KYC Operations Associate Analyst at Wise

Hyderabad, Telangana, India

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₹520,000 – ₹520,000Compensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Excellent verbal and written English skills (additional languages beneficial)
Flexible to work in rotational shifts & weeks offs
Ability to complete an online assessment (approximately 30 minutes on laptop with stable internet and quiet environment)

Responsibilities

Conduct initial and ongoing Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews for customer and business onboarding
Take risk-based approach decisions in reviews ensuring risk mitigation standards are met
Collect, analyse, and verify customer information according to KYC/AML guidelines and understand potential risks associated with each customer type
Assess customer identity documents, online company registries, complex business structures, ultimate beneficial ownership, customer source of wealth documentation, adverse media screening, and other sources to make decisions
Review customer transaction history and provide insights into customer behaviour patterns that may indicate risks
Conduct periodic reviews and analyse changes in customer history and account usage
Ensure customer records are accurate and updated as required
Maintain organised and detailed records of customers and decisions made during the KYC process
Ensure compliance with data privacy regulations and internal data security protocols
Perform and document customer risk assessment based on collected information
Escalate to relevant teams when identifying activities exceeding internal risk tolerance
Identify potential money laundering and fraudulent activities and file Suspicious Activity Reports as needed, ensuring proper documentation and rationale
Communicate effectively with customers via relevant channels (e.g., phone, email, chat)
Perform tasks and responsibilities within expected key performance indicators set by the leadership team
Complete other tasks related to the position assigned by your lead
Participate in meetings, training, internal and external events

Skills

KYC

Customer Due Diligence

Regulatory Compliance

AML

Customer Activity Analysis

Wise

Facilitates low-cost international money transfers

About Wise

Wise focuses on international money transfers, providing a low-cost alternative to traditional banks. It uses a peer-to-peer system to match transfers between users in different countries, which helps reduce fees and offers better exchange rates. Customers pay a small, transparent fee for each transaction, and Wise also offers a multi-currency account for managing funds in various currencies. The company aims to maintain high performance and reliability while ensuring transparency and trust with its users.

London, United KingdomHeadquarters

2011Year Founded

$385.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

5,001-10,000Employees

Benefits

PTO & annual leave

Work from home flexibility

Parental leave

Medical insurance plans

Health & wellbeing discounts

Pension & retirement plans

Social events

Relocation support

Risks

Increased competition from banks integrating Swift services could challenge Wise's market share.

Regulatory scrutiny following Stenn's collapse may increase pressure on Wise.

Bitcoin's low transaction fees could attract customers away from Wise's services.

Differentiation

Wise offers a peer-to-peer system for low-cost international money transfers.

The company provides a multi-currency account for ex-pats, freelancers, and travelers.

Wise's transparent fee structure attracts customers seeking cost-effective money transfer solutions.

Upsides

Partnership with Morgan Stanley enhances Wise's cross-border settlement capabilities.

Expansion into India's remittance market presents significant growth opportunities for Wise.

API integrations offer additional revenue streams and market penetration for Wise.

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