Edd (Enhanced Due Dilligence) Analyst - City of London, United Kingdom - MARKET TALENT

MARKET TALENT

Verified Company

City of London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

We are seeking a Financial Crime Analyst to join a compliance team of an International Bank.

Developing and maintaining a good understanding of antimoney laundering and financial crime legislation, and a comprehensive understanding of Enhanced due diligence/ Know your customer requirements for ongoing review and on boarding for UK and non

- residentpersonal customers & Business entities

Carrying out client due diligence and search facilities to identify any adverse information, PEPs, conducting Enhanced due diligence reviews (including analysing documents provided by clients and advising on further information/ documents ). To identifythe risks and or mitigating controls where enhanced due diligence is carried out.
Completing any other processes required for enhanced due diligence & or customer onboarding in a timely manner to avoid undue delay.
Identify gaps & inform branches of any key issues arising from the reviews of EDD while conducting periodic review of risk rated accounts for all branches (particularly establishing Source of Funds and understanding Wealth generation by obtaining satisfactorydocumentation)
Scrutinise all the facts without making snap judgement and communicate compliance / AML related issues to internal stakeholders in a polite and professional manner.
Produce accurate, concise and relevant monitoring reports for the Head of the department (EDD's, PEP's,)
At times you will be performing gap analysis and identifying AML and/or Compliance/Regulatory issues compared to the laws and regulations in force
Ensuring compliance with all internal systems and controls. Ensure that the bank is conducting its business in full compliance with all national and international laws and regulations.
Be proactive alert and vigilant to potential breaches in compliance.
Identify gaps and provide recommendations for appropriate solutions to mitigate AML risks.
Ensure timely execution of instructions received from the Head of Compliance, MLRO and or Team leader.

Requirements: