Associate - Customer Due Diligence - London, United Kingdom - Bank of China

Bank of China

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

CFU Middle Office provides specialist anti-money laundering, counter terrorist financing, sanctions, financial crime checks, and other general compliance and regulatory support to the frontline business units of the Bank.

As an Associate - Customer Due Diligence, you will be responsible for providing specialist support to a number of departments within the Bank in the above mentioned areas.

This is a 12 month fixed term contract position.

Key responsibilities

Meet the Bank's internal policies, procedures, and other regulatory requirements
Support with assessing and onboarding of new clients into the Bank
Complete periodic reviews and event driven (trigger reviews) reviews of the existing clients
Conduct PEP, sanction and negative news searches
Investigate client ownership structures to determine the Ultimate Beneficial Owners
Undertake the assessment of client MiFID classifications
Keep accurate records and Management Information on clients
Establish a professional and mutually beneficial working relationship with the frontline to enhance clients' experience
Complete customer files to agreed standards and to the Bank's CDD policies and procedures
Ensure that tasks are completed in a timely fashion and as efficiently as possible

Requirements:

Degree educated in Finance, Business or other equivalent
Demonstrated AML/KYC/CDD experience in either client onboarding, periodic reviews, remediation projects including audit
Good technical understanding of the current UK and international KYC/AML rules and regulations
Understanding of JMLSG Guidance on KYC/KYB
Understanding of Money Laundering regulations
Experience in using different screening tools and platforms
Good critical thinking and investigative skills
Attention to detail
Team player who is able to work independently
Excellent communication skills

Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK.

It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group.

The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally.