KYC Analyst Training Programme

Powering Compliance Operations

As part of the Know Your Customer (KYC) requirements, banks must perform Customer Due Diligence (CDD) on new as well as periodically on existing customers. To manage these processes efficiently as well as address the complexity of certain client segments banks generally bundle their existing resources and establish Centres of CDD Excellence. A Centre of Excellence has the added advantage in that it facilitates active maintenance of quality standards and allows process optimisation initiatives to be rolled out efficiently.

An essential component of this strategic initiative is a rigorous CDD skill training in which performance standards are established for correctly, consistently and efficiently applying the Bank’s CDD procedures. Furthermore, focus is also given to attaining an appropriate level of AML/KYC awareness, such as being able to spot suspicious AML situations.  And finally, participants will be trained to communicate their findings effectively, verbally and in writing, with the bank’s KYC stakeholders, such as the client-facing personnel. i-KYC has developed a skills training programme for three levels of expertise:

  • Level 1: Junior analysts- i.e. starters to analysts with approximately 1 year of practical experience;
  • Level 2: Intermediate analysts – those with 1 – 3 years of practical experience, and
  • Level 3: Senior analysts – your experienced KYC risk sentinels whose task it is to provide day-to-day guidance to the team based on thorough subject matter knowledge with a focus on leadership skills.

Four themes

Each level, which can be taken independently, features four themes. These are:

  • Knowledge of the AML/CFT landscape and awareness of current developments
  • CDD operational skills
  • Special financial crime topics
  • Personal development

The training is provided by subject matter experts and dyed-in-the-wool analysts who share their years of experience.

Each programme will be tailored to your specific requirements and support your efforts to achieve the highest standards of Customer Due Diligence. Check the programme sections below for further details and contact us if you seek further information.

KYC Analyst Training Programme

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