Commodity Trading - KYC Analyst

Atlas Professionals - Houston, TX

Full-time - Mid Level

Houston, TX

1-10 employees

Support Activities for Mining

About the position

The KYC Analyst position at Atlas Professionals involves performing Know-Your-Counterparty (KYC) and third-party due diligence for existing, new, and potential customers in the commodity trading sector. The role focuses on risk mitigation, ensuring compliance with regulatory requirements, and maintaining accurate records. The analyst will collaborate with various departments to assess counterparty risks and support compliance efforts through audits and inquiries.

Responsibilities

• Perform Know-Your-Counterparty / Third-Party Due Diligence on existing, new, and/or potential customers based on risk mitigation controls.
• Identify domestic and international counterparty records that require further review and take action to obtain and follow-up on the information and/or documentation requested.
• Ensure that information and documentation provided by customers meet verification requirements.
• Perform searches utilizing Internet sources and/or third-party vendors to obtain information on prospects and counterparties.
• Communicate and follow up with counterparties to handle escalated or complicated cases with strong customer empathy.
• Provide guidance and responses to daily inquiries regarding due diligence matters and case analysis.
• Maintain a basic understanding of KYC-related regulations and their impact on the business.
• Assess the risk level of referred profiles and escalate any suspicions or concerns.
• Assist the compliance supervisor in internal and external audits and regulatory due diligence process-related query reviews.
• Collaborate with various support functions to gather documents and related information.
• Assess counterparty risk associated with different types of commodity counterparties.

Requirements

• Must live in Houston, TX
• A minimum bachelor's degree is required.
• 3 to 5 years of experience in compliance and KYC management, including commodity trading business.
• Experience working in the oil and gas industry.
• Knowledge of regulatory requirements regarding identifying unusual or suspicious activity in financial transactions.
• Strong understanding of relevant laws, regulations, and industry standards.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication and interpersonal abilities.
• Detail-oriented with a commitment to accuracy and thoroughness.
• Ability to work well with others, along with minimal supervision.
• Strong organizational and time management skills.
• Proficient in various software applications, including Excel and Word. Power BI is a plus.
• Experience with KYC tools, e.g., World Check and Watch Dog.