Onboarding & Account Opening Officer - London, United Kingdom - Market Talent Ltd

Market Talent Ltd

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

Job Purpose

Coordinate with Front Office, Credit, Compliance Teams and management to understand client structure/documentation and agree or give guidance on requirements
Handling higher risk accounts, which includes but not limited to, charities, SPVs accounts with complex or opaque structures and those individuals who pose higher level of risk through jurisdiction of domicile or residence
Ensuring relationship teams have carried out sufficient customer due diligence, covering source of wealth, source of funds and that the client has been correctly risk classified
KYC checks for entities to ensure they are inline with bank requirements i.e. scrutinizing company, charities or trusts documents and ensuring documents aligns with the information we hold on the potential client
Conducting Worldcheck, Accuity, Google, Advance Google searches on all potential clients and ensuring any match found is correctly investigated or escalated (to Compliance/MLRO) if necessary
Establishing and maintaining a good working relationship with all stakeholders
Effectively liaising with branches regarding outstanding documents and any ambiguities in relation to the accounts
Being vigilant in record keeping, e.g. ensuring all original account opening files are received within appropriate time and carrying out post account markings
Maintaining and managing work load and issues for discussion with Management
Monitor branch request status; escalate delays and issues to Manager or relevant function
Ensuring all Account information and work is tracked including, clients onboarded, pending accounts and referred accounts
Provide daily, monthly and annual reports with clear breakdowns
Process account closure requests as per bank policy and ensure all documentation is in order. Liaise with relevant department for any issues and monitor progress giving updates to branches as and when required
Understand, process and action Internet banking & secure key requests. Ensure familiarisation with entire online banking system and ensure correct procedure is followed throughout the process
Keep up to date with latest Policies, regulations, bank's policies and updates in procedures. Ensure all updates are reflected on internal control & review functions
Contribute & be involved in process improvement & actively participate in productivity/work quality enhancement
Ad hoc Projects & exercises as and when implemented ensure these are completed whilst managing daily tasks.
Data management, organisation & reporting. ALL work to be tracked using excel, shared drives & internal data management systems