Young Apprentice at Citi (Mumbai) | KYC/AML Freshers

The Young Apprentice is an entry-level role focused on Anti-Money Laundering (AML) monitoring, governance, oversight and regulatory reporting, working closely with the Compliance and Control team. The position supports the development and management of a dedicated internal KYC (Know Your Client) program at Citi.

Key Responsibilities:

• Create KYC Records in the KYC system using internal and external sources, meeting agreed deadlines.
• Work with relationship management teams and compliance to keep system information updated until final KYC Record approval.
• Review company news from internal and external sources (Firm website, Regulatory websites, Company website, Dun & Bradstreet, Google, etc.).
• Validate KYC Record and CIP document details (Company/Entity Formation documents, Ownership, Management, etc.) for completeness and accuracy.
• Complete KYC Records incorporating local regulatory requirements and Global BSU Standards and policies.
• Own KYC Record and documentation completion from initiation to approval.
• Keep the BSU tool current and demonstrate completed work.
• Report workflow progress to the supervisor.
• Maintain the KYC workflow tool with accurate mandatory fields, status and commentary at all times.
• Meet daily targets for KYC Record review and completion within Service Level Agreement timeframes.
• Update the workflow database regularly throughout the day.
• Highlight discrepancies to Senior Case Managers, Control Team and Section Managers.
• Escalate negative news and high-risk cases to RM/PAM/AML Compliance department.
• Assist in departmental projects as required.

Communication / Reporting:

• Manage upward communication including huddle updates, escalations, issues and concerns.
• Track and report time logs (CMs and Case Researcher) daily.
• Monitor operational metrics for management level reporting.

Knowledge/Experience:

• 0-2 years of experience in banking, finance, or law.
• Experience in control/risk or Compliance (AML/KYC) function is an advantage.
• Knowledge of European Union regulatory KYC/AML requirements.
• Flexibility to work as per business timings.
• Previous relevant experience preferred.

Education:

• Bachelor's degree/University degree or equivalent experience.
• ACAMS certified is an advantage.

Skills:

• Demonstrated understanding of core AI concepts, including machine learning and generative AI, and their potential impact on the business.
• Ability to identify and articulate opportunities for leveraging AI technologies to solve business problems and improve processes.
• Strong negotiation skills.
• Excellent written and verbal communication skills.
• Customer service orientation.
• Ability to develop strong professional relationships.
• Strong research skills.
• Accuracy and strong attention to detail.
• Ability to work well under pressure and tight time frames.
• Proactive, flexible, with good organizational skills and a team player.
• Ability to work in a dynamic environment.