Key Facts

Remote From:

Philippines

Full time

Junior (1-2 years)

English

Hard Skills

Operational Due Diligence Anti Money Laundering Transaction Monitoring Know Your Customer Documentation Generation Banking Relationship Management Data Validation Card Sorting Payment Processing Customer Data Management +5 more

Other Skills

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Time Management
•
Results Focused
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Detail Oriented
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Verbal Communication Skills
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Relationship Management

Roles & Responsibilities

Filipino national
At least 1-2 years of experience in KYC, Transaction Monitoring and AML risk
Bachelor’s degree in Business Administration/Commerce, Banking, Finance or equivalent
Knowledge of banking regulatory requirements and banking operations, with strong written and verbal communication

Requirements:

Conduct onboarding and ongoing KYC/AML due diligence for clients and partners, including opening and reviewing accounts per bank policies
Review KYC documents and perform due diligence; validate and input information accurately; file KYC assessment forms
Maintain a customer information database, assist other teams in onboarding clients, and serve as the main contact for KYC and AML reporting issues
Perform transaction monitoring for payment partners and identify gaps using documentation and publicly available information; ensure compliance with regulations

Netbank

About Netbank

Netbank is a fully regulated Filipino bank, operating on a white-labelled basis to power fintech and financial services companies in the Philippines. The Philippines is a very attractive market for fintech, with low banking penetration, high digital adoption and forward-looking regulation. To accelerate their growth, digital financial service providers need a bank that understands their needs, that is built to work through partners, that can move fast. This is Netbank’s passion. We provide a full range of banking services to fintech and financial institutions migrating to digital. We book loans originated by alternative lenders, open accounts for ‘banking as a service’ aggregators, manage payments via API, issue cards and provide mobile banking apps. All these services are white labelled, so our partners stay in control of their clients. We already lend to clients of several alternative lenders and provide a complete banking platform for a neobank. We will soon manage payments for a wide range of fintech, issue cards and open ‘purpose- driven’ accounts. We think like a fintech and move like a fintech, to provide services that only a bank can offer. Using Netbank, Filipino fintech can scale, international fintech can enter the Philippines fast, traditional lenders can provide digital financial services to their clients. Netbank provides the tools and the technology so our partners can focus on differentiation, on providing the best possible service to their customers. Netbank also operates branch operations in its ‘home region’, of Romblon. Visit www.netbank.ph or contact our team to find out how we can help you.

Company type: Scaleup

Founded: 2018

Company size: 51 - 200

Website LinkedIn See all jobs →

Job description

Responsibilities:

The KYC Officer’s main responsibility is to identify and conduct the onboarding process of the clients and its continuous maintenance during the client’s life cycle. He/She is also responsible for opening, and reviewing clients based on the established bank policies and procedures. Responsibility includes areas of KYC including Anti-money Laundering.

Conducts and performs due diligence on new and existing clients or partners.
Reviews KYC documents and other related documents based on the KYC policies and
procedures.
Maintain a database of the customer information to ensure the efficiency of the KYC process
Assist other teams in successfully onboarding clients.
Accomplish and file necessary KYC Assessment Forms
Act as the main contact person for KYC and AML reporting issues for clients
Identify gaps by reviewing documentation and accessing publicly available information
Validates and input all information accurately and in a timely manner
Validates and reviews information or news related to clients
Performs other KYC and compliance related duties as required
Performs Transaction Monitoring for Payment Partners

The position will be based in Manila, but remote working is possible. It will initially report to the

AML Operations Head

Metrics to monitor

Efficient turn-around time on client support and inquiries regarding accounts opening, intra-bank and inter-bank fund transfers, payments, cards, cash agents transactions and other electronic channels
Efficient turn-around time on KYC and verification on individual accounts applications based on the standard set by the Bank
Good relationship with partners and clients

Required skills and qualifications

Filipino national
Atleast 1-2 year experience in KYC, Transaction Monitoring and AML Risk
Bachelor’s Degree, preferably in Business Administration/Commerce, Banking, Finance or its equivalent.
Knowledgeable in banking operations, products and services
Knowledgeable in banking regulatory requirements
Good oral and written communication
Able to communicate clearly with clients on Netbank capabilities
Detail and process oriented
Drive to work independently, with genuine concern for the strength of the business
Customer focus while still ensuring compliance to regulations and policies
Results-oriented