At a Glance
- Tasks: Analyse client onboarding and financial crime risks while collaborating with stakeholders.
- Company: Join a leading global fintech banking group with a focus on innovation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth and involvement in key AML projects.
- Why this job: Make a real impact in financial crime prevention and compliance.
- Qualifications: Experience in CDD or EDD within financial services and strong analytical skills.
The predicted salary is between 50000 - 60000 £ per year.
THE COMPANY: Our global fintech banking group is looking for an EDD Analyst. Candidates MUST have knowledge of EDD onboarding in Correspondent Banking, EMI’s or Payments firms.
THE RESPONSIBILITIES:
- Liaising with relevant Relationship Managers, prospects and clients when onboarding new entities, undertaking periodic reviews of existing clients, and at other points of the client lifecycle.
- Analysing onboarding and periodic review questionnaires and the sufficiency of the financial crime programmes of prospective and existing clients.
- Undertaking assessments of the risks posed to the Business by prospective and existing clients, both using the Customer Risk Assessment model at onboarding and periodic refresh as well as through qualitative assessment as part of targeted reviews, onsite visits, transaction monitoring results and escalations.
- Managing and maintaining the process for all aspects of CDD and EDD at onboarding and at periodic review, including driving the process to completion.
- Undertaking all necessary standalone economic sanctions, PEP and adverse media screening on clients and the applicable associated parties.
- Conducting on-site visits to clients to assess their financial crimes programme in order to form a view as to the risks posed to the firm.
- Identifying areas of high or unacceptable risk and assessing the suitability of clients subject to the Special Interest Client and Excessive Fraud programmes.
- Producing management information in relation to onboarding, periodic review, transaction monitoring, onsite visits and the client portfolio.
- Presenting case summaries, client escalations and management information to a senior audience, including the AML Committee, as and when required.
- Fostering a positive ongoing engagement with internal and external stakeholders and clients.
- Undertaking assigned Business Risk Management project work or relevant tasks as given by the Director of AML Business Risk.
EXPERIENCE REQUIRED:
- Experience in a CDD or EDD function within a financial services firm.
- Strong experience of correspondent banking or payment intermediaries, including e-money institutions.
- The ability to analyse client documentation including organisational charts and complex ownership structures to identify beneficial ownership and to assess the sufficiency of policies and procedures.
- Experience liaising with the business regarding key AML matters.
- Able to articulate understanding of relevant regulations and guidelines particularly the Money Laundering Regulations 2017, Proceeds of Crime Act 2002, Terrorism Act 2000 and the SAR reporting regime.
EDD Analyst employer: Compliance Professionals
As a leading global fintech banking group, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and development. Our EDD Analysts benefit from comprehensive training programmes, collaborative teamwork, and the opportunity to engage with diverse clients across the financial services landscape, all while working in a vibrant location that encourages innovation and professional advancement.
StudySmarter Expert Advice🤫
We think this is how you could land EDD 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 EDD 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.
