KYC Analyst
City of London / 3 days per week
Permanent
£65,000 - £70,000
cer Financial are working alongside a corporate bank who are based in the City of London. They are seeking a KYC Analyst work with them on a permanent basis.
The responsibilities of a KYC Analyst will include:
· 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
· Maintain and manage the client KYC database
· Identify and escalate any AML concerns to the MLRO.
· 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.
· 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.
· 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.
· 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
· Source the required KYC and corporate documents via accessible registers
· Action alerts from Companies House in a timely manner
· Complete all KYC periodic review documents (KYC review form, CRR tool, etc.) and submit complete and o Compliance ahead of due date.
· Provide requested documents to internal/external auditors in a timely manner.
· Create, maintain and update local procedures.
The successful KYC Analyst will have:
· 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.
· 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.
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