Aml/kyc Analyst – Us Correspondent Banking Compliance Palakkad

Job Summary

The AML/KYC Analyst is responsible for executing end‑to‑end AML and KYC controls for foreign correspondent bank relationships within a U.S. intermediary bank. The role includes performing Customer Identification Program (CIP) procedures, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Adverse Media Screening, and Transaction Monitoring Investigations to identify, assess, and mitigate money laundering, terrorist financing, sanctions, and other financial crime risks. The analyst applies a risk‑based approach in compliance with U.S. regulatory requirements and MBNY internal policies.

Key Responsibilities

KYC & Customer Identification (CIP)

Perform CIP verification for foreign correspondent banks in accordance with the USA PATRIOT Act and internal onboarding standards

Validate:

Legal existence, licensing, and regulatory status

Physical presence and shell bank prohibitions

Authorized signatories and key management

Ensure accurate documentation and data integrity across KYC system

Customer Due Diligence (CDD)

Conduct initial and periodic CDD reviews for foreign correspondent banking relationships

Analyze:

Ownership and control structure

Board and senior management

Nature of business, products, services, and customer base

Geographic exposure and high‑risk jurisdictions

Complete customer risk assessments, clearly documenting risk drivers and mitigating controls

Enhanced Due Diligence (EDD) – Correspondent Banking

Perform EDD reviews for high‑risk correspondent banks in compliance with PATRIOT Act Section 312

Assess the respondent bank’s:

AML, sanctions, and transaction monitoring framework

Regulatory history, enforcement actions, and audit findings

Use of payable‑through accounts (PTAs)

Nested or downstream correspondent relationships

Review and analyze Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ) responses

Develop detailed EDD narratives with explicit conclusions and risk acceptance re Apply on Kit Job: kitjob.in/job/4mgk3r