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For Companies At a Glance
- Tasks: Conduct due diligence on clients and assess financial risks.
- Company: Join a fast-growing Fintech company based in London.
- Benefits: Enjoy remote work flexibility and competitive salary between £50,000 - £60,000.
- Why this job: Be part of a dynamic team making a real impact in the financial sector.
- Qualifications: Degree required; 2-3 years KYC experience preferred.
- Other info: Ideal for those passionate about compliance and financial services.
The predicted salary is between 42500 - 67500 £ per year.
Our rapidly expanding client is a Fintech business in London looking to build out a large KYC AML team as their business continues to grow within the market. Ideally, the client is looking for people to start as early in 2022 as possible.
Responsibilities:
- Performing due diligence on new Clients, requesting KYC information, documentation, reviewing and verifying received documentation, and making an analytical risk assessment for new Clients.
- Thoroughly and succinctly document the research and analysis related to the financial activity and related entities of Clients, for an audience that includes Management, Regulators, Internal Audit, Senior Managers, and Internal Compliance.
- Periodically evaluate existing Clients according to established policies and procedures.
- Review KYC records for completeness, ensuring that due diligence has been performed and that CBC standards are complied with; also ensuring that files and risk assessments are current and up to date.
- Investigate high-risk clients and report where necessary, including Politically Exposed Persons, and obtain all necessary documentation to complete the client file.
- Process entries to open/close clients’ accounts on our KYC / Related Parties and CDD database, and instruct Client Desk to open/close the accounts on an account level in Equation where applicable.
- Maintain continuous contact with customers to keep customer files updated.
- Process amended client records on our KYC / RP and CDD database.
- Communicate effectively and efficiently with relevant internal and external parties to obtain KYC documents.
- Have a thorough understanding of clients’ business and related parties to monitor clients’ activities for unusual transactions.
Qualifications:
- Degree in a suitable subject.
- 2-3 years of experience in a similar position.
- Demonstrated experience in KYC work within the financial services industry.
- Good understanding of AML and CTF frameworks.
- Banking/Hedge fund industry and/or Trust business experience is an advantage.
- Experience with AML monitoring and screening is an advantage.
- Compliance qualification is an advantage.
- Strong research and analytical skills.
- Excellent communication skills in English, both verbal and written.
- Good planning and time management/prioritisation skills.
- Perform further investigation on identified suspicious clients and client transactions and report to the KYC/AML compliance officer.
KYC Analyst - Remote employer: BCT Resourcing
Contact Detail:
BCT Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land KYC Analyst - Remote
✨Tip Number 1
Familiarise yourself with the latest KYC and AML regulations. Understanding the current legal landscape will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for a KYC Analyst role.
✨Tip Number 2
Network with professionals in the fintech and financial services sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even referrals for the KYC Analyst position.
✨Tip Number 3
Brush up on your analytical skills by practising case studies related to risk assessment and due diligence. Being able to showcase your analytical thinking during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples of your past KYC experiences. Think about challenges you've faced and how you resolved them, as this will show your practical knowledge and problem-solving abilities in real-world scenarios.
We think you need these skills to ace KYC Analyst - Remote
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in KYC and AML. Use specific examples from your previous roles that demonstrate your analytical skills and understanding of compliance frameworks.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your motivation for applying to this role. Mention your experience in the financial services industry and how it aligns with the responsibilities of the KYC Analyst position.
Highlight Relevant Skills: In your application, emphasise your strong research and analytical skills, as well as your excellent communication abilities. These are crucial for effectively documenting and reporting on client activities.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, as attention to detail is vital in KYC roles.
How to prepare for a job interview at BCT Resourcing
✨Know Your KYC Basics
Make sure you have a solid understanding of KYC (Know Your Customer) principles and AML (Anti-Money Laundering) regulations. Brush up on the latest trends and challenges in the fintech space, as this will show your potential employer that you're not just familiar with the basics but also aware of the current landscape.
✨Demonstrate Analytical Skills
Prepare to discuss specific examples from your past experience where you've successfully performed risk assessments or due diligence. Highlight your analytical skills by explaining how you approached complex cases and what methodologies you used to arrive at your conclusions.
✨Effective Communication is Key
Since the role involves communicating with various stakeholders, practice articulating your thoughts clearly and concisely. Be ready to explain how you would document your findings for different audiences, including management and regulators, ensuring you can adapt your communication style as needed.
✨Showcase Your Research Skills
Be prepared to discuss your research methods and tools you’ve used in previous roles. Whether it's databases, online resources, or networking, demonstrate how you gather and verify information about clients, especially high-risk ones, to ensure compliance with KYC standards.
