KYC Analyst

Pontoon; London; On-site; GBP 30,000 - 60,000; Full time

Job description

Job Description

KYC Analyst

6 Months

London

One of our large Financial clients is looking for a KYC Analyst to join their team. The role is designed to protect the Bank by identifying Financial Crime and Sanctions risks associated with the onboarding of new clients into the Bank, and conducting periodic due diligence on all existing clients, using a risk-based approach.

Responsibilities

• Ensure that the client information registered in the KYC systems is consistent and correctly completed, including any customer classifications required for regulatory purposes.
• Escalate and formally report any client or client activity that appears to expose the Bank to any Sanction or Financial Crime risks to the second line for advice/guidance.
• Process client KYC files related to the onboarding of new clients and the amendment update and periodic review of the existing client population.
• Investigate and document the client's ownership structure and ultimate beneficial owner, including the identification and investigation of any associated PEPs.
• Examine and classify negative news articles and the rationale for classifications, including ongoing monitoring of serious negative news articles.
• Check and liaise with the Relationship Managers regarding their KYB answers and the quality, consistency, accuracy, and suitability of client documentation.
• Review risk calculations and consider suitability or whether a written representation should be made to the MLRO for a RAM override.
• Analyse FO submissions for new client onboarding or periodic reviews, ensuring adherence to CPD AML/CTF Standards and internal policies.
• Participate in the on-the-job training of new staff, ensuring they understand the systems and procedures.
• Participate in the remediation of files identified as requiring additional work by Compliance Monitoring reviews.
• Attend meetings with Front Office teams as required, providing help and guidance in relation to KYC matters.

Skills:

• Good understanding of the regulatory framework associated with Financial Crime/Sanctions/AML.
• Previous experience working within a CDD team in a financial institution is beneficial.
• Externally recognized qualifications in relation to AML and Customer Due Diligence are desirable.
• Excellent communication skills, both written and verbal, with the ability to communicate complex issues and regulatory requirements.
• Ability to collaborate and work within a team to achieve overall objectives.

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