KYC - Analyst

Description

The health and safety of our employees and candidates are very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group.  As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey.  If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

Department Overview:

KYC Ops - the objective is to provide Global Banking & Markets and top tier CMB clients with a globally consistent, and best in class KYC process, in over 80 countries. It ensures that KYC profiles are prepared in accordance with Group and Regulatory Policy, obtaining documents as required from the client/ relationship manager, undertaking all the necessary due diligence checks and ensuring appropriate escalation is followed according to Policy.

The KYCS Service function has onshore hubs in New York, London, Dubai, Paris and Hong Kong and supporting GSC centres in India, Philippines, China, Poland and Mexico. KYC Operations is responsible for providing centralized KYC production, validation of clients in support of both client on-boarding and periodic maintenance of client information. It has been tasked with creating a KYC utility service to provide a consistent approach for KYC across the 87 countries of the Group for Global Banking and Markets clients, CMB and RBWM as part of the overall Global Standards Project. The organization is expected to go through a transformation in the next 5 years where new policies, processes and technologies will be implemented.

Responsibilities:

• Production of KYC profile to the highest quality standard & in line with the latest policies and procedures. Individuals are required to keep themselves updated on the latest procedural/ policy changes across all streams.
• Obtain & update all missing client documentation from the client (with the help of the RMs / CLG) Sourcing & updating accurate and relevant client data from the internet & or other bespoke information providers.
• Following up on client profiles (In line with the latest escalation matrix) & making sure that all levels of signoff are in line with the latest Id matrix
• Take complete ownership of any profiles/tasks that have been assigned until the stage of completion. This could be a new request or a request or work item that has been reassigned. Communicate clearly in writing with team members, Compliance, RM/GBM as required (Customer)
• Ensure one meets the set productivity target and Quality target month on month
• Profiles to be sent for audit (after receiving all information) within standard timelines that have been defined Interfacing with Client Liaison Group, Compliance, Front Office and Relationship Managers where applicable, especially on matters that involve escalation of pending and ageing profiles
• Excellent understanding of GBM KYC, financial regulatory environment and AML risk implications
• Thorough understanding of legal structures of various client types: financial institutions, corporate, quoted companies, private companies, funds, SPV etc.
• Proven skill sets in analyzing implications of mergers and acquisitions on legal identities & ownership structures of Corporate, FIs & Funds
• Sound knowledge of financial regulatory requirements
• Ability to interpret complex changes in regulatory guidelines and assess the impact
• Team player and ability to manage people and performance
• Ability to work well under pressure with a high degree of accuracy 
• Good understanding of MS office and proven skills on banking platforms 

Qualifications

• Minimum Qualification: Graduation in Commerce/Finance or equivalent would be essential
• Flexibility to work in different shift timings
• Good understanding of MS office and proven skills on banking platforms
• Excellent communication skills