Job Title: KYC Review team / Assistant Vice President
Location: London
Duration: 12 months
£300 per day PAYE
My high-profile banking client are recruiting for a KYC Analyst to join their Review team. The role is a Hybrid role which will require the candidate to work on site 2/3 days a week, working normal office hours. The role will be for a 12-month contracting position with the potential to extend.
Purpose of Job
- Processing customer periodic review cases within period review team
- Supporting onboarding team if requested
- Perform assigned customer Know Your Customer ("KYC") periodic reviews & Event Driven Reviews ahead of due date
- Submit annual reviews of Anti Bribery and Corruption applications
- Assist in maintaining the department's customer data as accurate as possible and perform essential house-keeping duties across the ISD systems
- Assist with projects, on ad hoc basis as assigned by the Head of team
Background
- The role sits within the Internal Planning Group, reporting into the Head of the team.
- The team's specific role is to ensure that all new customer or product requests are processed and completed within the given timeframe and that all local regulations and rules are complied with
- Instructions and/or requests will generally be given by the customer facing front office staff and it is the team member's role to complete these ahead of the deadline. This is to ensure no reputational risk is incurred by, for example, being unable to sign a loan agreement on the relevant date.
- All the department's customers require a regular, ongoing, KYC review within a fixed timetable. It is the team member's role to ensure all are completed ahead of the due date.
Facts / Scale
- ISD has approximately 1990 open customers (including c500 guarantors / agents) of which 25% are reviewed against current Anti-Money Laundering ("AML") regulations every year. These reviews are spread evenly throughout this period.
- ISD will also open approximately 300 new customers ever year with a smaller number being closed in the same time span.
- Customers will be based across several locations, i.e. London, Brussels, Paris, Milan, Dusseldorf & Frankfurt and the team will handle all requests & reviews for these.
- The team will potentially assist staff handling similar requests in Dubai
- A high proportion of new customer reviews will require an EMIR and / or Mifid assessment, which is completed by the team with RM and Compliance input.
- Although there is not a budget specific to the role, the role is supporting the achievement of the team budget.
Accountabilities & Responsibilities
- Ensure all KYC reviews are completed with as few overdue files as possible.
- Provide support to onboarding team whenever required and ensure annual customer reviews under the Anti Bribery & Corruption procedure are completed on time.
- Identify weaknesses in the team's processes and procedures to improve efficiency.
- Monitor changes to local, relevant, regulations to ensure full compliance.
- Provide ongoing support to internal Audit, Compliance & MLRO's when required.
- Conduct proficient and helpful customer communication during on-boarding and reviews
Knowledge, Skills, Experience & Qualifications
- Good knowledge and experience of AML & KYC regulations.
- Knowledge & understanding of all MiFID, EMIR, FATCA & CRS regulations are desirable.
- Some knowledge of Project Finance desirable but not essential
- The ability to work on multiple tasks in parallel under pressure and to time constraints with significant changes.
- The ability to work well with colleagues in multiple roles and at most levels of seniority across EMEA and other regions.
- Education & Qualifications: ACAMS or equivalent desirable.*