Introduction to Provenance
Provenance is a Cayman based compliance advisory firm. Provenance offers consultancy and officer appointments across the specialist functions of compliance, internal audit, risk and advisory. Provenance principal area of focus, and expertise is on enhancing compliance and risk management solutions available to virtual asset Funds, Managers, Service Providers and other participants in the virtual asset sector. Provenance aims to provide holistic, automated and cost-effective control frameworks to ensure compliance with the Financial Action Task Force and local jurisdictional regulatory frameworks and VASP regimes.
Job Description – AML Analyst (KYC MS)
Provenance is looking for a highly motivated, detail-oriented and loyal individual to join our fast-growing remote team. The successful candidate will be able to demonstrate an ability to support and lead service delivery across multiple areas, with the initial focus on our KYC Managed Services. Provenance clients are multi-jurisdictional hence the successful candidate will need to ensure AML compliance with various and nuanced regulatory frameworks.
The successful candidate will oversee the onboarding and ongoing monitoring of applicants. This will include performing risk assessments, collecting due diligence documents, verification checks, conducting enhanced due diligence where necessary, screening and ongoing monitoring, liaising with applicants and reporting to the client. Provenances leverages an eKYC software solution for onboarding investors and this role would be expected to become a subject matter expert in that solution and its workflows.
After probation is complete, there is an opportunity to train in onchain analytic tools such as Chainalysis. This would involve tracing the source of funds on the blockchain, identifying high risks, and recognising trends and red flags associated with transaction and investor behaviour. The role will require the successful candidate to apply good reasoning, interpretation, and application of current industry standards, norms and frameworks, in order to contribute towards the further build-out of the service line.
As we are operating in a start-up environment, we would also need the successful candidate to ensure deadlines are met, pipelines are being sufficiently monitored and actioned, and that client’s queries are being attended to in a timely manner. They will also be able to support and lead service delivery across additional areas, such as Compliance Officer Services, Client Onboarding and Risk Assessments.
Key Responsibilities
- Manage onboarding and ongoing monitoring of Know Your Customer (KYC) and Know Your Business (KYB) applicants. This includes conducting risk assessments, collecting due diligence documents, verifying information, screening applicants, liaising with them and reporting to clients.
- Undertaking Anti-Money Laundering (AML)& Investor Due Diligence (CDD) checks and investor reviews and ensuring compliance with regulatory requirements.
- Maintain accurate and up to date records of KYC documentation, findings and actions taken for all investor activities.
- Identify and escalate suspicious activities or potential risks to the appropriate parties in a timely manner.
- Assist with the creation and development of collateral, contributing your expertise and insights to the process.
- Clearly and concisely communicate research findings and recommendations to both internal team members and clients, ensuring that all stakeholders are well informed.
- Perform audit support functions such as risk assessments, policy and procedure review, substantive testing and reporting findings.
- Support the wider team by participating in ad-hoc projects as needed, lending your skills and knowledge to ensure successful outcomes.
Qualifications and Experience
- ACAMS or equivalent AML compliance certification
- 1 year experience using SumSub eKYC software
- 3 – 5 years’ experience in client due diligence
- An understanding of the principals of internal audit, preferably also with some work experience in this field.
- Bachelor’s degree
General Notes
Provenance strives to uphold a high level of client engagement and as such the successful candidate will be required to communicate with and provide timely feedback to clients on platforms including Telegram, Discord and e-mail.
As Provenance operates across various time zones, a reasonable amount of flexibility is required from the successful candidate to avail themselves for client and internal meetings outside traditional working hours in their place of residence. This expectation will be managed by the founders and the team lead in a fair manner and will never be to the detriment of the successful candidate.
