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 transparent conclusions and risk acceptance re Apply on Kit Job: kitjob.in/job/4mjt6g