KYC Analyst

Role Overview

This is an essential role in ensuring the group’s adherence to compliance requirements and industry legislation regarding sanctions. Works with the business to process requests for due diligence on all new counterparties, intermediaries, and service providers (including vessels). This role demands knowledge of global sanctions regimes and experience in using due diligence software and screening tools to manage red flag alerts.

THIS IS A FIXED TERM CONTRACT FOR 12 MONTHS

Key Responsibilities & Tasks

1. Conduct Due Diligence and Know Your Customer (KYC), including Sanctions, AML, ABC, and CTF checks for the onboarding of new counterparties, and refresh/ ongoing monitoring for pre-existing counterparties as part of the ED&F Man Group Sanctions & Due Diligence policy and procedures.
2. Perform screening by reviewing counterparty documentation, trade capture data, and external screening tools and validating the information obtained on the counterparty using a variety of independent research sources.
3. Perform data quality review of KYC requests for completeness, including ensuring all appropriate information is contained in the KYC to meet all regulatory, legal, bank and audit requirements.
4. Execute and review negative media alerts from client screening and escalate where necessary.
5. Perform QC checks to ensure high quality screening standards are upheld.
6. Understand sanctions risks, AML, ABC and anti-tax evasion requirements, documentary red flags and approaches to mitigate risk during due diligence checks.
7. Perform additional due diligence on high-risk counterparties, or where a red flag has been raised.
8. Maintain detailed records on counterparties for second-level review, and internal audit/ external regulatory inspection.
9. Liaise with counterparties, Front Office, Credit, Legal and Operations as necessary as part of the KYC process.
10. Support process documentation exercise for all future regulatory changes and process improvements within the scope of KYC/ AML.
11. Prepare management information on number of counterparties screened, timeliness of screening, red flag rates, approval, and rejection rates for Deputy Head of Compliance.
12. Continuously develop knowledge of Sanctions, AML, ABC, CTF and anti-tax evasion related regulations.

Skills and Experience

1. Proven experience in a due diligence/KYC role within commodities – physical trading ESSENTIAL, preferably agricultural soft commodities although other commodities might be considered.
2. Experience of working with industry standard GRC software (such as Lexis Nexis, Refinitiv, Thomson Reuters) and screening tools (Dow Jones, Dun & Bradstreet, BvD) – BENEFICIAL
3. Excellent communication and interpersonal skills.
4. Analytical mindset with the ability to translate regulatory requirements into practical solutions.
5. Proficiency in strategic analysis.