Analyst/Sr Analyst - KYB Operations at Nium

Mumbai, Maharashtra, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Payments, Financial ServicesIndustries

Requirements

At least 6-8 years’ experience within regulated companies, in compliance role(s) with robust knowledge on Compliance topics (KYB / KYC, AML/CFT, Sanctions etc.)
Good understanding of the Payments/Fintech industry
Knowledge and experience (preferably within Payments/Fintech); ACAMS/ICA certified (preferably)
Strong analytical skills with experience in problem solving and being able to implement and deliver solutions
Demonstrate clear sense of accountability in performing the role and a positive demeanor
Ability to identify inefficiencies, see the bigger picture, challenge the current status quo and define scalable solutions

Responsibilities

Review and verify business registration documents, ownership structure, UBO details, and relevant licenses, while conducting KYB and enhanced due-diligence checks based on risk profiles, ensuring customer profiles are accurately assessed with appropriate risk ratings and timely resolution of all name-screening alerts during onboarding
Assist in improving and streamlining end-to-end compliance operational processes through automation and technology, using technology and machine learning to build capabilities to scale
Ensure all Client Due Diligence requests and activities, including review of clients’ profile, risk rating, name screening, verification of documentations during the clients' lifecycle are resolved within agreed timeframes, and any issues or bottlenecks that arise are escalated in a timely manner
Perform periodic, trigger, and ad hoc AML reviews on clients' profile, and ensure that adverse news hits and increased risk factors have been appropriately identified and escalated in accordance to company’s procedures and regulatory requirements
Conduct country specific risk assessment highlighting control gaps, and working with stakeholders to ensure remediation is completed timely
Lead the roll out and ongoing management of the Compliance Training Framework
Participate in Compliance or business-driven projects, including regulatory developments and strategic initiatives
Conduct detailed onboarding and due-diligence reviews for financial institutions, including banks, money service businesses, EMI/PSPs, brokerages, and payment facilitators
Assess FI regulatory status, license scope, shareholding structure, risk exposure, and operational jurisdictions
Review AML policies, sanctions controls, governance frameworks, and risk-mitigation measures implemented by the FI

Skills

Key technologies and capabilities for this role

KYBKYCDue DiligenceRisk AssessmentName ScreeningUBO VerificationBusiness Registration ReviewCompliance OperationsAutomationMachine LearningRegulatory ComplianceAML

Questions & Answers

Common questions about this position

What is the employment type for this Analyst/Sr Analyst role?

The position is full-time.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What key skills are needed for the KYB Operations Analyst role?

Key skills include conducting KYB and enhanced due-diligence checks, analyzing business documents and ownership structures, using technology and machine learning for process automation, performing AML reviews, and conducting country-specific risk assessments.

What is the company culture like at Nium?

This information is not specified in the job description.

What makes a strong candidate for this KYB Operations Analyst position?

Strong candidates have experience in compliance operations, due diligence, risk assessment, AML reviews, process automation with technology, and leading compliance projects.

Nium

Global platform for real-time payments

About Nium

Nium provides real-time payment solutions that enable businesses to send and receive funds instantly, manage foreign exchange transactions, and prevent fraud. Its platform, powered by a proprietary API, allows banks, fintech companies, and money service businesses to integrate services for efficient cross-border money movement. Nium stands out by offering competitive foreign exchange rates and solutions for corporate purchasing and travel payments. The company's goal is to streamline financial transactions for businesses globally while charging fees for its services.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$305.4MTotal Funding

SERIES_ECompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Hybrid Work Options

Paid Vacation

Performance Bonus

Stock Options

Professional Development Budget

Mental Health Support

Risks

Increased competition from Loop and EQ Bank's multi-currency Global Visa Card.

Regulatory challenges in diverse African markets could impact partnership with Ecobank.

Technological integration issues may arise with Partior's blockchain-based payment system.

Differentiation

Nium offers real-time cross-border payments, enhancing speed and efficiency for businesses.

The company provides a proprietary API for seamless integration into existing business systems.

Nium's platform supports multiple payment schemes, including Visa, Mastercard, and Diners Club.

Upsides

Partnership with Ecobank expands Nium's reach to 35 African markets, boosting market presence.

Collaboration with Partior enhances transaction transparency and speed via blockchain technology.

Launch of Diners Club International Card increases flexibility for travel industry customers.

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