KYC/AML Officer

Bolt Talent Solutions

This role monitors, controls & ensures that all clients serviced have fulfilled clients due diligence (CDD) requirements.

About the company 

Since the 1940s our client has provided specialist financial services to alternative investment funds, investors, multinationals and private clients worldwide. With over 6,000 employees in 45 countries we pioneer innovative solutions that meet our clients’ evolving needs, and deliver exceptional service. Their continuous investment in learning means our people are among the best in the industry. And our corporate social responsibility programs provide meaningful and fulfilling work in the community.
A career with them isn’t just a job – it’s an opportunity to excel in an environment that genuinely supports your personal and professional development.
The Role 
The KYC/AML Officer is part of the KYC/AML Team being the internal control department within the 1st line of defence in Mauritius. The KYC/AML Officer monitors, controls and ensures that all clients serviced by the business teams in the office have fulfilled the clients due diligence (“CDD”) requirements. These requirements comprise the applicable policies and guidelines, AML and anti-terrorist financing legislation as well as local and/international regulatory legislation and guidelines as applicable. Also, the KYC/AML Officer will play a key role in business acceptance and continuation, overall CDD monitoring, controlling and assisting the business teams on meeting their compliance obligations, both internally as externally.

Key Tasks And Responsibilities:
  • Ensuring all CDD requirements are met to onboard new clients within the client servicing teams including assessing client documentation as prepared by the business throughout the client life cycle including the required risk analysis;
  • Communicating with and advising clients, colleagues and other Citco offices worldwide on the CDD requirements
  • Assisting in scanning of the client database against various lists and in clearing of alerts resulting from the scanning;
  • Identifying customers and or potential customers that might be considered a(n) (integrity) risk for the organization;
  • Populating, updating and monitoring completeness of relevant internal systems with CDD, client and other related information and documentation;
  • Ensuring that the applicable risk level of clients as well as possible PEP status are captured in the systems;
  • Assessing various internal reports and forms (e.g. transaction profile, acceptance, (re)approval, transfer, re-activation, refusal and business termination, etc.);
  • Assisting the client servicing teams with transaction monitoring;
  • Reporting internally suspicious and/or unusual transactions in line with applicable reporting policies and procedures to the MLRO;
  • Performing obligatory periodic or event driven reviews of CDD files to ensure local and Citco standards are complied with, including reviewing and updating the risk analysis reports, if applicable;
  • Manage escalations and incidents quickly and efficiently, ensuring legal, regulatory and internal rules are upheld at all times;
  • Assisting with upholding internal KYC/AML policies and procedures; and
  • Maintaining an overview of completeness of CDD files and monitoring the actions taken to complete CDD files.
Qualifications and Experience: the following will be highly regarded:
  • Minimum level - Bachelor degree or country equivalent in a related discipline - preferably University degree, civil law and or corporate law;
  • Minimum 2-4 years experience in the financial service industry, or similar business, in a KYC/AML related environment;
  • Understanding of AML framework;
  • Knowledge of recent legislative developments (e.g. AMLD legislation, CRS etc.);
  • Good knowledge of Microsoft office applications;
  • Strong research and analytical skills;
  • Excellent (interpersonal) communication skills, both verbal and written (in English);
  • Must have good planning and time management/prioritization skills; and
  • Ability to work in a team and autonomously as well as liaising with other departments within a large organization.

Key And Core Competencies
  • Business & Commercial Acumen;
  • Decision Making;
  • Strong analytical, research and reporting skills;
  • Excellent communication skills (written & oral);
  • Independent and team worker;
  • Pro-active and result driven;
  • Developing Working Relationships; and
  • Drive for Results.