KYC Analyst - Private Banking
Role Purpose: The role of the Client On-boarding, KYC/DD is to ensure The Bank is compliant with all relevant UK regulation, London Branch and Group Anti-Financial Crime policies. All new client relationships for London are processed within the team and its performance has a direct impact on the businesses ability to realise revenue opportunities. Consequently, the position involves a high degree of contact with front office stakeholders. The documentation for our new and existing client relationships will require review by the team and any subsequent updates of KYC/CDD/EDD profiles and supporting due diligence checks will be need to be carried out within the agreed TAT/SLA. Initially there will be a certain amount of project work involved with this position, particularly around initiating the process of periodic reviews and updating static data and management information. Review of Client Static Data ensuring details are updated as applicable and relevant, as part of on-going maintenance and client review. Key Accountabilities: The individual will need to demonstrate proven experience of working in a pressurised and delivery focused environment. The candidate will be expected to function with minimal management oversight and meet TAT/SLA targets. The incumbent will undertake complex, sensitive and demanding assignments requiring access to confidential business, financial and commercial information. The incumbent will make strategic recommendations supported by detailed analysis and assist with resolving strategic and operational problems. Issues are of multi-discipline/diverse focus. Relationship & people management: the incumbent will work closely with and facilitate cross-functional teams, as well as providing guidance and assisting staff across the business including the wider COO team. The incumbent will seek guidance and advice from the COO, Head of Account Maintenance Operations, Compliance and business heads on major policy, strategic, sensitive or controversial issues. The primary objective of the role will be to ensure that The Bank's London Branch Client On-boarding Procedures, Anti-Money Laundering and Counter-Terrorist Financing Policy and Operating Guidelines are met and controls are accurately completed. Key responsibilities: New client onboarding, including: Full KYC information and supporting documentation including screening of names and associated parties; Applying the AML risk rating methodology in addition to full compliance with the Group's AML Policy and Procedures; Opening of new accounts on Intellect (and other applicable systems) and other static data requirements within the core Banking system. Periodic reviews of existing clients, including: Annual reviews of High/PEP client relationships and any subsequent updates of KYC/CDD/EDD profiles and supporting due diligence checks including screening of names and associated parties; Reviews of medium clients as above but every 2 years, low risk clients every 3 years. Review of client static data, including: Ongoing management and maintenance of client data standards; Completing/updating PEP Register; Completing/updating Connected Parties Register Central scanning of client files onto their EDMS solution. Frameworks, Boundaries & Decision Making Authority: Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks. Making decisions about information and documentation held in the Bank's records and about their acceptability to satisfy FAB's current AML/KYC policy and procedures. Making decisions about On-boarding & KYC documentation requirements. Referring high-risk issues to the UK MLRO/Deputy, including PEPs, adverse news, sanctions issues and high-risk clients. Qualifications/Experience Sound understanding of the UK regulatory environment with regard to financial crime prevention - FCA Financial Crime Rules & Guidance, UK Money Laundering Regulations, UK Bribery Act, FATF and JMLSG Guidance Secondary School/University degree - preferred in economics, legal, banking or business area or equivalent working experience. Experience operating in a Client On-boarding or KYC Remediation function within a Financial Services organisation, including Static Data and KYC/DD experience. Knowledge of the wide range and complex variety of trust/ SPVs /corporate structures is an advantage. Understanding of USA PATRIOT Act, Bank Secrecy Acts and other AML regulatory frameworks. Analytical skills in respect of a wide variety client types, financial institutions, quoted companies, private companies, HNWIs. Experience of dealing with high risk clients and emerging market jurisdictions. Previous experience of managing and meeting client expectations. Working knowledge of screening systems such as World-Check and Accuity, and Banker's Almanac essential. Ability to work well under pressure with high degree of accuracy. Computer literacy (MS Office). Highly motivated and intuitive individual capable of operating with limited management oversight.
