Kyc Executive

Key Responsibilities

• Coordinate with the Bank team for quarterly merchant sample allocation.
• Review merchant samples and identify duplicate samples from previous audit periods.
• Coordinate with stakeholders for sample confirmation and document collection.
• Follow up with Payment Aggregators for pending KYC and AML documents within defined timelines.
• Maintain accurate quarter-wise audit trackers in Excel.
• Send weekly status updates and ensure all pending actions are tracked to closure.
• Review KYC documents against the Payment Aggregators Board Approved KYC Policy.
• Verify completeness, validity and relevance of mandatory merchant documents.
• Verify AML screening evidence, screening dates, system records and supporting documents.
• Review Merchant Category Code (MCC) against the merchants actual business activity / Line of Business.
• Identify prohibited, restricted or inappropriate MCC classifications and escalate / recommend corrective action.
• For Payment Gateway merchants, review website/app-related requirements such as business details, policies, pricing, checkout flow, SSL/security and functionality.
• Prepare clear and accurate audit observations for identified gaps.
• Share observations with stakeholders and follow up for clarification / supporting documents.
• Review responses and additional documents submitted by Payment Aggregators and assess whether observations can be closed.
• Prepare and update audit reports covering KYC, AML, MCC and other audit observations.
• Coordinate with the Bank audit team for review comments and incorporate required changes.
• Participate in weekly audit status meetings and document action points wherever required.
• Maintain professional communication and follow the defined escalation matrix.

Requirements & Tech Stack

• MS Excel
• KYC
• AML
• MCC
• SSL

Qualifications

• Graduate in Commerce / Finance / Banking / Business Administration.
• Experience in Banking / FinTech / Payment Aggregators / KYC / AML / Internal Audit / Compliance will be preferred.

Key Skills

• Good understanding of KYC and AML concepts.
• Strong document review and analytical skills.
• Good knowledge of MS Excel.
• Strong attention to detail.
• Good written and verbal communication.
• Ability to manage multiple stakeholders and follow-up timelines.
• Ability to identify discrepancies and document audit observations clearly.
• Good email drafting and professional communication skills.

Who Will Do Well in This Role

• Highly detail-oriented and disciplined with follow-ups.
• Comfortable working with large volumes of documents and Excel trackers.
• Accuracy-driven, ensuring documents are not missed or incorrectly reported as outstanding.