Kyc/aml Analyst - Belfast, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

Belfast, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

Description

Analyst - KYC/ AML / Sanctions Due Diligence

This role sits within the KYC/AML and Sanctions Due Diligence team, which forms part of the Governance, Risk & Compliance (GRC) Department, supporting the overall CME Group Compliance and Ethics Program and reporting into the Manager KYC /A ML or the ManagerSanctions Due Diligence.

The role will involve working as part of the KYC/AML and Sanctions Due Diligence team and collaborating closely with CME's legal and compliance functions as well as other areas within CME as part of the legal and regulatory onboardingrequirements of customers to CME Group.

The Analyst undertakes the day to day processing, maintenance and operational activities related to all of KYC/AML due diligence onboarding requirements for new and existing customers across CME Group, in line with CMEGroup's Global Financial Crime Compliance programme and external regulatory bodies/legislation (e.g., JMLSG, FCA,, EU Money Laundering Directives, FATF, CFTC, MiFID II,).

The role will involve working as part of the KYC/AML and Sanctions Due Diligence teamand collaborating closely with CME's legal and compliance functions as well as other areas within CME as part of the legal and regulatory onboarding requirements of customers to CME Group.

Principal Accountabilities:

Conducts Customer Due Diligence ("CDD"), Enhanced Due Diligence ("EDD") sanctions and adverse media checks on new and existing customers in accordance with UK Money Laundering Regulations 2017, JMLSG Guidance or other relevant Regulations ( FinCEN, MiFIDetc) in line with team processes and procedures as governed by CME Group Legal and Compliance divisions including administering client reference data within internal client onboarding repositories and system(s) as required.
Conducts initial customer AML risk assessments, on a riskbased approach, for Low risk customers and provides recommendations for customers overall AML risk profiles, escalating as appropriate to effectively mitigate and manage risks posed accurately andeffectively, whilst operating under the guidance of the Manager KYC/AML and ensuring AML governance standards, regulatory classifications (MIFID II, FCA ) are maintained in accordance with the legal and regulatory obligations set by CME's Compliance function.
Successfully communicate and collaborate with CME's Legal and Compliance functions and various other operational and cross functional teams within CME Group to resolve daytoday KYC/AML related queries in an efficient and timely manner.
Undertakes daily PEP, Sanction and adverse media screening risk assessments so as to provide overall AML risk recommendations and undertakes periodic KYC/AML due diligence refreshes for existing low risk customers, ensuring to appropriately identify andimplement appropriate mitigating actions to bring in line with the firm's risk appetite to ensure continued compliance with legal and regulatory obligations as well as proactively recommending improvements and efficiencies.
Provide assistance and support as required by Manager, KYC/AML and the EDC team to ensure the maintenance of KYC/AML standards and policy compliance in accordance with the legal and regulatory obligations set by CME Group's Compliance division.

Skills and Software Requirements:

Knowledge of the UK Money Laundering Regulations 2017, JMLSG Guidelines, MiFID II, applicable FCA rules and sanction regimes including but not limited to the UN, EU, OFAC and HMT.
Understanding of the EU Money Laundering Directives, MIFID II and CFTC
Good understanding of the KYC/AML Lifecycle process.
Ability to work in a fastpaced environment with precision and accuracy.
Strong knowledge of Microsoft Office Applications and the ability to learn new software / systems quickly.
Demonstrated time management skills including ability to multitask and prioritise.
Strong attention to detail.
Excellent communication skills, both written and verbal with the ability to overcome language and cultural barriers.
Analytical and problemsolving skills.
Experience of working within a team.
Experience of working with both internal and external stakeholders.

CME Group:
Where Futures Are Made