Senior Associate - Customer Due Diligence

Financial Crime Operations department is responsible for ensuring that all financial crime risks in Bank of China (UK) Limited and Bank of China Limited London Branch (jointly referred to as the Bank) are identified, managed or mitigated within the first line of defence (1LoD). A key component of the department’s coverage is responsibility for the Bank’s operational adherence to the UK regulatory requirements, namely with regards to Customer Due Diligence (CDD), Fraud Prevention and Management, Sanctions Screening, Transaction Monitoring and the provision of adequate training and support to the front line business. As a Senior Associate – Customer Due Diligence, you will be responsible to undertake customer risk assessments taking into consideration all types of financial crime risks, to ensure the Bank has in-depth understanding of its customer database and the controls in place to mitigate the risks identified. As part of the 1LoD, you will have a customer centric mind-set in providing best outcomes to the internal and external clients. This is a full time permanent position. Key responsibilities Complete customer risk assessments with regards to Retail, Corporate, Wholesale and Financial Institutions Complete onboarding, periodic reviews and event driven (Trigger Reviews) reviews Conduct PEP, Sanctions and adverse media searches with appropriate discounting of risk Establish a professional and mutually beneficial working relationship with the frontline and the second line of defence (2LoD) to enhance clients’ experience Ensure that tasks are completed in a timely fashion and as efficiently as possible Collaborate with CDD team to improve overall quality and efficiency Complete customer files to agreed standards and to the Bank’s CDD policies and procedures Keeping accurate records and Management Information on clients Requirements Degree educated in Finance, Business or other equivalent Demonstrated AML/KYC/CDD experience in either client onboarding, periodic reviews, remediation projects including audit Experience in analysing complex ownership structures; SPV\’s, Hedge Funds and Trusts Solid awareness of the UK’s financial crime legal and regulatory framework including JMLSG guidance Good critical thinking and investigative skills Ability to adapt to different situations and a quick learner Attention to detail Team player who is able to work independently Able to work under pressure Excellent communication skills with ability to interact confidently with the frontline and other stakeholders Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally. #J-18808-Ljbffr