We are inviting applications for KYC Analyst position for an International Bank based in city London. This is 12 months FTC position starting immediately.
Main Objectives/Job Summary:
To assist and provide support to Structured Finance (Relationship Manager) in all day-to-day activities and tasks related to KYC whilst ensuring that all legal and regulatory obligations are satisfied with the focus on minimising the risk of Money Laundering in accordance with guidelines issued by the Financial Regulator, external associations and branch and group policies and procedures.
To ensure all new and existing business is satisfactorily approved and signed off within the specified reporting periods.
Key Duties and Responsibilities:
Prepare financial analyses for contract negations and investment decisions. Manage team and undertake regular one to one and annual performance reviews)
Contribute to the identification of regulatory AML risks or gaps and discuss proposals to mitigate these risks.
Provide KYC related advice and support to team members and maintain and manage the client KYC database, Identify and escalate any AML concerns to the MLRO.
Proactively problem-solve, identify mitigate any risks, issues, or control weaknesses arising in day-to-day operations, Track issues and actions escalated,
Carry out the complete KYC process for new Structured Finance customers by applying the appropriate level of customer due diligence as defined by the Banks risk rating and risk appetite.
Analysis of ownership/shareholder structures based on Structure Chart(s) , Defining KYC document requirements based on ownership structures
Establish an effective communication channel with the client to request and monitor KYC documents. Validate KYC documents supplied by the clients /Agent Bank
Source and obtain the required corporate documents via accessible registers
Raise any concerns or red flags with team head in the first instance and escalate to Compliance in line with KYC procedure.
Provide regular updates to the deal team and the team head on the status. Complete all NORD/LB KYC control documents (Onboarding form, CRR tool, etc.) and submit complete and signed to Compliance ahead of financial close. Ensure data quality in all NORD/LB systems
Liaise with Compliance department to ensure relevant approvals have been granted.
Track and monitor successful conclusion of any agreed CS's / CPs within specified timeframe.
KYC Reviews (as defined by the Risk Rating) , Identify which customers are due for reviews
Ensure that all KYC periodic reviews are completed and satisfactorily signed off by Compliance by the specified due date.
Request and validate any structural / director / authorised signature / UBO/OBO changes
Ensure data quality in all NORD/LB systems
Source the required KYC and corporate documents via accessible registers
Action alerts from Companies House in a timely manner, complete all Bank KYC periodic review documents (KYC review form, CRR tool, etc.) and submit complete and o Compliance ahead of due date.
Liaise with Compliance department to ensure relevant approvals have been granted.
Track and monitor successful conclusion of any agreed CS's / CP's within specified timeframe.
Provide requested documents to internal/external auditors in a timely manner.
Create, maintain and update local procedures.Key Skills and Experience required:
Previous Management experience, or excellent excel and data manipulation skills)
Minimum of 5 years' experience of conducting in depth investigations and dealing with adverse media screening, sanctions screening on PEP's, high risk individuals etc.
Experience managing a team
Sound knowledge and experience of KYC/ CDD processes for individuals, corporations, trust/ corporate structures and high-risk individuals.
Managerial level communication and presentation skills
ICA or equivalent qualification or suitable industry experience in AML/ Financial Crime
Intermediate to advanced knowledge of Microsoft Excel, including proficiency in data
analysis using formulae and pivot tables
Effective time management & outstanding workplace organisation
