KYC / EDD Analyst

What is a KYC/EDD Analyst?

A “KYC/EDD Analyst” is a professional responsible for conducting both Know Your Customer (KYC) and Enhanced Due Diligence (EDD) processes. This role involves verifying the identity of new and existing customers, assessing their risk profiles, and performing thorough investigations on high-risk accounts or transactions. The KYC/EDD Analyst ensures compliance with regulatory requirements by collecting and reviewing customer information, monitoring for suspicious activities, and implementing necessary measures to prevent financial crimes. This combined role is crucial for maintaining robust anti-money laundering (AML) and counter-terrorist financing (CTF) practices within the organization.

What are the responsibilities of a KYC/EDD Analyst?

• Verifying the identity of new and existing customers through the collection and analysis of documentation and information.
• Conducting risk assessments to determine the potential risk level of customers based on their profiles and transactions.
• Performing Enhanced Due Diligence (EDD) on high-risk accounts or transactions, including in-depth investigations and reviews.
• Monitoring and reviewing customer transactions to identify and report suspicious activities or discrepancies.
• Ensuring compliance with regulatory requirements and internal policies related to KYC and EDD.
• Maintaining and updating customer records to reflect accurate and current information.
• Collaborating with other departments, such as compliance and legal teams, to address and resolve compliance issues.
• Preparing detailed reports and documentation for regulatory filings and internal audits.
• Staying informed about changes in regulations and best practices related to KYC and EDD.

Are you looking to hire a KYC/EDD Analyst?

Whether it’s permanent or an interim appointment, we can help you find the perfect candidate for the position. To find out more, complete the contact form below and we’ll be in touch within the next working day to discuss your opportunity further.

Why work with Kind Consultancy?

• Kind has a large pre-existing network of Compliance, Risk and Financial Crimes experts, which allows us to present your vacancy to leading professionals in the sector.
• An active headhunting approach provides the best candidates for your organization and delivers more accurate searches.
• With a shortlist of pre-screened candidates selected by our specialist team, there is no need for you to sort through irrelevant or underqualified CVs.
• Kind Consultancy maintains a fast-growing database of Risk, Compliance and Financial Crimes professionals who will be eager to hear about your need in their niche.

If you want to hire an exceptional KYC/EDD Analyst, complete the contact form below and we will initiate a conversation about how Kind Consultancy can help find the ideal person for your organization.