Senior Onboarding and CDD Analyst

The Onboarding Compliance and Assurance (OCA) team within the Regulation and Compliance Department is primarily responsible for the compliance aspects of onboarding new business relationships and ongoing due diligence in relation to LME’s core business relationships, including Members, market data customers, warehouse companies and others.

Responsibilities:

• Ensure the compliance aspects of LME and LME Clear’s onboarding process remain fit for purpose and operate effectively, including as the business evolves and in light of relevant regulatory change.
• Track the work of the team, allocate work appropriately and ensure an efficient turnaround of work.
• Engage with prospective business relationships alongside Relationship Management, confirming LME Group’s expectations concerning the onboarding process.
• Ensure appropriate customer due diligence ("CDD") is performed for each business relationship, in accordance with procedures, at the outset and on an ongoing basis.
• Liaise with internal stakeholders as necessary and promptly escalate identified issues where required.
• Maintain a clear, complete and consistent audit trail in line with procedures and provide quality control for junior team members.
• Manage junior team members, providing guidance, support and stretch to ensure they contribute appropriately to the success of the team.
• Delegate effectively to ensure optimum allocation of work.
• Contribute to structured memos that accurately and concisely highlight all relevant factors relating to membership applications and how each membership criteria has been met.
• Ensure creation and review of departmental policies and procedures is carried out accurately and to time.
• Keep abreast of the compliance and regulatory landscape to apply a proactive approach in the event of relevant regulatory change.
• Identify and consider potential risks to the business and strive to enhance the robustness and efficiency of the onboarding process.
• Assist in the identification of appropriate onboarding solutions for other LME Group initiatives.
• Coordinate the completion of the annual due diligence programme (ADD) for LMEC.
• Participate and oversee the administration of the LME Group Incentive programmes as required by the business.
• Perform any additional tasks required to ensure a consistent service to both internal and external stakeholders.

PERSON SPECIFICATION:

Academic and Professional Qualifications Required:

• Preferably educated to degree level.
• Financial services or legal background preferred.
• Formal certifications in AML/Financial Crime desirable.
• An understanding of trading, trade processing or the metals industry advantageous.

Required Knowledge and Level of Experience:

• Excellent knowledge of CDD and KYC requirements in respect of the Money Laundering Regulations and the Joint Money Laundering Steering Group.
• Strong Anti-Money Laundering knowledge and how the variance of risks presented may be treated.
• Thorough understanding of the regulatory landscape in the context of Financial Crime Prevention and the Money Laundering regulations.
• Comprehensive knowledge of risk factors such as international sanctions and PEPs.
• Highly experienced user of World-Check One.

Skills set and Core Competencies Required for Role:

• Excellent written and verbal communication skills.
• High attention to detail alongside accuracy and diligence.
• Presentable, articulate and eloquent.
• Proactive, positive and solution-oriented approach to team tasks and duties.
• Confident communicator at all levels and effective stakeholder engager.
• Process driven - applying knowledge with proportionality and pragmatism.
• Motivated individual with the ability to demonstrate initiative.
• Ability to work independently; take ownership of delegated tasks and execute them to a high standard and in a timely manner.
• Highly organised and able to multi-task.

Personal Qualities:

• Team player that always treats colleagues and external stakeholders with dignity and respect.
• Trustworthy, ethical person with honesty and integrity.
• Accountable for own actions as well as for the OCA team’s activities.
• Punctual and personable.

The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression and reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. In doing so, we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.