CDD and KYC Analyst

THE COMPANY:

Our client is a multinational banking organisation.  They are seeking a CDD and KYC Analyst to join the London team.

THE RESPONSIBILITIES:

• Collate all appropriate documents for Onboarding (“OB”), Periodical Review (“PR”), and Triggering Event Review (“TER”) for both corporate and individual customers.
• Scan supporting source documents to enable electronic viewing.
• Maintain registers for High Risk, Medium Risk, Low Risk, and TER customers, including record-keeping of all relevant documents.
• Manage Periodic Reviews and Trigger Event Reviews within defined timelines, ensuring compliance with internal policies and regulatory requirements.
• Support the onboarding process by preparing and completing customer onboarding cases under the guidance of the CDD Manager.
• Risk-classify customers in accordance with the Group’s CRAM approach for both corporate and individual customers.
• Prepare the Enhanced Due Diligence (EDD) template and Customer Due Diligence Management (CDDM) Report for Compliance approval.
• Ensure that beneficial ownership is clearly established with appropriate documentary evidence.
• For high-risk customers, such as Politically Exposed Persons (PEPs), ensure that the Source of Funds (SOF) and Source of Wealth (SOW) have been adequately established and corroborated in line with relevant requirements and guidelines.
• Conduct all necessary name screenings, assess and determine false or true hits, and document justifications where applicable.
• Investigate CoE alerts generated from the daily name screening platform by conducting appropriate assessments and undertaking TERs related to potential or true name screening hits, seeking necessary approvals within stipulated timelines to close cases.
• Perform web-based research to identify any material adverse news, which forms an integral part of the review when applicable.
• Liaise promptly with Relationship Managers (RMs) to address any KYC deficiencies or updates to documentary or customer information as identified.
• Prepare the appropriate templates for signature by all necessary bank officials (CRA, CSR, and Matrix forms).
• Submit approval requests to the relevant approvers for continuing the business relationship under PR, TER, or OB cases in accordance with the prevailing approval matrix.

EXPERIENCE REQUIRED:

• Minimum 2 years’ relevant experience in a corporate banking or similar environment, specifically within KYC/CDD function, including customer on-boarding and periodic reviews.
• Exposure to complex ownership structures, including offshore entities, partnerships, trusts and funds, with an understanding of project finance and syndicated loan deals.
• Good understanding and working knowledge of AML/CFT, Sanctions risks.
• Good understanding of the banking/financial products.
• Excellent interpersonal and communications skills with the ability to engage effectively with stakeholders.

For further information please contact Natalie Eshelby