Analyst- KYC-Chennai
At a glance
Mid-level Risk & Financial Compliance role at Sumitomo Mitsui Banking Corporation. India.
Pay not stated Risk & Financial Compliance salary
financeroles summary, based on the employer's posting.
What you'll do
- Check new-customer records, request KYC materials, review what comes back and update the workflow system
- Refresh KYC files through scheduled and ad hoc reviews, contacting customers when documents are needed
- Investigate higher-risk and politically exposed customer records, then coordinate approvals and document handoffs with Compliance and Operations
- Process loan and deposit instructions, and coordinate interest remittances, invoices, returns and balance confirmations
- Prepare interest-reset instructions and arrange document signing and submission with clients and internal teams
What you bring
- You have one to four years of experience and a graduate qualification
- You understand KYC procedures and the rules that govern them
- You know how to handle KYC work and process transactions
Who this fits
This mid-level role suits someone who can combine customer due diligence with transaction processing and coordination across internal teams. The position is based in Chennai.
From the employer
Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network. We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.
With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.
- Performing due diligence on new customer, screening, requesting the KYC information from the customer, review the documents received and updating all the relevant information into the KYC workflow system.
- Undertaking review of KYC documents for their Periodic review, Re-KYC and liaising with the customer to obtain requisite documents.
- Performing Customer Update, ad-hoc review of the customer’s record as and when required
- Perform further due diligence on customers identified to be High Risk, PEP etc.
- Work closely with internal teams including Compliance, Operations for approval of the KYC records, submission of the documents, sharing account related information with the customer etc.
- Processing customer transactions for Loans, Deposits including preparation of the instruction sheet
- Liaising with customer and internal teams for Inward/Outward interest remittance, GST invoice, ECB Returns, Balance Confirmation, Interest Servicing (ECB & INR) and communicating it to the customer
- Initiating quarterly reset of Interest by raising Instruction sheet
- Liaising with Internal teams and clients for execution of documents and further submission
- Any other department specific work that is assigned
Qualification & experience required
- Knowledge – KYC & Transaction processing
- Skills – Knowledge of KYC process and regulations
- Experience – 1-4 Years
- Qualifications - Graduate
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