At a Glance
- Tasks: Conduct quality assurance reviews on KYC processes and ensure compliance with regulations.
- Company: Prestigious private bank with a strong presence in the UK.
- Benefits: Competitive pay, professional development, and a dynamic work environment.
- Other info: Opportunity to work in a collaborative team and enhance your career.
- Why this job: Join a leading bank and play a crucial role in financial crime compliance.
- Qualifications: 5+ years in KYC/AML and 2+ years in Quality Assurance preferred.
The predicted salary is between 60000 - 75000 £ per year.
4 days in the office. A prestigious private bank with a significant and growing presence in the UK is seeking a KYC Quality Assurance Analyst (Contract Role).
About the Role
The KYC Quality Assurance (QA) Contractor will be working on behalf of the Financial Crime Compliance team, and will perform independent, risk-based QA reviews on periodic reviews completed by the KYC Advisory team on clients across all risk ratings.
Key Responsibilities
- Client Due Diligence (CDD) and Enhanced Due Diligence (EDD): Validate compliance with KYC/CDD standards: client identification, verification, beneficial ownership, control structures, source of wealth (SoW), source of funds (SoF), expected activity, screening (sanctions/adverse media/PEP), and risk rating rationale.
- Assess documentation sufficiency, quality, and currency; challenge gaps and ensure remediation is tracked to closure.
- Review, verify, and challenge risk assessments and periodicity alignment with policy.
- Perform quality checks on name screening clearance, PEP, Sanctions and adverse media disposition.
- Validate that EDD requirements for High Risk/PEP clients are appropriately scoped, evidenced, and approved.
- Test adherence to procedures, data quality, and control effectiveness; elevate control weaknesses and potential policy breaches.
- Produce clear QA findings, ratings, and actionable feedback; communicate results to KYC Analysts and Team Leads.
Management Information (MI) and Reporting:
- Assist management in the preparation and analysis of Compliance MI, providing insights into trends, risks, and areas for improvement.
- Support the development and maintenance of dashboards and reports to track financial crime compliance performance.
About You
- 5+ years’ experience in KYC/AML within private banking or wealth management; 2+ years in Quality Assurance, Quality Control, or 2LoD testing preferred.
- Strong knowledge of KYC/CDD frameworks for private banking clients: complex ownerships, trusts/foundations, holding structures, family offices, offshore jurisdictions, SoW/SoF assessment, and PEP/High Risk handling.
- Familiarity with sanctions screening, adverse media methodologies, PEP classification, and EDD standards.
- Experience with regulatory expectations (e.g., FATF, local regulations) and audit/compliance testing interactions.
KYC Quality Assurance (Contract Role) in London employer: Compliance Professionals
As a leading wealth management firm in Greater London, we pride ourselves on fostering a collaborative work environment that prioritises compliance excellence and professional growth. Our commitment to employee development is reflected in our comprehensive training programmes and supportive culture, making us an ideal employer for compliance professionals seeking meaningful and rewarding careers in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land KYC Quality Assurance (Contract Role) in London
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We think you need these skills to ace KYC Quality Assurance (Contract Role) in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
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How to prepare for a job interview at Compliance Professionals
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Compliance Professionals.
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✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
