Client Onboarding Analyst- 12 month FTC

THE COMPANY:

Our client is a a global banking group with offices based in the City.  They are looking to hire a Client Onboarding Analyst on a 12 month FTC basis.

THE RESPONSIBILITIES:

• Ensure that due diligence checks on customers and 3rd party relationships are in accordance with the Policies and Procedures (as directed by UK regulations and industry guidance) and in line with department Guides and Manuals.
• Provide KYC/AML/FC advisory support to client coverage and customer services stakeholders.
• Undertake customer and 3rd party risk assessments and be able to recognise red flags; high risk factors such as material PEP’s; material adverse information which may give rise to reputational risk and other financial crime risk triggers. Perform enhanced due diligence and ensure and follow Policies and Procedures for the appropriate escalation.
• Ensure that the material risks are identified, are escalated at the earliest time with appropriate recommendations to mitigate the risks which are articulated appropriately.
• Act as a team player to meet target state of zero backlog.
• No cases to be reporting as overdue.
• Conduct evaluation and review of existing clients and trigger event reviews. The review includes assessment of existing documentation and intelligence held on customers; gathering of documents/information to evidence KYC and KYB requirements for the customer (or third-party relationship).
• Ensure accurate KYC/AML/KYB information is recorded with regards to source of wealth; source of funds; purpose of the account and expected account activity.
• In respect of KYB: engagement with Client Coverage Relationship Managers and the Transaction Monitoring team to ensure a clear understanding of the transactional lookback within the periodic/trigger/offboarding reviews and how that impacts the risk profile of the customer and the relationship.
• Support the client coverage and customer services teams meet legal and regulatory money laundering identification obligations.
• Drive weekly meetings with the Client Coverage to ensure timely completion of ongoing reviews for customers or third-party relationships in accordance with procedures.
• Take ownership and accountability for each case assigned. Ensure end-to-end process visibility and ownership and being able to demonstrate a clear audit trail.
• Daily updates to department logs for MI purposes i.e., SharePoint case management (Master Logs / Connected Parties / PEP Exposure / Issues Log etc); T24; DSX Document storage; Shared Drive folders.
• Champion set tasks / ad-hoc projects for the further enhancement of the department processes/procedures and growth across the bank.
• Screening of clients for Sanctions; PEP’s and Adverse Media through the relevant software used by the bank.  Application of appropriate and consistent decisioning and/or escalation.

EXPERIENCE REQUIRED:

• Experience working in a bank, or a regulated financial institution is required
• Minimum 3+ years’ Onboarding and Reviews experience
• Experience of working within Client Onboarding/Financial Crime with exposure to Money Laundering, Embargo, Sanctions, High Risk Markets would be desirable
• Knowledge of banking and regulatory frameworks.
• Knowledge of banking processes.
• Knowledge of KYC and AML requirements for various customer types.
• Knowledge of the Joint Money Laundering Steering Group (JMLSG) and the Money Laundering Regulations (MLR).

For further information please contact Hannah Tabatabai