Transaction Monitoring and Kyc Onboarding Officer - London, United Kingdom - GC Partners

GC Partners

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Location

London Office based 3/4 days

Reporting to

Compliance Manager & DMLRO

Contract

6 months

Hours

Monday to Thursday 8.30am to 5.30pm, Friday 8.30am to 5pm

Overview:

Are you ready to start your career in a rapidly progressing company with service at the heart of everything we do? Then you've come to the right place.

We are GC Partners and we are a specialist financial exchange company.

We help Private and Corporate clients move their money at the best rate, using our 20 years of experience, our bespoke technology and our dedication to customer service.

We have 6 offices around the globe including Hong Kong and Dubai, with further expansion in the future.

Most importantly, we are an employee ownership trust, meaning our employees act as owners and partners in the business and all work towards a common goal: with clients at the heart of our business, we deliver efficient, yet simple end-to-end payment solutions through best-in-class service with market-leading technology.

We have a fantastic opportunity for a Transaction Monitoring and KYC Onboarding Officer to join our busy and growing Compliance Team.

If you have a collaborative and adaptable work ethic, a drive for success and are looking for your next opportunity then we would like to hear from you.

Job Purpose:

Reporting to the Compliance Manager & DMLRO, as Transaction Monitoring and KYC Onboarding Officer you will be focusing Transaction Monitoring and Customer Onboarding of Private and Corporate Clients.

Person Specification:

Effective communicator
Strong analytical skills, including the use of spreadsheets
Detailed focused
Excellent people and relationshipbuilding skills
Able to deal with sensitive data and confidential information

Duties & Responsibilities:

General:

Supporting the Compliance Manager & MLRO in building out processes and strengthening customer onboarding and transaction monitoring controls
Assist in the development and implementation of compliance risk assessment programs for the company and monitoring business activities against the relevant applicable legislation and regulations
Accountable for understanding Consumer Duty policy and procedures; partnering and collaborating within the team to achieve set standards

Onboarding:

Primary point of contact for queries regarding onboarding FX and money remittance clients
Ensuring Anti-Money Laundering legislation and Customer Due Diligence requirements are met
Risk assess corporate entities including private entities, publicly listed entities, government entities, Special Purpose Vehicles (SPV), foundations and trusts
Complete Source of Wealth and peer reviews for corporates and individuals
Assist with client management to ensure the smooth operation of accounts
Review of highrisk and mediumrisk accounts on an ongoing basis, KYC reviews on existing customers, ensuring legislation, regulations, policies & procedures, along with due diligence requirements continue to be met continuously
Assess client risk categorisation
Liaise with account managers, back office and front staff and on occasion communicate directly with clients or their representatives
Escalation of potential alerts, positive matches, suspicious transactions and related activities
Participating in the development, testing and implementation of new and enhanced systems and processes as and when required
Identify and report relevant money laundering and terrorist financing typologies and trends to the MLRO
Build and maintain professional relationships with business functions to ensure effective cooperation, and communication, and seek opportunities to promote higher regulatory standards and awareness

Transaction Monitoring:

Monitor transactions for suspicious behaviour
Complete flagged payments review, being accountable for payments signedoff
Request and review payment invoices, SoF & SoW information
Ensure timely closure of alerts
Escalate alerts and notify where appropriate to MLRO
Support any subsequent investigation arising from an alert
Promptly identify and escalate any suspicious or unusual activities

Qualification & Experience:

2+ years' experience in firstline customer onboarding and transaction monitoring in a similar role in banking and/ or fintech in the payment services sector
Proven experience in reviewing investigation flags and alerts in line with predefined risk thresholds
Practical and uptodate understanding of regulatory requirements relating to Financial Crime, JMLSG and Wolfsberg guidance on customer screening and transaction monitoring
Production and reporting of data metrics/MI to support weekly and monthly reviews, supporting management intervention where required

Intermediate level

Microsoft Office suite
Industry accreditations and completion of training in relation to Financial Crime/AML
ICA or ACMAS qualification is preferred
Qualification in Law or Economics, id