As a KYC Onboarding Specialist, you will play a critical role in ensuring the company's compliance with regulatory requirements by managing the Know Your Customer (KYC) process for new and existing clients within wealth management. You will be responsible for conducting client due diligence, onboarding new clients, reviewing documentation, and assessing the risk associated with each account. Your goal is to ensure the firm's adherence to anti-money laundering (AML) and regulatory standards while maintaining a seamless client onboarding experience.
This role requires fluency in Spanish.
Key Responsibilities:
Manage the end-to-end KYC onboarding process for new clients, ensuring all required documentation is collected and verified.
Perform KYC checks, client identification, and verification in accordance with local and international AML regulations.
Assess and classify client risk profiles based on various risk factors and escalate high-risk accounts for enhanced due diligence (EDD) when necessary.
Stay up to date with relevant laws, regulations, and industry best practices, ensuring all KYC processes are compliant with the latest AML and regulatory standards.
Review and analyze documentation such as identification papers, financial records, and legal agreements to ensure the accuracy and completeness of client information.
Maintain accurate records of KYC processes, ensuring all client data is recorded and updated in the firm's systems.
Work closely with internal teams including Compliance, Risk, Legal, and Operations to address any onboarding issues or discrepancies.
Liaise with clients to obtain missing documentation and ensure a smooth onboarding process.
Conduct periodic reviews and monitor existing client accounts to ensure ongoing compliance with KYC and AML requirements.
Qualifications:
Bachelor's degree in Finance, Business Administration, or a related field.
3+ years of experience in KYC/AML within a wealth management or brokerage environment.
Spanish fluency required
Strong understanding of global KYC/AML regulations and regulatory frameworks.
Experience with client onboarding in a financial services setting.
Excellent attention to detail and organizational skills.
Strong analytical and risk assessment abilities.
Ability to work in a fast-paced environment and manage multiple tasks.
Proficiency in relevant compliance and KYC software systems