Our client, a leading oil trading firm with an expanding international footprint, is seeking a KYC Analyst to join its compliance and operations team in Dubai. The successful candidate will play a key role in onboarding new counterparties, maintaining up-to-date due diligence records, and ensuring full compliance with international and local regulatory standards.
Key Responsibilities:
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Conduct end-to-end KYC due diligence on new and existing counterparties (traders, suppliers, brokers, and financial institutions).
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Perform periodic reviews and updates of client files to ensure continued regulatory compliance.
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Assess ownership structures, beneficial ownership, and control hierarchies of counterparties.
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Review and analyse key documentation such as corporate certificates, financials, and identification materials.
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Screen counterparties against sanctions, PEP, and adverse media databases, escalating hits as appropriate.
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Support the onboarding process by liaising with commercial, legal, and credit teams to ensure smooth counterparty approval.
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Maintain accurate records and audit trails within the company’s KYC database and document management systems.
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Assist in the implementation of AML and compliance policies, procedures, and training initiatives.
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Stay informed of evolving regulatory frameworks (FATF, OFAC, UN, EU, DFSA, etc.) relevant to commodity trading and financial transactions.