Job Description

The Investor Services group (AML/KYC team) within Client Fund Services prides itself on providing best in class service to both the Hedge Funds and their investors. We leverage the firm’s proprietary web-based applications and work closely with hedge fund clients, investors, and other teams within the division.

We are currently seeking a candidate to be a part of the Mumbai AML team. This team is directly responsible for providing AML/KYC services which involves reviewing of KYC documents, identification of red flags, verifying the source of wealth and source of funds of investors, performing sanctions/negative media screenings, and conducting appropriate due diligence based on the risk score of investors. The role entails a wide range of responsibilities related to investor relations, transactions, compliance, risk mitigation, reporting and communications. It requires attention to detail, strong analytical skills, and the ability to work in a fast-paced, deadline-driven environment.

We are currently seeking a candidate to be a part of the Mumbai AML/KYC team. The position is based in Mumbai. These are client facing positions. The successful applicant will perform in AML/KYC roles to fit business needs.

Here is a breakdown of key tasks and responsibilities associated with this role:

1. AML/KYC:

• Act as a liaison between the client facing team, investors, and clients, handling queries and providing top-tier client services pertaining to AML.
• Serve as a primary point of contact for investors and certain clients (institutional, high-net-worth individuals, etc.).
• Address investor inquiries regarding KYC documentary requirements, investor compliance status, transactions reviews.
• Coordinate regular updates, attend calls, and prepare reports for clients/investors.
• Manage the process of new investor account setup, including KYC (Know Your Customer), AML (Anti-Money Laundering) procedures, and ensuring compliance with relevant regulations.
• Ensure investor accounts are in compliance with anti-money laundering requirements and regulations, and company AML policies and procedures.
• Arrange for the acquisition of due diligence requirements and compliance documentation (AML/KYC) as per the client risk level (low, medium, and high)
• Perform periodic due diligence reviews on investors as required by policy and regulatory regime.
• Produce MIS and other internal operational reports that assist in the effective operation of the team.
• Drafting and updating procedures and desktop guidance related to the investor onboarding process.
• Leading key projects and initiatives related to assessing and mitigating the Firm’s exposure to money laundering and reputational risk-relevant activities.
• Partnering with the Second Line of Defense Compliance teams to monitor client relationships on an ongoing basis.
• The receipt and review of KYC/AML documentation along with subscription documents. This includes:
  • Completion of initial AML review.
  • Ensure screening s are completed on all the parties of investor.
  • Identifying high risk attributes / Red flags
  • Validation of Source of Funds / Source of Wealth
• Identify any unusual or potentially suspicious transaction activity. Must report and /or escalate such transaction in accordance with corporate policy and guidelines detailed in procedures.
• Identify opportunities for operational efficiencies and help implement process improvements or automation where applicable.
• Proactively spot gaps, identify areas of risk, errors in process and be able to suggests clear, logical, and practical solutions based upon their analysis.
• Support annual internal and/or external audits by providing necessary documentation, records, and assisting in any required investigations.
• Use the utmost discretion in dealing with sensitive/confidential information.

2. Performance Reporting and Data Analysis:

• Ensure accurate and timely entry of investor static data into the system, including maintaining the investor database and tracking changes to investor profile.
• Client MLRO & Board Reporting: Assist with preparation and distribution of weekly, monthly, and quarterly investor AML status, risk attributes, level of due diligence etc., ensuring all required data is accurate.
• Prepare, supervise and/or deliver regular reports, including database reports, risk metrics reports, key performance indicators (KPIs) and Service Level Agreement (SLA) reports.
• Analyze internal reports and data to ensure accuracy and provide meaningful insights to investors.

3. Compliance and Documentation:

• A detailed knowledge of the offering documentation for the funds being serviced.
• A strong knowledge of the regulations that pertain to the domicile of the fund being serviced.
• Complete understanding of our internal policies and procedures. Emphasis is required on all matters relating to Anti-Money laundering controls and regulations.
• Ensure that all investor related activities, transactions, documents, and communications comply with applicable regulations, internal policies, and best practices.
• Maintain investor records and ensure data integrity in internal systems.

