KYC Contract

Job Title: KYC Analyst / KYC Officer

Location: UAE
Client: Invest Bank
Experience: 4–8 years (Minimum 2–3 years in a UAE bank mandatory)

Role Purpose

To perform end-to-end KYC due diligence, onboarding, and periodic reviews for retail and corporate clients in compliance with UAE Central Bank regulations, internal policies, and AML/CFT frameworks.

Key Responsibilities

Customer Onboarding & Due Diligence

• Conduct KYC reviews for Individual and Corporate clients in line with regulatory requirements
• Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for high-risk customers
• Validate customer identity, ownership structures, and source of funds/wealth

Documentation & Verification

• Review and validate KYC documents such as:
  • Trade licenses
  • MOA/AOA
  • Passport copies / Emirates ID
  • UBO declarations
• Ensure completeness and accuracy of customer records

Risk Assessment

• Assign and review customer risk ratings based on internal risk models
• Identify high-risk customers (PEPs, Sanctions, High-Risk Jurisdictions)
• Escalate suspicious profiles or discrepancies

Screening & Compliance

• Perform Sanctions, PEP, and Adverse Media screening using tools like:
  • World-Check / Dow Jones / Firco / Accuity
• Ensure compliance with:
  • UAE Central Bank AML regulations
  • FATF guidelines
  • Internal compliance policies

Periodic Review & Remediation

• Conduct Periodic KYC reviews (Low, Medium, High risk clients)
• Handle KYC remediation projects and data clean-ups
• Update customer profiles and documentation in core banking systems

Stakeholder Management

• Coordinate with:
  • Relationship Managers (RMs)
  • Compliance and AML teams
  • Operations and onboarding teams
• Support audit queries and regulatory inspections

Mandatory Requirements

• 4–8 years of experience in KYC / AML / Compliance
• Minimum 2–3 years in a UAE-based bank
• Strong understanding of:
  • UAE Central Bank KYC/AML regulations
  • Corporate structures (including offshore entities, trusts, UBOs)
• Experience in CDD, EDD, and periodic reviews

Preferred Qualifications

• Bachelor’s degree in Finance, Banking, Business, or related field
• Certifications (preferred):
  • CAMS (Certified Anti-Money Laundering Specialist)
  • ICA Certification in AML/KYC

Technical Skills

• Familiarity with screening tools (World-Check, Firco, etc.)
• Experience with core banking/KYC systems
• Strong MS Excel and documentation skills

Soft Skills

• Strong analytical and risk assessment skills
• High attention to detail
• Ability to work under tight deadlines
• Strong communication and stakeholder management