At a Glance
- Tasks: Join our team to manage customer onboarding and ensure compliance with KYC regulations.
- Company: Multinational banking organisation with a focus on innovation and teamwork.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Other info: Exciting opportunity for growth in a fast-paced financial environment.
- Why this job: Make a real impact in the banking sector while developing your skills in compliance.
- Qualifications: 2+ years in KYC/CDD, strong communication skills, and knowledge of AML/CFT.
The predicted salary is between 40000 - 50000 £ per year.
THE COMPANY: Our client is a multinational banking organisation. They are seeking a CDD and KYC Analyst to join the London team.
THE RESPONSIBILITIES:
- Collate all appropriate documents for Onboarding (OB), Periodical Review (PR), and Triggering Event Review (TER) for both corporate and individual customers.
- Scan supporting source documents to enable electronic viewing.
- Maintain registers for High Risk, Medium Risk, Low Risk, and TER customers, including record‑keeping of all relevant documents.
- Manage Periodic Reviews and Trigger Event Reviews within defined timelines, ensuring compliance with internal policies and regulatory requirements.
- Support the onboarding process by preparing and completing customer onboarding cases under the guidance of the CDD Manager.
- Risk‑classify customers in accordance with the Group’s CRAM approach for both corporate and individual customers.
- Prepare the Enhanced Due Diligence (EDD) template and Customer Due Diligence Management (CDDM) Report for Compliance approval.
- Ensure that beneficial ownership is clearly established with appropriate documentary evidence.
- For high‑risk customers, such as Politically Exposed Persons (PEPs), ensure that the Source of Funds (SOF) and Source of Wealth (SOW) have been adequately established and corroborated in line with relevant requirements and guidelines.
- Conduct all necessary name screenings, assess and determine false or true hits, and document justifications where applicable.
- Investigate CoE alerts generated from the daily name screening platform by conducting appropriate assessments and undertaking TERs related to potential or true name screening hits, seeking necessary approvals within stipulated timelines to close cases.
- Perform web‑based research to identify any material adverse news, which forms an integral part of the review when applicable.
- Liaise promptly with Relationship Managers (RM) to address any KYC deficiencies or updates to documentary or customer information as identified.
- Prepare the appropriate templates for signature by all necessary bank officials (CRA, CSR, and Matrix forms).
- Submit approval requests to the relevant approvers for continuing the business relationship under PR, TER, or OB cases in accordance with the prevailing approval matrix.
EXPERIENCE REQUIRED:
- Minimum 2 years’ relevant experience in a corporate banking or similar environment, specifically within KYC/CDD function, including customer on‑boarding and periodic reviews.
- Exposure to complex ownership structures, including offshore entities, partnerships, trusts and funds, with an understanding of project finance and syndicated loan deals.
- Good understanding and working knowledge of AML/CFT, Sanctions risks.
- Good understanding of the banking/financial products.
- Excellent interpersonal and communications skills with the ability to engage effectively with stakeholders.
CDD and KYC Analyst employer: Compliance Professionals
As a leading multinational banking organisation, our client offers an exceptional work environment in London, characterised by a strong commitment to employee development and a collaborative culture. With comprehensive training programmes and opportunities for career advancement, employees are empowered to grow their skills while contributing to meaningful projects that ensure compliance and enhance customer relationships. The company also values diversity and inclusion, making it an attractive place for professionals seeking a rewarding career in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land CDD and KYC Analyst
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Compliance Professionals. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace CDD and KYC Analyst
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Compliance Professionals.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Compliance Professionals's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Compliance Professionals
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Compliance Professionals.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Compliance Professionals will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Compliance Professionals employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