4. Skillset

• Exceptional analytical and problem-solving skills with the ability to understand complex client exceptions, offerings, transactions.
• Capability to identify red flags, complex investor types, ownership structures.
• Complying and abiding with client’s bespoke requirements simultaneously being conscious of possible operational risks and keeping global risk team apprised
• All the above should be carried out in compliance with the Service Level Agreements agreed with each client.
• Be aware of market intel updates. Know your clients, monitor market trends, and ensure that the team is aware of any relevant updates that impact the regulatory requirements pertaining to AML compliance.
• Prior experience in hedge fund operations, AML/KYC, or a similar financial services role is preferred.
• Well verse with KYC documentary requirements as per Simplified Due Diligence (SDD), Client Due Diligence (CDD), and Enhanced Due Diligence (EDD) standards.
• Knowledge of financial regulations (e.g., AML/KYC) is preferred.
• Strong verbal and written communication skills with the ability to interact professionally with investors, clients, counterparts, internal teams, and other stakeholders across locations.
• Excellent attention to detail with the ability to manage multiple tasks and priorities.
• Strong focus on accuracy especially, while handling investor transactions, communications, reports, and sensitive data.
• Exceptional analytical and problem-solving skills with the ability to understand complex client exceptions, offerings, transactions.
• Ability to take ownership of assigned task and drive it independently.
• Highly organized, efficient, and proactive.
• Ability to work independently as well as part of a team, also as part of a virtual team that is spread across different time zones and geographies.
• Adaptable to a dynamic and fast-paced work environment.
• Strong time management and multitasking abilities.

5. Qualifications, Technical Skills & Experience:

• Master’s Degree / Law / MBA in Finance, Accounting, Economics, or a related field. Preferably in a business or numerical discipline.
• Certification in a professional association such as the Association of Certified Anti- Money Laundering Specialists (ACAMS) would be helpful.
• 2-4+ years of AML/KYC experience within a regulated financial services firm / Fund administration
• A strong knowledge of global AML regulations (as it pertains to funds would be advantageous).
• Good administrative and organizational skills with a particular focus on accuracy and attention to detail.
• Good team player and ability to work independently with little supervision but also knows when to seek help and escalate issues where necessary.
• Excellent communication and interpersonal skills with ability to build strong client and investor relationships.
• Proficiency in Microsoft Excel, Word, and other data management tools; experience with financial software is a plus.
• An ability to work under pressure and an ability to cope with increased workloads at month-end.

6. Work Environment:

• The role is typically office-based, with potential for flexible work arrangements depending on the company’s policy.

Applicable for all roles: -

Compliance, and Technology to ensure consistent quality delivery

• Lead ongoing change initiatives and build/maintain a strong understanding of the relevant MS policies and regulatory environment

What We’re Looking For

• Experience of delivering high standards of client engagement
• College/University degree or equivalent with a business focus and relevant/proven experience
• Strong knowledge of AML/KYC requirements
• AML, client onboarding, or client reference data experience desirable
• AML/KYC certification a plus, for e.g., ACAMS, ICA…
• Outstanding client management, partnership building, leadership and direct experience of dealing with multiple stakeholders at one time

Skills That Will Help You In The Role

• Ability to work as part of a team in a fast paced environment and adapt to the needs of the team as they arise
• Exceptional problem solving skills, ability to independently assess and identify plans for resolution
• Exceptional organizational skills, ability to multi-task and prioritize time accordingly
• Strong interpersonal and communication skills
• Strong ability to manage large data sets in order to analyze project trackers and metrics
• Expertise in data visualization and reporting in a cross-functional team and to senior stakeholders using business intelligence tools (PowerBI, Dynamics etc.) preferred

 

 

 

If you are a highly motivated individual with a passion for hedge fund operations and AML/KYC sector, we encourage you to apply for this exciting opportunity within our AML/KYC fund services team.

 

Years of exp – 2-5 years of core AML/KYC experience. Client facing experience would be a plus.

Contract duration -  1 year

Shift timing – Asia 6:30 AM/EMEA 12 PM

Location – CMZ III

WFO/Hybrid – WFO

9.Must have skillset –

• KYC Document Review

• Understanding of ID&V, corporate documents, UBO identification
• Comfort with reading complex structures (funds, trusts, SPVs, partnerships)

• AML Red Flags & Risk Assessment

• Ability to identify:

• Sanctions risks
• PEP exposure
• Adverse media indicators

• Periodic Reviews / Refresh

• Knowledge of refresh cycles (1yr/3yr/5yr) based on risk ratings
• Ability to update files, request missing documents, and document rationale.

• Stakeholder Communication

• Interacting with Front Office, Compliance, Clients
• Chasing documents professionally, resolving queries