AML Compliance Analyst/Specialist- KYC

Overview

Title and Summary AML Compliance Analyst/Specialist- KYC & TM-1 Overview. The Mastercard Transfer Solutions Compliance team is looking for two (2) AML Customer Onboarding and Transaction Monitoring Specialists to join our dynamic team and ensure the company and the organizations we support adhere and remain compliant to all relevant anti-money laundering and counter terrorist financing regulations. In this role, you will leverage your expertise in Know Your Customer (KYC) processes to help mitigate risks associated with customer onboarding and ongoing monitoring. In addition, this role involves monitoring and analyzing transactions of onboarded customers to identify suspicious activities, conducting thorough investigations, and escalating the same to appropriate internal teams. The ideal candidate is passionate about financial crime detection and investigation, agile, highly motivated, intellectually curious, analytical, and possesses an innovative mindset.

• Conduct comprehensive due diligence (including enhanced due diligence, when appropriate) and AML risk assessment on new and existing customers in accordance with regulations and Mastercard policies and procedures.
• Verify that all documentation received from the customers comply with regulatory and compliance standards of Mastercard.
• Work closely with other internal stakeholders in the process of obtaining client KYC documentation to ensure adherence to policies, procedures and regulatory obligations and when needed, liaise with clients to gather KYC documentation/information.
• Monitor customer profiles for changes indicating increased risk and perform risk assessment as necessary.
• Review and analyze customers’ account transactions to identify suspicious activity, system-generated alerts as well as escalated alerts from other stakeholders.
• Conduct investigations of potential money laundering activities and document findings.
• Maintain detailed records of compliance activities and investigations.
• Prepare and present reports on key AML metrics to leadership/management.

• The ideal candidate for this Specialist role is a highly analytical and detail-oriented professional with a Bachelor’s degree in business, finance, management or other related fields.
• With intermediate to advanced level of experience in financial and other related services performing AML/CFT and/or financial crimes investigation-related roles or tasks.
• Possesses deep understanding of AML laws, regulations, and best practices.
• Technologically proficient and adept in using AML monitoring systems and related software and has excellent analytical and investigative skills.
• The ideal candidate should also excel in written and verbal communication, demonstrating strong problem-solving abilities and a keen eye for detail.
• Known for integrity and ability to maintain confidentiality, proactive, capable of working independently, and thrive in team environments.
• Must have strong time-management skills so tasks can be prioritized effectively under pressure to meet strict deadlines.
• A comprehensive understanding of financial products and transaction processes, combined with a commitment to continuous learning to adapt quickly to evolving compliance, regulatory and business landscapes are ideal qualities for the candidate for this role.
• Holder of certification(s) in Transactions Monitoring (CTMA), KYC (CKYC) or AML (CAMS) or their equivalent are preferred. Basic knowledge of Open Banking will also be given preference.

• All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
• Abide by Mastercard’s security policies and practices;
• Ensure the confidentiality and integrity of the information being accessed;
• Report any suspected information security violation or breach, and
• Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.