KYC Quality Check Analyst

Job Title: KYC Quality Control Medior Analyst

Department: MO - KYC

Reports to: KYC Manager

Location: Amsterdam

Role Overview:

The KYC (Know Your Customers) Quality Control Medior Analyst will be responsible for overseeing and ensuring the quality and accuracy of client due diligence processes within organization. This individual will work closely with compliance, risk and operations teams to ensure that KYC procedures are properly executed, meeting regulatory requirements and internal policies. The role demands keen attention to detail, a deep understanding of regulatory guidelines and strong focus on maintaining high standards of quality control.

Key Responsibilities:

1. Quality Control & Monitoring:

• Review KYC risk assessments submitted by the Analysts to ensure completeness, accuracy and compliance with applicable regulatory standards set by the company's policies.
• Perform periodic audits of KYC files, identifying discrepancies, gaps and risks.
• Perform random sampling and systematic reviews of KYC records to assess the overall quality and effectiveness of due diligence processes.

1. Process Improvement:

• Identify areas for improvement in the KYC process and collaborate with relevant departments to enhance efficiency, reduce errors and streamline workflows.
• Recommend and implement updates to KYC procedures based on emerging regulatory changes or industry best practices.

1. Training & Guidance:

• Provide guidance and trainings to junior analysts and other team members on KYC and AML compliance standards.
• Offer support in troubleshooting complex KYC cases and resolve any quality-related issues or challenges.

1. Regulatory Compliance:

• Ensure that all KYC activities adhere to local and international regulatory requirements.
• Stays updated on changing regulations, best practices and industry standards related to KYC, AML and financial crime prevention.

1. Reporting & Documentation:

• Prepare detailed reports on quality control findings and present them to management, highlighting areas of concern, trends and improvement needed.
• Maintain accurate records of audits, reviews and compliance checks for internal and external inspections.

1. Risk Management:

• Assess and mitigate risks associated with improper or inadequate KYC procedures, escalating issues as necessary.
• Support risk assessments by identifying potential red flags and ensuring appropriate action is taken.

Skills and Qualifications:

• Education: Bachelor's or master's degree in finance, Law, Business, Criminology or a related field. Additional certifications in AML/KYC (e.g., ACAMS) are a plus.
• Experience: Minimum 5-7 years of experience in KYC, AML or other related function, with at least 2 years in medior quality control or audit role.
• Knowledge: In-depth understanding of KYC/AML regulations and industry practice. Familiarity with KYC systems and customer screening tools, understanding of TM (Transaction Monitoring) processes and Sanctions is a plus.
• Strong knowledge of global financial regulations (FATCA, FATF recommendations)
• Skills: Excellent analytical and problem-solving skills, with a strong attention to details.
• Ability to communicate complex compliance issues clearly and effectively.
• Strong organizational skills and the ability to manage multiple tasks with competing deadlines.
• Proficient in Excel and experience with KYC/AML software is a must.