KYC/Onboarding Officer

Location Dubai
Discipline: Governance, Risk, & Compliance
Job type: Permanent
Contact name: Melissa Campbell

Contact email:
Job ref: 1571
Published: 11 months ago

Venture Search has partnered with an investment management firm in the DIFC to recruit an Onboarding Associate to join their company.


The suitable candidate MUST be Russian speaking


The primary responsibility of the KYC Associate is to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations by verifying the identity of customers and assessing the risks associated with their accounts.

Here's a typical job description for a KYC Associate:


Job Summary:

The KYC Associate is responsible for performing due diligence on new and existing customers to comply with AML and CTF regulations. They will review and validate customer information, documentation, and transactional activity to identify potential risks and ensure compliance with internal policies and regulatory guidelines.

Key Responsibilities:

  1. Customer Due Diligence (CDD):
  • Conduct thorough background checks on new and existing customers to verify their identities and assess potential risks.
  • Review and analyze customer-provided documentation, such as identification, proof of address, and business registration certificates.
  • Ensure compliance with internal policies and regulatory requirements when onboarding new customers.
  1. Risk Assessment:
  • Analyze customer profiles and transactional behavior to identify suspicious activities or patterns.
  • Assess and rate the risk associated with individual customer accounts based on established risk guidelines.
  1. Compliance Monitoring:
  • Monitor customer accounts regularly for any unusual or suspicious activity.
  • Report suspicious transactions to the appropriate authorities as per the organization's policies.
  1. Record Keeping:
  • Maintain accurate and up-to-date records of all customer due diligence activities and interactions.
  • Prepare and organize documentation for audits and regulatory examinations.
  1. Collaboration:
  • Work closely with other teams, such as Compliance, Legal, and Operations, to ensure a comprehensive understanding of regulatory requirements and internal processes.
  1. Continuous Improvement:
  • Stay updated with changes in regulations and industry best practices related to KYC and AML procedures.
  • Propose improvements to existing processes to enhance efficiency and effectiveness.

Qualifications and Skills:

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
  • Knowledge of AML and CTF regulations and their application in the financial industry.
  • Strong analytical skills with attention to detail and ability to spot inconsistencies or red flags.
  • Excellent communication skills, both written and verbal.
  • Proficient in using relevant software and tools for customer due diligence and risk assessment.
  • Ability to work independently and collaboratively in a team-oriented environment.
  • Strong ethical standards and commitment to maintaining confidentiality.
  • Relevant certifications (e.g., CAMS - Certified Anti-Money Laundering Specialist) may be preferred.