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- Tasks: Join us as a KYC and Client Onboarding Associate, ensuring client compliance and mitigating financial crime risks.
- Company: Be part of a leading banking institution committed to excellence and integrity.
- Benefits: Enjoy a hybrid work model with flexibility and opportunities for professional growth.
- Why this job: Make a real impact in the banking sector while developing your analytical and communication skills.
- Qualifications: Degree level education required; project management qualifications preferred.
- Other info: Collaborate with global teams and gain exposure to diverse financial operations.
The predicted salary is between 36000 - 60000 £ per year.
Job Title: KYC and Client Onboarding – Associate
Industry: Banking
Location: HEX (Harbour Exchange)
Hybrid: 2 days in the office
Our client, a leading banking institution, is seeking a dynamic and detail-oriented individual to join their team as a KYC and Client Onboarding – Associate. In this role, you will play a crucial part in protecting the Bank by identifying financial crime and sanctions risks associated with the onboarding of new clients. You will also conduct periodic due diligence on existing clients, utilising a risk-based approach.
Responsibilities:
- Process client KYC files related to the onboarding of new clients, ensuring accuracy and completeness.
- Investigate and document the client’s ownership structure and ultimate beneficial owner.
- Identify and investigate any associated politically exposed persons (PEPs), providing detailed rationale for their materiality and classification.
- Examine and classify negative news articles, including ongoing monitoring of serious negative news articles.
- Check and escalate any sanctions-related exposure and assess the purpose and nature of the client’s engagement and underlying business profile.
- Review and validate KYB answers provided by Relationship Managers, ensuring quality, consistency, accuracy, and suitability of client documentation.
- Evaluate the RAM (Risk Assessment Matrix) calculation and consider its suitability, providing recommendations for a RAM override when necessary.
- Collaborate closely with Relationship Managers based in London, Hong Kong, and the USA.
- Interact with other EMEA FCMO (Financial Crime Management Operations) teams during the processing of Group Introductory Certificates.
- Liaise with the CPD Financial Crime Group (MLRO/Sanctions/Forensic) for guidance and escalation.
- Coordinate with other OAD operational teams regarding new account openings for time-critical deals and product-related information.
- Provide periodic management information (MI) on the status of files and ACCORD (KYC system) to the FCMO KYC Supervisors.
Qualifications:
- Educated to a degree level.
- Industry-recognised modern programme and project management qualification such as MSP, PMP, or APM (preferred).
- Change Management qualifications (desirable), such as APMG or ADKAR.
The successful candidate will have strong analytical skills, excellent attention to detail, and the ability to work independently in a fast-paced environment. They will be proactive, adaptable, and possess effective communication skills to collaborate with various stakeholders.
Join our client’s team and contribute to their ongoing efforts to ensure compliance and mitigate financial crime and sanctions risks. Apply now to be considered for this exciting opportunity.
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KYC and Client Onboarding - Associate employer: Adecco
Contact Detail:
Adecco Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land KYC and Client Onboarding - Associate
✨Tip Number 1
Familiarize yourself with KYC regulations and financial crime prevention strategies. Understanding the legal framework and best practices will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Network with professionals in the banking and compliance sectors. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Stay updated on current trends in financial crime and sanctions. Being knowledgeable about recent developments will show your commitment to the field and your ability to adapt to changes.
✨Tip Number 4
Prepare for situational interview questions by practicing how you would handle specific scenarios related to KYC and client onboarding. This will help you articulate your thought process and problem-solving skills effectively.
We think you need these skills to ace KYC and Client Onboarding - Associate
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the KYC and Client Onboarding - Associate position. Tailor your application to highlight relevant experiences and skills.
Highlight Relevant Experience: In your CV and cover letter, emphasize any previous experience in KYC, client onboarding, or financial crime management. Use specific examples to demonstrate your analytical skills and attention to detail.
Showcase Your Qualifications: If you have industry-recognized qualifications such as MSP, PMP, or APM, be sure to mention them prominently in your application. This will help you stand out as a qualified candidate.
Tailor Your Cover Letter: Write a personalized cover letter that addresses the specific requirements of the job. Mention your ability to work independently in a fast-paced environment and your effective communication skills, as these are crucial for the role.
How to prepare for a job interview at Adecco
✨Understand KYC Fundamentals
Make sure you have a solid grasp of KYC (Know Your Customer) principles and the importance of client onboarding in the banking sector. Be prepared to discuss how you would approach identifying financial crime risks and the steps you would take to ensure compliance.
✨Showcase Analytical Skills
Highlight your analytical skills during the interview. Prepare examples of how you've successfully investigated ownership structures or assessed risks in previous roles. This will demonstrate your ability to handle the responsibilities of the position effectively.
✨Familiarize Yourself with Regulatory Standards
Research the relevant regulations and standards that govern KYC and client onboarding processes. Being knowledgeable about these will show your commitment to compliance and your understanding of the industry's best practices.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions where you may need to explain how you would handle specific situations, such as dealing with politically exposed persons or negative news articles. Practice articulating your thought process and decision-making criteria clearly.
