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- Tasks: Verify due diligence info and assess risks for new accounts.
- Company: Join a leading insurance firm in London focused on compliance and market security.
- Benefits: Enjoy a full-time role with opportunities for growth and development.
- Why this job: Be part of a dynamic team making impactful decisions in a fast-paced environment.
- Qualifications: Previous experience in Due Diligence or Compliance is essential; strong IT skills required.
- Other info: Ideal for proactive individuals who thrive under pressure and value teamwork.
The predicted salary is between 28800 - 43200 £ per year.
Reports to: Director – Due Diligence & Market Security (DDMS) Location: London Key Responsibilities & Accountabilities: Verification of Due Diligence information received, at initial Account onboarding, and later at Due Diligence reaffirmation stage through Internet searches and applications. Using Sanctions & Regulatory Checking database (World Check) to establish if there are reputational or sanction related issues. To form a risk-based decision that is appropriate and auditable and create applicable BMS broking system accounts thereafter. Ensure that during the process, any identified ‘High Risk’ cases from due diligence or sanction exposure are escalated to DDMS management. Ensure that during the process, any identified ‘Politically Exposed Persons or State-Owned Entities are correctly identified and recorded within World Check and escalated within DDMS as appropriate. To follow department rules and procedures to ensure that Due Diligence performed and reaffirmed, is in line with the timescales within the company procedures. To produce reports or statistics as and when requested. Ensure excellent service and compliance using meticulous checking and organisation. Advising the business day-to-day as required on policy application and interpretation – e.g. customer due diligence requirements. Assist with specific departmental projects as required. Adhere to company and regulatory policies, procedures together with mandatory training requirements. Minimum Requirements: Previous experience within a Due Diligence/KYC/Compliance environment, preferably with a Lloyds broker or within Financial Services. Knowledge and use of sanction checking software e.g. World Check. Experience of the technical tasks listed under key responsibilities & accountabilities. Understanding of regulation and legislation requirements. Excellent IT skills and ability to pick up new systems quickly. Self-motivated. Forward thinker and planner; proactive and uses initiative. Adapts and responds well to change and pressure. Ability to perform effectively to tight deadlines with good personal organisation and time management skills. Communicates clearly; effectively contributes to the team and interacts with others. Personally demonstrate the five BMS values and ensure that team members are aligned with these: Accountable Empowering Seniority level Associate Employment type Full-time Job function General Business Industries Insurance #J-18808-Ljbffr
Contact Detail:
BMS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Due Diligence Analyst
✨Tip Number 1
Familiarise yourself with the key responsibilities of a Junior Due Diligence Analyst. Understanding the specific tasks, such as using World Check and performing risk assessments, will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Network with professionals in the compliance and due diligence sectors. Attend industry events or join relevant online forums to connect with people who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Stay updated on the latest regulations and legislation related to due diligence and KYC. Being knowledgeable about current trends will not only boost your confidence but also show potential employers that you are proactive and well-informed.
✨Tip Number 4
Prepare for situational interview questions by thinking of examples from your past experiences where you demonstrated excellent organisation and time management skills. This will help you convey your ability to handle tight deadlines effectively.
We think you need these skills to ace Junior Due Diligence Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Due Diligence, KYC, or Compliance. Emphasise any previous roles within financial services or with Lloyds brokers, and showcase your familiarity with sanction checking software like World Check.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Junior Due Diligence Analyst position. Mention specific skills that align with the job description, such as your ability to perform risk-based assessments and your understanding of regulatory requirements.
Showcase Relevant Skills: Highlight your excellent IT skills and your ability to adapt to new systems quickly. Provide examples of how you've effectively managed tight deadlines and maintained organisation in previous roles.
Demonstrate Teamwork and Communication: Illustrate your ability to communicate clearly and work collaboratively within a team. Mention any experiences where you contributed to team goals or advised on policy application, as this aligns with the responsibilities of the role.
How to prepare for a job interview at BMS Group
✨Know Your Due Diligence Basics
Make sure you brush up on your knowledge of due diligence processes, especially in relation to KYC and compliance. Be prepared to discuss your previous experience in these areas and how it relates to the responsibilities of the Junior Due Diligence Analyst role.
✨Familiarise Yourself with World Check
Since the role involves using sanction checking software like World Check, it’s crucial to understand how it works. If you have experience with it, be ready to share specific examples of how you've used it in past roles.
✨Demonstrate Your Analytical Skills
The ability to form risk-based decisions is key in this position. Prepare to discuss scenarios where you had to analyse information and make decisions based on your findings. Highlight your attention to detail and how you ensure compliance.
✨Showcase Your Communication Skills
Effective communication is vital in this role, especially when advising the business on policy application. Be ready to provide examples of how you've communicated complex information clearly and effectively in previous positions.
