Financial

KYC Contract

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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

Job Overview