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AML KYC Analyst

Overview, Education, Careers Types, Skills, Career Path, Resources

AML/KYC Analysts ensure financial compliance by monitoring transactions, verifying customer identities, and preventing money laundering. They play a crucial role in maintaining the integrity of financial systems.

Average Salary

₹4,50,000

Growth

medium

Satisfaction

medium

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Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

    -
    AML Regulations Expertise
    -
    KYC/CDD Proficiency
    -
    Transaction Monitoring
    -
    Risk Assessment & Management
    -
    Data Analysis & Reporting
    -
    Communication & Interpersonal Skills
    -
    Investigative Skills
    -
    Regulatory Reporting
    -
    Sanctions Screening
    -
    Technology Proficiency
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

    -
    Analytical Thinking
    -
    Attention to Detail
    -
    Communication Skills
    -
    Problem-Solving Skills
    -
    Adaptability
    -
    Time Management
    -
    Ethical Judgment
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

    -
    Data Analysis
    -
    Regulatory Knowledge
    -
    Transaction Monitoring
    -
    Risk Assessment
    -
    Communication Skills
    -
    Investigation Skills
    -
    Technology Proficiency
    -
    Critical Thinking
    -
    Customer Due Diligence (CDD)
    -
    Reporting and Documentation
Duties and Responsiblities

Task

95%

Conduct thorough KYC/CDD checks on new and existing customers to ensure compliance with AML regulations.

92%

Analyze customer data and transaction patterns to identify potentially suspicious activities.

90%

Investigate and resolve AML alerts, escalating complex cases to senior analysts or compliance officers.

88%

Maintain accurate and up-to-date customer records, documenting all KYC and AML-related activities.

85%

Stay informed about changes in AML regulations and industry best practices, implementing necessary updates to KYC procedures.

82%

Prepare and submit Suspicious Activity Reports (SARs) to regulatory authorities as required.

80%

Assist in the development and implementation of AML training programs for staff.

78%

Perform ongoing monitoring of customer transactions to detect unusual or high-risk activity.

75%

Collaborate with other departments, such as compliance and legal, to address AML-related issues.

72%

Participate in internal and external audits, providing documentation and explanations as needed.

70%

Review and validate customer identification documents to ensure authenticity and compliance.

68%

Contribute to the improvement of AML/KYC processes and procedures based on identified gaps and inefficiencies.

Work Activities

95%

Conducting thorough Know Your Customer (KYC) analysis to verify customer identities and assess risk.

92%

Monitoring customer transactions for suspicious activity and reporting any red flags.

90%

Ensuring compliance with Anti-Money Laundering (AML) regulations and internal policies.

88%

Performing risk assessments to identify and mitigate potential money laundering risks.

85%

Performing enhanced due diligence (EDD) on high-risk customers.

82%

Preparing and submitting Suspicious Activity Reports (SARs) to regulatory agencies.

80%

Managing and documenting AML/KYC cases from initial detection to resolution.

78%

Analyzing customer data to identify patterns and trends indicative of money laundering.

75%

Staying updated on changes to AML/KYC regulations and updating internal policies accordingly.

72%

Participating in AML/KYC training programs to enhance knowledge and skills.

70%

Assisting with the maintenance and improvement of AML/KYC systems and tools.

Detailed Work Profile

Interests