Job Title: Concurrent Auditor – KYC Review (Banking)
Location: MIDC (Andheri)
Engagement Type: Full-time (as per mandate)
Objective of the Role:
To independently review and verify the KYC (Know Your Customer) compliance of the bank in line with regulatory guidelines, internal policies, and applicable laws, ensuring completeness, accuracy, and risk mitigation.
Key Responsibilities:
- Conduct concurrent audit of KYC documentation for new and existing customer accounts (Retail, Corporate, SME, etc.)
- Verify compliance with RBI KYC/AML guidelines and bank’s internal policies
- Review Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures
- Ensure proper risk categorization of customers (Low/Medium/High risk)
- Check completeness and validity of KYC documents (PAN, Aadhaar, address proof, etc.)
- Identify and report deficiencies, discrepancies, and non-compliance in KYC records
- Review periodic KYC updates and re-KYC processes
- Verify CKYC compliance and reporting
- Examine adherence to Anti-Money Laundering (AML) norms and suspicious transaction monitoring
- Report exceptions in a timely manner with risk grading and actionable recommendations
- Coordinate with branch/operations team for clarification and resolution of observations
- Maintain proper audit documentation and working papers
Scope of Coverage:
- Savings / Current Accounts
- Term Deposits
- High-value / High-risk accounts
- Non-individual accounts (Companies, Trusts, Partnerships, etc.)
- PEP (Politically Exposed Persons) cases
- Accounts opened through digital / non-face-to-face modes
Eligibility Criteria:
- Experience in banking audits, concurrent audit, or KYC/AML compliance preferred
- Freshers with strong knowledge of KYC norms may also be considered
Required Skills:
- Strong understanding of RBI KYC Master Directions and AML guidelines
- Attention to detail and analytical skills
- Working knowledge of banking systems and documentation
- Good communication and reporting skills
- Proficiency in MS Excel and documentation
Reporting:
- Submission of daily/weekly exception reports
- Monthly audit report highlighting key observations, risks, and compliance status
- Escalation of critical issues to management on immediate basis
Job Types: Full-time, Permanent
Pay: ₹13,000.00 - ₹17,000.00 per month
Benefits:
Application Question(s):
- What is your notice period?
- Why are you looking for a change?
- Do you have knowledge of KYC
Education:
Work Location: In person
