Edd (Enhance Due Diligence) Officer - International - City of London, United Kingdom - MARKET TALENT

MARKET TALENT
MARKET TALENT
Verified Company
City of London, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

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Description
We are hiring on behalf of a highly reputable International Bank based in the City.

They are seeking an Enhanced Due Diligence specialist with atleast 2 years of experience in KYConboarding and remediation of high risk offshore entities including SPVs, Trusts,Charities and Funds.

The successful individual will join the Operations team at the bank in a team of 5 Due Diligence Officers.


Responsibilities

  • Responsible for reviewing High, Medium and Low risk accounts.
  • The role also includes the management of monthly accounts sent to CAM CDD/EDD team and completion of target numbers within agreed SLA with Operation and Compliance, while ensuring compliance to local laws, rules and regulations and group policies, directivesand guidance.
  • Report to the COO and primarily manages work flow of High Risk accounts renewal for Branches. In addition to this OIC will also be responsible for remediation of medium and lower risk population

Enhance Due Diligence

  • Conduct an annual review for high risk clients.
  • Prepared Enhance Due Diligence and Customer Due Diligence Report.
  • Communicate verbally and in writing with clients.
  • Conduct review and EDD for PEP accounts.
  • Conduct review for CDD accounts.

Monitor Documentations

  • Review validity of documents for clients for CDD and EDD Reports.

Compliance

  • Communicate with compliance for CDD and EDD.
  • Deal with matters arising from CDD and EDD.
  • Deal with PEP account inquiries.

Central Accounts Maintenance

  • Deal with Amendments to client's information.
  • Discuss the EDD and CDD information.
  • Remedial review.
  • To complete and manage the EDD Project.
  • Provide weekly reports of the EDD Project from the MI Tracker to the Management.
  • Monitor the communication with clients to meet the deadlines for missing documents.
  • Review annual documents for clients.
  • Monitor that all information in the system must be accurate.

Requirements:


  • 12 years of KYC Enhanced Due Diligence experience.
  • Experience with KYCremediation of high risk accounts including offshore businesses (SPVs, Trusts, Charities and Funds)
  • Experience and knowledge of FATCA and CRS documentation.
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