Job Title: KYC Remediation Specialist (Banking) - 6-Month Contract, Sharjah
Industry: Banking
Job Type: Contract (6 months, renewable to long-term)
Location: Sharjah, UAE
Notice Period: Immediate joiners
Job Purpose
We are seeking a meticulous KYC Remediation Specialist to join our banking client's team in Sharjah. You will be responsible for the accurate collection, review, and validation of customer documentation and data to remediate existing client files, ensuring full compliance with current regulatory standards and internal policies. This role acts as the first line of defense (maker) in the KYC process.
Key Responsibilities
Remediation & Data Management
- Collect, review, and validate customer identification documents, beneficial ownership structures, and due diligence information.
- Examine existing customer profiles to identify and rectify missing or outdated information.
- Accurately capture and input client data into KYC and core banking systems.
- Assess client profiles for consistency, including matching customer/supplier data, verifying business turnover, and evaluating trading activities.
Due Diligence & Screening
- Perform comprehensive name screening (customers, their customers, and suppliers).
- Validate customer data against reliable sources and document all screening results and decisions.
- Identify and escalate potential matches or red flags in line with established protocols.
- Proactively follow up with stakeholders to resolve documentation gaps or deficiencies.
Quality, Compliance & Reporting
- Ensure all client files are completed within agreed service-level timelines.
- Adhere strictly to internal procedures, regulatory requirements (AML/CFT, Sanctions, FATCA/CRS), and KYC standards.
- Support the timely remediation of issues identified during internal quality checks.
- Maintain precise audit trails and documentation in line with policy.
- Provide regular updates on case status and remediation progress.
Qualifications & Experience
- Education: Bachelor's degree in Finance, Business, Law, or a related field.
- Experience: 13 years of experience in KYC, Client Onboarding, Compliance Operations, or Sanction Screening within financial services.
- Bonus: Prior experience with regulatory remediation projects is a significant advantage.
Required Knowledge & Competencies
- Knowledge:
- Solid understanding of AML/CFT regulations, sanctions, and KYC requirements.
- Familiarity with beneficial ownership structures, corporate documents, and CDD/EDD processes.
- Awareness of FATCA/CRS reporting requirements is preferred.
- Competencies:
- Exceptional attention to detail and a commitment to data accuracy.
- Strong analytical mind with the ability to identify inconsistencies and potential risks.
- Proven ability to work under pressure, manage multiple cases, and meet tight deadlines.
- Excellent communication skills for effective liaison with internal stakeholders.
- Proficiency in MS Office and KYC/AML screening tools.
- High integrity and a strong commitment to regulatory compliance and ethical standards.
