KYC Update Specialist 100% - (Contract through our external payroll partner, starting immediately for 12 months, with the possibility of extension)

Tasks

• Regularly review and update the KYC profiles of existing customers to comply with regulatory standards and internal policy requirements
• Collaboration with the BAC in preparing appropriate KYC files
• Ensuring the preparation and updating of relevant EDD (Enhanced Due Diligence) and KYC compliance reports for the front office and management
• Completing KYC-related AML/FT questionnaires (20%–30%) and processing the documentation, preferably electronically
• Contact and Confirmation of External AML/Data Protection Compliance
• Conducting a professional assessment of the suitability review and the quality of the advice, in particular by verifying the relevance of each client’s financial situation (income and expenses), income, and assets, as well as other aspects
• Processing feedback to Wealth Management (WM), the email team, asset and sector managers, and custodians, and informing the client of potential consequences
• Reviewing customer procedures (complaints [receipt], documentation, and related processes) and ensuring that they comply with local laws
• Identification and measurement of key indicators for scenarios and product/service alternatives during the review process
• Maintaining close communication between internal clients and departments
• Implementation of a comprehensive and reliable system for measuring assigned work and actual results
• Quarterly reporting on progress and data quality for internal governance
• Contact the Central Unit/Compliance and UBS/external regulatory authorities as needed or when required
• Maintaining Records in Accordance with Compliance Requirements
• Active participation in the preparation of regulatory and due process data, and upon request
• Ensure that all KYC/EDD measures comply with the company's current service and quality management policies and procedures. Comprehensive action reports/measurable results

Requirements

• Solid technical knowledge of KYC risk assessment, SWIFT/OFAC sanctions, and financial crime compliance
• Experience in interpreting financial documents (e.g., technical accounting, forecasts, income statements)
• A strong degree and a solid understanding of the key global aspects of the company's IT sector