall integrity of the financial institution's operations.
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