The KYC and KYB Specialist will be conducting customer due diligence and risk assessment of all types of merchants and third parties associated with the company. He/she will play an essential role in ensuring the good reputation of Veritas Pay and must have the analytical power to help other related departments decide with whom Veritas Pay should or should not do business.
DUTIES AND RESPONSIBILITIES You are the first line of defense/gatekeeper of Veritas Pay against money laundering and terrorist financing.Must be able to perform Customer Due Diligence.Must conduct Enhanced Due Diligence and underwriting.Must be able to re-underwrite each merchant.Identify the types of business relations and activities that a merchant is likely to engage with.Must be familiar with the AMLC, SEC, Card Association, FATF, and other related regulatory standards.Perform risk assessment of merchants.Conduct credit checking and risk assessment of merchants.Determine whether the relations and activities could be suspicious and expose Veritas Pay to potential financial loss or reputational risk.Monitor transactions if they exceed the projected ticket size/volume of sales (in case there are changes with the product they offer/business nature that might require EDD or underwriting), TID/MID provided by the bank.Communicate with the acquiring bank for risk assessment, MATCH checking, and other updates on the requirements or KYC/KYB standards.Facilitate the onboarding process for new merchants, ensuring all necessary checks are completed before account activation.Ensure a smooth and efficient onboarding experience for customers while maintaining compliance standards.Carry out additional responsibilities as needed based on business needs.We are looking for you if: You have at least 3 years of work experience related to KYC, KYB, or AML Customer Due Diligence.Fast learner, can work under pressure and with minimal supervision.A graduate of any Bachelor of Science Degree or any other related Business-Related Course.You have expert skills in conducting effective due diligence and risk assessment investigations, including data analysis, research, and documentation.You have a developed understanding of the local and international financial systems and banking, as well as the regulatory environment and the impacts of non-compliance.You focus on delivery with strong attention to detail and timeliness.You are fluent/advanced in English, with strong reading and writing skills.Experience/knowledge in corporate compliance, business underwriting, financial analysis, sales and account management, payment industry, possible fraud detection, portfolio management, risk management, customer support, and vendor interaction.
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