At a Glance
- Tasks: Support Private Banking with KYC compliance and customer due diligence.
- Company: Join EAB Private Bank, a leader in private banking services.
- Benefits: Gain valuable experience in a dynamic financial environment.
- Other info: Opportunity for professional growth and development in a supportive team.
- Why this job: Make a real impact in financial crime prevention and client onboarding.
- Qualifications: 5+ years in Private Banking KYC and experience with high-net-worth clients.
The predicted salary is between 50000 - 60000 € per year.
An opportunity has arisen within EAB Private Bank for the temporary assignment of an experienced KYC Analyst for a period of 6 months.
Role Overview: The purpose of this role is to support the Private Banking department in the completion of initial and ongoing Customer Due Diligence responsibilities ensuring compliance with the Bank’s Policies and Procedures to defined standards of timeliness and quality.
Duties & Responsibilities:
- Work with the Relationship Managers and support the on-boarding of clients (both Individuals and Non Personal/SPVs/Funds/Charities) as per the Bank's policies and procedures.
- Work with the Relationship Managers to review the PB client files on a regular basis as per the Bank’s KYC standards.
- Perform the appropriate due diligence (including Enhanced Due Diligence) on the PB client accounts by obtaining all required information from internal and/or external sources, carrying out media searches using open source websites, company websites, Banker’s Almanac, Lexis Nexis, and also system screening such as World Check etc.
- Ensure the PB KYC records, including information from internal and external sources obtained throughout the AML customer life cycle from on-boarding to periodic reviews, in the Bank's systems are accurate, thorough and up-to-date.
- Review and validate the information within the Bank’s core system to ensure completeness and accuracy.
- Escalate any discrepancies to the Relationship Manager for agreement on actions required.
- Meet agreed targets for the PB KYC reviews in terms of timeframe and quality.
- As part of the Private Banking team, act as the first line of defence for the Bank.
- Responsible for the accurate execution of Financial Crime Prevention controls in accordance with the Bank's policies and procedures as applicable to the role.
- Track outstanding queries and issues through to timely resolution.
- Ensure actions are tracked and monitored to support the delivery of accurate MI.
- Assist in departmental projects as required.
- Proactively interact with relationship management team, QA & Control Manager for PB, and Compliance.
- Being vigilant to unusual or suspicious behaviour by our customers and to report any suspicion to the MLRO.
- Ensure adherence to the Bank’s AML, Financial Crime and Anti-Terrorism policies and procedures.
- Maintain knowledge of all applicable regulatory, KYC requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these to avoid exposing the Bank to undue risk.
- Report policy, procedure and/or regulatory breaches or suspicions to the Risk and/or Compliance departments in line with the Bank’s policies.
- Accurately execute all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.
- Identify new risks/control gaps and escalate accordingly to your Line Manager and/or Head of Department.
- Ensure customer complaints are managed in line with the Bank's procedures.
Qualifications, Skill & Experience Required:
- 5 or more years in a Private Banking KYC role essential
- Experience with HNW & UHNW clients essential
- ICA or equivalent AML Compliance qualifications advantageous
- Arabic fluency advantageous
Private Banking KYC in London employer: Europe Arab Bank
EAB Private Bank is an exceptional employer, offering a dynamic work environment that prioritises compliance and customer service excellence. With a strong focus on employee development, we provide opportunities for growth within the Private Banking sector, ensuring our team members are equipped with the latest knowledge in KYC and AML regulations. Located in a vibrant financial hub, we foster a collaborative culture where every employee's contribution is valued, making it a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Private Banking KYC in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector, especially those in Private Banking. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on KYC regulations and the latest trends in financial crime prevention. We want you to be the go-to expert when discussing your experience with HNW and UHNW clients!
✨Tip Number 3
Showcase your skills! Create a portfolio that highlights your past KYC projects and successes. This will help you stand out and demonstrate your ability to meet the Bank's standards of timeliness and quality.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Private Banking KYC in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Private Banking KYC role. Highlight your experience with HNW and UHNW clients, and any relevant qualifications like ICA or AML Compliance. We want to see how your skills match what we're looking for!
Showcase Your Experience:In your cover letter, give us a sneak peek into your past KYC roles. Share specific examples of how you've handled customer due diligence and compliance tasks. This will help us understand your hands-on experience in the field.
Be Clear and Concise:When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate straightforward communication, especially when it comes to complex topics like KYC and compliance.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you're keen on joining the StudySmarter team!
How to prepare for a job interview at Europe Arab Bank
✨Know Your KYC Basics
Make sure you brush up on your KYC knowledge before the interview. Understand the key regulations and procedures that govern customer due diligence, especially in private banking. Being able to discuss these confidently will show that you're serious about the role.
✨Showcase Your Experience with HNW Clients
Since this role involves working with high-net-worth and ultra-high-net-worth clients, be prepared to share specific examples from your past experience. Highlight any challenges you faced and how you overcame them, as this will demonstrate your capability in handling complex client situations.
✨Familiarise Yourself with Tools and Resources
Get to know the tools mentioned in the job description, like World Check and Lexis Nexis. If you have experience using these or similar platforms, be ready to discuss how you've utilised them in your previous roles to perform due diligence effectively.
✨Prepare Questions for the Interviewers
Think of insightful questions to ask during the interview. This could be about the team dynamics, the specific challenges they face in KYC compliance, or how they measure success in this role. Asking thoughtful questions shows your genuine interest in the position and helps you assess if it's the right fit for you.
