WHAT DOES A KYC ANALYST DO?

Published: Jan 06, 2026 - The Know Your Customer (KYC) Analyst investigates and analyzes accounts flagged in fraud processes, applying appropriate risk and restriction statuses while ensuring compliance with regulatory policies. This role involves reviewing and approving customer deposits and withdrawals, identifying fraud trends, and communicating with customers to resolve or verify account concerns. The analyst also escalates irregularities, monitors group behaviors, and maintains awareness of industry rules related to anti-money laundering obligations (AMLo).

A Review of Professional Skills and Functions for KYC Analyst

1. KYC Analyst General Responsibilities

  • KYC Analysis: Carry out and analyse KYC checks and the results of client screening.
  • AML Investigation: Investigate and respond to AML and affordability alerts.
  • CDD and EDD: Conduct reviews of client accounts and undertake CDD and EDD.
  • Compliance Monitoring: Responsible for day-to-day compliance monitoring, including managing AML and customer screening (PEPS, sanctions, negative news).
  • High-Risk Management: Manage high-risk relationships, including with PEPS.
  • Affordability Assessment: Conduct affordability assessments to determine whether a client's deposits are affordable and request further information.
  • Regulatory Investigations: Prepare information for investigations from external bodies (Police and SFO and FCA, etc.)
  • SAR Management: Consider and investigate internal SARs and the submission of external SARs to the NCA.
  • Financial Crime Policy: Assist the MLRO with keeping the financial crime policies and for a wide financial crime risk assessment.

2. KYC Analyst Additional Details

  • KYC Scheduling: Implement a risk-based periodic KYC review schedule.
  • KYC Escalation: Track and escalate incomplete KYC reviews.
  • KYC Testing: Test KYC files to make sure they are current and complete.
  • Policy Compliance: Ensure that KYC files are in compliance with company policy.
  • Document Management: Assist with a firm-wide project to develop online centralized document storage.
  • Data Migration: Assist with firm-wide initiative to migrate KYC files to a new online platform.
  • Training Delivery: Provide training and education to business units.
  • Stakeholder Liaison: Liaise with Compliance and Legal departments and senior management.

3. KYC Analyst Accountabilities

  • Client Data Verification: Obtain and verify client data attributes using authorized validation sources.
  • Data Accuracy: Ensure client data is up-to-date and correct per policy guidelines.
  • Regulatory Reporting: Input and maintenance of regulatory identifiers for transaction reporting requirements.
  • Process Analysis: Perform process analysis and provide inputs for change initiatives.
  • Process Improvement: Identify and manage process improvement projects.
  • Data Analysis: Accountable for data analysis and report creation in relation to process volumes, risk and quality.
  • CIP Documentation: Collect and check client documentation for the CIP process and ongoing client documentation refresh.
  • Issue Follow-Up: Follow up on issues with functional stakeholders.
  • AML Coordination: Liaise with the various business units to obtain the necessary Anti-Money Laundering and documents and explain the requirements.
  • Regulatory Mail: Process regulatory mail on a daily or annual basis.
  • Stakeholder Collaboration: Work with the bank's vendor, business units, risk, compliance and/or clients to obtain required documents.
  • Task Execution: Carry out tasks related to the job in accordance with the instructions of the supervisor.

4. KYC Analyst Additional Details

  • Alert Review: Review Lexis Nexis and Webshield alerts (including ongoing alert clearing and review) based on guidelines and procedures.
  • Sanctions Screening: Perform ongoing sanctions screening for customers and related parties in AML/KYC via applicable tools.
  • Evidence Interpretation: Interpret evidence from multiple tools and systems.
  • Client Assessment: Determine the legitimacy of the client profile and product/business offerings.
  • Incident Tracking: Assist with monitoring and tracking incidents/screening output to ensure resolution occurs within the agreed SLA.
  • AML Investigation: Undertake a comprehensive investigation of potential suspicious money laundering activity and terrorist financing based on screening output.
  • SAR Drafting: Review and draft suspicious activity reports.
  • Cross-Functional Collaboration: Collaborate with multiple functional areas to investigate cases and acquire information.
  • KYC Review: Review of KYC records as to completeness, verifying that due diligence has been performed, including relevant screening.
  • Ad Hoc Projects: Work on ad-hoc projects and assignments.

5. KYC Analyst Duties and Roles

  • Fraud Investigation: Investigate, analyze, and take relevant actions on accounts identified in Fraud processes, from existing queues and reports.
  • Risk Status Update: Update the customer accounts with relevant risk and restrictive statuses as they apply to fraud checks and processes.
  • Fraud Trend Analysis: Identify fraud trends and player behaviors across groups of accounts raised in fraud procedures.
  • Withdrawal Approval: Review and approve customer withdrawals for all brands.
  • Regulatory Decisioning: Review these accounts individually and make a decision based on current regulatory policies and Fraud procedures.
  • Customer Contact: Contact customers from fraud risk processes and provide information to resolve and/or verify accounts.
  • Account Handling: Handle accounts through.
  • Deposit Approval: Review and approve deposits flagged based on set risk profiles.
  • Risk Escalation: Escalate uncovered trends and irregularities.
  • AMLo Knowledge: Understand the industry rules as they apply to AMLo.
  • Transaction Processing: Review and process customer deposits and withdrawals.

6. KYC Analyst Details

  • Customer Due Diligence: Perform due diligence on customer documentation and information through internal and external sources.
  • KYC Compliance: Ensure the KYC/AML record is completed in compliance with Bank policies and procedures.
  • Initial Due Diligence: Perform initial due diligence checks for potential new clients.
  • Quality Control: Carry out Quality Control checks on Underwriters and Case Managers for KYC and other processes.
  • Role Responsibilities: Commensurate with the grade and level of responsibility of this post, for which the post holder has the necessary experience and/or training.
  • KYC Onboarding: Responsible for ensuring the timely and accurate delivery of the end-to-end KYC/AML onboarding lifecycle service for new customers.
  • Transaction Analysis: Analyse customer and transactional information to assess whether alerted activity is of concern.
  • Background Research: Conduct additional background research.
  • Alert Escalation: Refer alerts or cases for further investigation and reporting to authorities when doubts or suspicious activities arise.
  • Customer Identification: Perform customer due diligence activities relating to customer identification and verification.