Khushhali Microfinance Bank Limited Jobs KYC & CDD Officer

July 4, 2024 admin

Khushhali Microfinance Bank Limited Jobs KYC & CDD Officer:

Organization: Khushhali Microfinance Bank Limited

Khushhali Microfinance Bank Limited is looking for KYC & CDD Officer. Apply

Please note that it is an on-site full-time position based at our Corporate Office, Gulberg Greens, Islamabad.

Job Requirements:

Bachelor’s degree in Business Administration/Finance/Economics/Commerce from an HEC recognized/overseas institution.
Minimum 1 year of experience in a financial environment.
Exposure to Banking Operations, experience and knowledge of AML/CFT regulations, AML/CFT Act and best practices will be an added advantage.
Good knowledge of all the aspects of customer due diligence and anti-money laundering from the basic to the advanced level.
Have a strong understanding of the different types of customers, identify early warning signals, gain information about money laundering and its stages, recognize Prudential Regulations, categories suspicious activities and finally understand transaction monitoring.
Should possess excellent writing and communication skills.

Job Responsibilities:

KYC / CDD Reviews and updation of Customer’s record / profile
· Assist supervisor to conduct periodic desktop review of KYC Information of customer through reports developed in Business Insight and ensure timely rectification of highlighted discrepancies along-with record keeping.
· Identify individual accounts suspected to be used for business purpose and ensure timely rectification and reporting.
· Identify and analyze the customer’s account (opened without biometric verification and closed immediately) as per Bank’s procedure and SBP instruction.
· Conduct CDD periodic reviews based on the actual turnovers in customer accounts and ensuring required rectification through branch and COU.
· Maintain the database of accounts received for trigger event reviews, escalate to branch and ensure timely updation.
Review of High and Medium Risk Accounts and Record Keeping
· Assist supervisor to review Medium and high risk accounts (prior opening) to ensure proper KYC / CDD / EDD of potential customer, KYC/CDD profiles are adequately documented, and underlying supporting documents are duly verified.
· Maintain the proper record of customer’s account received for review and opinion.
KYC / CDD Databases
· Develop and maintain a database of FATCA and CRS reportable accounts for review and periodic reporting.
· Record maintenance regarding Reportable, Recalcitrant, and Deferral Accounts under FATCA and CRS.
Maintain proper record keeping of biometrically unverified customer for management and regulatory reporting.
Additional Tasks
Assisting in any relevant tasks/Assignment by line manager