KYC Analyst – Client Onboarding & Refresh – High Risk entities and PEP”s
Your role will involve ensuring the timely and accurate completion of periodic customer reviews and onboaridng new business in a timely manner.
Existing customer relationships must be reviewed at a set frequency according to their risk rating in line with the requirements of the KYC Business Rules. Existing customers will be assigned to a KYC Periodic Review Analyst. They will work with the Front Office to determine whether the customer relationship is still required.
If the customer is no longer required, they will work with Operations to offboard the customer. If the Front Office confirms that the relationship is required, they will commence a periodic review. This involves validating the customer information and conducting screening to confirm whether there has been a change to the customer risk rating.
Key accountabilities:
- Review and update KYC profiles for existing customers in a timely manner using internal KYC systems.
- Work with the Front Office to confirm whether business relationships with customers flagged for periodic review are still required.
- Apply the KYC Business Rules with internal policies and procedures to obtain and analyse the necessary documents for the periodic reviews of each customer.
- Review publicly available sources of information to identify any changes to the structure of the customer or our business relationship.
- Work with the Front Office (or customer if appropriate) to source additional documentation if sufficient information is not publicly available.
- Screen the customer and any related parties using KYC screening tools to identify the presence of any additional PEP connections or adverse information since the customer was onboarded or most recently reviewed.
- Prepare and validate PEP/Adverse Information memos with the Front Office when customer and related party screening reveals the presence of new PEP connections or adverse information.
Required Experience:
- Investment Banking experience is essential
- Sound knowledge of KYC procedures and regulatory best practice.
- Thorough knowledge of UK regulations and industry guidance on customer due diligence (2007 Money Laundering Regulations and JMLSG Guidance).
- Experience dealing with medium and high risk entity types.
- Experience dealing with PEP and / or adverse related customer relationships.
- Experience dealing with Front Office staff and / or clients when required to do so)
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