Compliance & KYC assistant
City of London
Permanent
£55,000 - £60,000
cer Financial are working alongside a bank who are based in the City of London. They are seeking a Compliance & KYC assistant to work with them on a permanent basis.
The responsibilities of a Compliance & KYC assistant will include:
- Build and maintain professional relationships with the business functions.
- Carry out all assigned monitoring and control activities from the Compliance Monitoring Plan (CMP) and AML Monitoring Plan.
- Carry out screening for all new & changed individuals, suppliers and companies and validate due diligence.
- Keep abreast of regulatory, legislative change and industry specific updates.
- Carrying out simplified and enhanced due diligence, covering matters such as source of wealth, verification of beneficial ownership and ensuring timely review of all high risk and medium risk accounts on an ongoing basis.
- Maintain and update all relevant local working instructions/procedures.
- Maintain regulatory laws and regulations data.
- Monitor Adonis for any head office procedures relevant to the Compliance department.
- Maintain compliance with the corporate Compliance & AML programme.
- Maintain database of regulatory and company websites to support MLRO and business.
- Present regular overview of regulatory changes.
- Maintenance of PEP register.
- Support all employees with personal account dealing enquiries including liaising with head office.
- Manage case load and take ownership by tracking with business owners to ensure periodic reviews complete in a timely manner.
- Support the Compliance Analyst as required.
- Manage incoming alerts from UK Companies House and monitor and follow up on responses from the business.
- Prepare accurate and timely reports and MI.
- Monitor and action incoming Sanctions Lists and maintain records.
- Participating in ad-hoc Anti Money Laundering projects.
- Carry out screening in World-Check One.
- Ensure the timely and accurate update of the KYC Customer database.
- Review the adequacy of Enhanced Due Diligence (EDD), Customer Due Diligence (CDD), Know Your Customer (KYC), Know Your Business (KYB), source of funds, client information, client profiling and suitability during the onboarding process for new business, periodic review process and change of control and provide and monitor feedback to the relevant business team.
The successful Compliance & KYC assistant will have:
- Minimum 3+ year’s exposure within a UK regulated Bank.
- Knowledge of UK banking laws and regulations.