Kyc / Onboarding Specialist - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

CBH UK

To support the business, specifically the front office, Relationship Managers by acting as a first line of defence, with responsibility for maintaining effective internal controls and for executing risk and control procedures on a day to day basis.

RESPONSIBILITIES

Day to day duties will include conducting Client Due Diligence (CDD) at both onboarding and ongoing review stages under the guidance of Head of Risk & Compliance, involving performance of KYC checks, conducting sanctions and PEP screening, adverse mediascreening and completion of risk assessments;
Provide general advice to Relationship Managers on KYC/CDD requirements and status of accounts;
Ad hoc functions relating to KYC including name changes; reopening of accounts, collation of data for ongoing reviews, remediation of existing client files as and when required by regulatory changes;
Perform and analyse due diligence checks and assess underlying ML/TF/reputational and other KYC risks as part of client on boarding and ensure risks are appropriately considered and mitigated with the relevant stakeholders;
Undertake and assess adverse news and sanction information as they relate to client on boarding as well as ongoing name screening, ensure issues are raised to the relevant stakeholders;
Assist the Relationship Managers with client suitability reviews, ensuring all suitability records are updated.
Review MiFID classification of the client and confirm that the classification is correct in light of the nature of trading activities conducted by the client.
Prepare various regular management information reports.
Under the guidance of the CEO and the Head of Risk & Compliance carry out risk, AML and regulatory reviews, investigations and ad hoc activities.

EXPERIENCE REQUIRED:

Min. 5 years' experience within the financial sector environment and practical experience of KYC AML processes;
Experience of conducting customer onboarding at a financial institution, preferably in a private client, wealth management firm;
Good understanding of UK antimoney laundering requirements and JMLSG;
Good working knowledge of the Financial Services Industry and familiarity with FCA;
Understanding of risk and control processes.
Knowledge and experience of dealing with AML/KYC monitoring and account opening with respect to High Net Worth / Corporate clients from emerging markets and Russia / CIS region / China would be an advantage.