KYC Analyst

Permanent contract|Tokyo|Banking operations processing

KYC Analyst

Tokyo, Japan Permanent contract Banking operations processing

Responsibilities

PRIMARY OBJECTIVES:

GBSU/CLD/KYC carries out on a worldwide basis two main missions within Société Générale Corporate & Investment Banking:

  • Perform verification and controls pertaining to the identity and reputation of clients (customer due diligence) so as to ensure compliance of the Bank with regulatory obligations of vigilance; and validate the acceptability of the client relationship per internal compliance standards and procedures.
  • Ensure the relevance, quality and accuracy of main client description and categorization attributes in SGCIB and SG Group client data bases

MAJOR ACCOUNTABILITIES/PRINCIPAL RESPONSIBILITIES:

Customer Due Diligence

  • Identify the customer/s and other relevant third parties for a proposed relationship; establish the nature of the customer’s business, risk profile, understand the context of the proposed  transaction and services
  • Determine appropriate methodology and due diligence approach and information required to verify the identity of the customer and relevant third parties based on global policy and local regulatory requirements.
  • Assess the relevance and completeness of information supplied by the Front Office upon the take on of new customers and provide guidance to Business Lines on KYC requirements
  • Carry out due diligence checks and information searches per standards of client take on and categorization rules, and undertake additional reputation checks when necessary by screening various public sources
  • Analyze and form an opinion on a) the acceptability of the customer/counterparty, b) completeness of the KYC file and c) compliance with internal policy and external regulatory requirements.
  • Validate the customer/counterparty on the client referential system in accordance with the KYC assessment, indicating appropriate roles and restrictions, as necessary
  • Present the file and KYC analysis to Compliance for review/approval when required or necessary, highlighting material risks or concerns as well as any exceptions or missing information based on internal policy or external regulatory requirements.
  • For existing clients, conduct reviews based on designated portfolios in cooperation with Business Lines,  the worldwide KYC network and other relevant support functions
  • For ongoing reviews or local validations, verify the relevance of client information and data and when required, review the analysis of the risks related to the business activity and products traded with the client and the related classifications and roles in the client referential system.
  • Other tasks or projects assigned from time to time.

Client Data Management

  • Complete and validate the KYC file in the information systems while ensuring the proper readability of information as well as the quality and coherence of data attributes
  • Maintain and update client data (e.g. change of name, change of address, merger with other entity, change of ownership) in the client referential database during the review process or when Client or Front Office provides KYC such information and documents
  • Ensure customer roles, information, restriction and other specific notations are documented in the client referential and customer database.

Profile required

KEY SKILL AREAS & KNOWLEDGE REQUIRED:

  • Familiarity with APTCP (Act on Prevention of Transfer of Criminal Proceeds), Japanese AML/KYC regulatory and compliance issues particularly in the banking and investments sectors, to ensure our KYC standard is compliant with local regulatory requirements
  • Ability to examine in detail and understand the structure of a financial transaction, understanding of key issues in relation to AML risk, ability to identify relevant sources of information
  • Sensitivity to the demands and constraints of a capital market environment and financing activities
  • Ability to work independently and proactively manage relationships with the local BLs, CPLE with minimum supervision.
  • Ability to assess appropriate practical guidance and solutions to onboarding issues without compromising internal controls, policy requirements or external regulatory requirements.
  • Capable of delivering various briefings and trainings to the BLs re: KYC policy/regulations and client onboarding process.
  • Continue the shift to client driven organization and development of a quality control mindset in a consistent manner.
  • Use strong communication skills (verbal and written) to on-board new clients to the firm and ensure KYC files are consistently completed in line with policy and procedures.  Manage communication & updates between all key stakeholders.

Personal skills

  • Analytical skills, precision, curiosity, tenacity and autonomy are key qualities in a KYC Analyst job
  • Fluent in written and spoken English and Japanese languages
  • Native Japanese, business level English required
  • Good interpersonal and communication skills, reactivity, sense of service, anticipation and flexibility are essential requirements in this service function
  • The position requires effectiveness, team spirit and an ability to work in a fast-paced and demanding environment as well as a strong interest in financial markets and banking activities
  • Eagerness to learn and to keep abreast of AML latest issues and regulatory changes
  • Foster good team spirit both within your individual team and the wider teams. Be able to demonstrate where you have contributed to the 'one team' philosophy           

QUALIFICATIONS:

  • Two to five years working experience in a financial institution, with at least two years performing KYC (Know Your Client), client onboarding or client due diligence for individual,  corporate and institutional customers. 
  • Basic understanding for global KYC
  • Analytical mind with tenacity to identify and address the underlying roots of challenge and issues
  • Strong interpersonal skills and ability to work efficiently within the team and wider in the organization in multiple locations
  • Developed understanding and knowledge of AML Risk, AML regulations and Banking/Securities/markets products

FUNCTIONAL RELATIONSHIPS:

  • Business Lines (internal customers), Clients (external customers), KYC network as well as other relevant departments including Compliance and Operations, Risk in order to complete the KYC validations as efficiently as possible.

Business insight

Societe Generale is one of the leading financial services groups in Europe. Present in over 50 countries across Europe, the Americas and Asia. Societe Generale provides corporate, financial institutions, investors and public sector clients with value-added integrated financial solutions.

Today, Societe Generale in Japan consists of four core businesses: Societe Generale, Tokyo Branch; Societe Generale Securities Japan Limited, Societe Generale Haussmann Japan Limited and Societe Generale Aircraft Leasing Company Limited. These four entities are in line with our worldwide focus on Investment Banking, Global Finance and Global Markets, and Asset Management.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 220000R4
Entity: Societe Generale Securities Japan Limited
Starting date: 2022/02/10
Publication date: 2022/01/09
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