KYC/AML Associate

• Key Responsibilities

• Investor Onboarding and Due Diligence:
  • Conduct AML/KYC checks for new investors, including individuals, corporations, trusts, and other legal entities.
  • Verify and analyse investor documents to ensure compliance with applicable regulations and client standards.
• Ongoing Monitoring:
  • Perform periodic reviews of existing investor profiles to ensure continued compliance with our client’s AML/KYC policies.
  • Monitor and report suspicious activities to in accordance with established protocols.
  • In-depth understanding of AML laws, sanctions, and screening requirements, including OFAC, PEPs, and FATF guidelines.
• Regulatory Compliance:
  • Stay updated on changes to AML/KYC laws, regulations, and industry best practices.
  • Ensure all AML/KYC documentation is collected, verified, and maintained in line with regulatory requirements.
• Collaboration and Reporting:
  • Work as part of large teams, working closely with team leads to address escalations and resolve discrepancies.
  • Assist in preparing reports for various client stakeholders and Grant Thornton team leads.
• Data Management:
  • Maintain accurate records in the AML/KYC database, ensuring data integrity and completeness.
  • Handle sensitive information with discretion and confidentiality.
• Additional elements:
  • Ability to assess the design and operational effectiveness of controls systematically.
  • Proficient in identifying control deficiencies, assessing their impact, and proposing actionable solutions.

Qualifications

• Education:
  • Preferably a Bachelor’s degree in Finance, Business, Law, or a related field.
• Experience:
  • Minimum of 1-3 years of experience in an AML/KYC role within the funds, banking, or financial services industry.
  • Familiarity with fund structures such as mutual funds. hedge funds, and private equity is a plus.
• Skills and Knowledge:
  • Strong knowledge of AML/KYC regulatory frameworks and requirements (e.g., Irish Criminal Justice (Money Laundering and Terrorist Financing) Act, CSSF Circulars, EU AML Directives, BSA / PATRIOT ACT, FATCA, CRS).
  • Proficiency in using AML/KYC systems and databases.
  • Excellent analytical skills and attention to detail.
  • Strong communication skills, both written and verbal, for interacting with investors and internal teams.
  • Ability to work independently and manage multiple tasks in a deadline-driven environment.

Preferred Qualifications

• Certifications such as CAMS (Certified Anti-Money Laundering Specialist) or other certifications or Diplomas in AML.
• Experience with compliance systems and tools like World-Check, LexisNexis, or similar platforms.