KYC Analyst | London, UK | Job Vacancy | BACB

KYC Analyst

Employment TypePermanent
TypeFull time
LocationLondon, UK

Description

JOB SUMMARY:

Partnering with staff in the Front Office, Compliance, Anti Financial Crime (AFC) and Operations departments to ensure that BACB Knows its Customers, operates appropriate systems and controls to prevent Money Laundering and maintains client documentation, in a manner consistent with the standards required by the UK Regulatory Authorities and Best Practices in the prevention of financial crime.

To provide support and assistance to Front Office staff for the On boarding of new to bank clients and the completion of periodic reviews and ongoing client screening in line with regulatory obligations and BACB internal policies and procedures.

KEY WORK OUTPUT AND ACCOUNTABILITIES:

Key tasks and responsibilities will include (but are not limited to):

  • Full compliance and understanding of BACB’s KYC, Sanctions and screening procedures, including the KYC documentation requirements and sources of information to retrieve KYC information.
  • Review and analysis of account opening proposals and supporting KYC documents for compliance with UK regulatory and sanctions regime requirements.
  • Completion of risk assessment for all new to bank and periodic review clients in an accurate and informed manner.
  • Recognise high risk files, PEP’s, adverse information, reputational risk and other compliance/financial crime risk triggers - undertake enhanced due diligence on these files and escalate where necessary.
  • Provide On boarding Control / AFC (or relevant escalation team) with accurate KYC / Due Diligence for final review and sign-off.
  • Identify and carry out Trigger Event reviews as required.

REQUIRED QUALIFICATIONS AND EXPERIENCE:

A LevelsMinimum of two years’ experience within the KYC/ AML/ Financial Crime Banking sector.Analytical skills in respect of a wide variety of client types including Financial

Institutions, PLC’s, Corporates, SPV’s, Trusts, Funds. Previous experience in relation to EDD/ PEP (high Risk) on boarding is essential.

Understanding of the UK regulatory environment with regard to financial crime

prevention (FCA, UK Money Laundering Regulations, UK Bribery act, FATF, JMLSG Guidelines).

Ability to work to deadlines with a high degree of accuracy.Working knowledge of screening systems such as RDC, World Check, Bankers Almanac, SWIFT KYC Registry.


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