KYC & Compliance Officer

THE COMPANY:

We are working with a corporate bank based in the West End of London, who are looking for a KYC & Compliance Officer.

This role is 5 days a week in the office – please only apply if you are able to commit to this.

THE RESPONSIBILITIES:

• Review the Bank’s AML due diligence and Customer Risk Assessments for new account openings. Ensure the business team completes Enhanced Due Diligence (EDD) for all higher-risk customers, including documenting Source of Funds (SoF) and Source of Wealth (SoW). Account openings must not proceed without appropriate senior management approval for PEPs and other designated higher-risk indicators.
• Ensure all customers are screened for sanctions and negative media at on boarding, during KYC reviews, and upon trigger events. Escalate any potential sanction matches or adverse media.
• Review customer account updates completed by the frontline team. Ensure KYC records are up to date and that transaction monitoring is effective. Investigate and escalate any anomalies in accordance with the Bank’s AML and CFT procedures.
• Ensure that all Bank departments comply with regulatory and policy requirements through periodic controls testing.
• Assist in reviewing payments referred to Compliance. This includes verifying transactions against Bank policies and procedures, validating sources of funds and beneficiaries to ensure compliance with sanctions, embargoes, and Bank-imposed restrictions.
• Ensure timely review of customer accounts that are due based on their AML risk profile. Analyse account activity for transactions outside the expected profile.
• Assist with investigations into Suspicious Activity Reports (SARs) submitted by staff and prepare disclosure reports to the NCA, as required.
• Help manage payment screening queues and conduct weekly scans of the customer database to ensure compliance with OFAC, UN, EU, and UK sanctions and embargoes.
• Oversee KYC updates during trigger events, such as before a dormant account is reactivated or closed.
• Keep senior management informed of developments in relevant laws, regulations, and guidelines that impact the Bank’s AML risk and control framework.
• Assist in maintaining and reviewing the Bank’s internal compliance procedures manual—especially those related to AML and CFT—as well as related staff guidance.
• Identify and perform EDD on higher-risk customers, including PEPs and those linked to high-risk business sectors or countries flagged by the Bank.
• Ensure all customer AML risk scores accurately reflect the Bank’s exposure to money laundering.

EXPERIENCE REQUIRED:

• 2+ years AML/ KYC experience in a bank environment.
• Solid understanding of complex overseas corporate structures and the EDD needed for these customers.
• Ability to commute to the office 5 days a week.
• Right to work in the UK – No Sponsorship for this position.

For further information please contact Jordan White