At a Glance
- Tasks: Support client onboarding and KYC processes while ensuring compliance with regulations.
- Company: Join ICBC Standard Bank, a leading global financial markets and commodities bank.
- Benefits: Flexible work environment, competitive rewards, and opportunities for personal growth.
- Other info: Dynamic workplace with a focus on continuous improvement and collaboration.
- Why this job: Make a real impact in a diverse team and develop your skills in finance.
- Qualifications: 1-2 years of KYC experience and strong communication skills required.
The predicted salary is between 36000 - 60000 £ per year.
The Client Onboarding and KYC teams have a mandate to proactively support the Front Office in relation to the onboarding of all prospective new clients, with specific responsibility for documenting clients in line with derivative regulation, as well as assisting in the Periodic Client Review space.
Client Onboarding and KYC are also the first line of defence against Money Laundering and Bribery products and regulatory classifications:
- Work closely with Front Office and the Client to facilitate onboarding requests;
- Orchestrate the end to end onboarding of a prospective client;
- Move the onboarding request through the process as quickly and efficiently as possible (i.e. KYC/Legal/Credit);
- Effectively communicate the status of onboarding to internal and external stakeholders;
- Manage individual book of work (new and existing account queue) ensuring escalation where relevant;
- Responsible for ensuring all relevant activities are completed in respect of the collation of all onboarding due diligence and trading documentation for prospective and existing clients across international offices and product;
- Effectively follow up with clients (both internal/external) in a timely and professional manner;
- Continually look to identify issues/suggest process improvements and offer solutions to management regarding end to end operating model;
- Partake, as required by management, in any ad hoc projects;
- Work closely with Account Executives regarding ongoing prioritisation of prospective client pipeline and upcoming existing client reviews;
- Ensure all outstanding actions are tracked/closed out in a timely manner through frequent follow up with internal and external parties;
- Liaise with all stakeholders engaged in the end to end onboarding process;
- Understanding and oversight of some key regulatory processes (where defined and agreed) including communication with clients, front office to collect documentation, updates of systems and workflow completion and prioritisation with BAU support teams;
- Assist in inward due diligence reviews that external counterparties and clients send to the team;
- Contributes to the department's Continuous Improvement (CI) initiatives for simplification of processes impacting the team.
Primary areas of interaction:
- Clients
- Front Office
- KYC Compliance (Financial Crime Team)
- Legal
- Credit
- Tax
- KYC Operations
What you’ll need to be successful:
- 1-2 years of relevant KYC experience;
- Knowledge and Experience dealing with end to end client onboarding process (including KYC; Credit and Legal);
- Knowledge of KYC procedures and regulatory best practice (2007 Money Laundering Regulation and JMLSG Guidance);
- Knowledge of Regulatory Classifications (MiFID; Dodd Frank; EMIR and FATCA);
- Financial services background with significant experience of reviewing and documenting client relationships;
- Direct customer/client facing experience beneficial;
- Strong communication skills (written/verbal);
- Ability to work independently and efficiently in a dynamic environment;
- Ability to effectively organise and work to tight deadlines, ensuring day-to-day objectives are met.
Why should you join us? ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York. We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential. Our vision statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves.
Client Onboarding Analyst - ICBC Standard Bank employer: ICBC Standard Bank
ICBC Standard Bank is an exceptional employer that prioritises the growth and well-being of its employees, offering a dynamic work environment in the heart of London. With a strong commitment to diversity and inclusion, the bank fosters a culture where talented professionals can thrive, enjoy flexible working arrangements, and engage in continuous learning opportunities. Joining our team means being part of a global network that values collaboration and innovation, ensuring you have the support and resources needed to succeed in your career.
StudySmarter Expert Advice🤫
We think this is how you could land Client Onboarding Analyst - ICBC Standard Bank
✨Get Involved with Campus Finance Societies
Join your university's finance or investment society — they're a goldmine for networking, guest lectures, and career fairs. These societies often host employers looking for entry-level talent like you, so get involved and make yourself known!
✨Attend Industry Workshops and Webinars
Look for workshops and webinars focused on banking and financial services. These events not only boost your knowledge but also let you connect with industry professionals who could help you land that entry-level role at places like ICBC Standard Bank.
✨Leverage LinkedIn for Informational Interviews
Take advantage of LinkedIn to reach out to professionals working in banking, especially those who've started in entry-level positions. Politely ask for a quick chat about their experience and any advice they might have on breaking into the field.
✨Apply Directly through Company Websites
Don't just rely on job boards. Head directly to ICBC Standard Bank's careers page and look for their entry-level openings. They might have opportunities that aren’t advertised widely, so keep checking back for new listings!
We think you need these skills to ace Client Onboarding Analyst - ICBC Standard Bank
Some tips for your application 🫡
Splash Your Skills on Your CV:In the banking and financial services realm, it's all about numbers and analysis. Make sure to highlight any relevant coursework, internships, or projects where you've used skills like financial modelling, data analysis, or risk assessment. Show us you can crunch those numbers!
Educational Achievements Matter:For an entry-level role, your grades and academic accomplishments are key. If you have any certifications, like CFA Level 1 or something similar, don’t forget to include them. We love seeing ambition and commitment to the industry, so flaunt those achievements!
Craft a Personal Touch in Your Cover Letter:Your cover letter is your chance to show us your enthusiasm for banking and finance! Share why you're passionate about the industry and how your studies or previous experiences have prepared you for this role. We want to see that spark and motivation!
Use the Right Format and Language:In banking, clarity is king. Use a clean, professional format for your CV and cover letter. Make sure to avoid jargon, but don’t shy away from technical terms where appropriate – just keep it all clear and easy to read. Let’s see your professionalism shine through!
How to prepare for a job interview at ICBC Standard Bank
✨Brush Up on Your Financial Knowledge
Since you're diving into the banking and financial services industry, make sure you're up to speed with current market trends and financial concepts. Be prepared to discuss things like interest rates and investment strategies, as you might get some technical questions that gauge your understanding.
✨Show Off Your Analytical Skills
Analytical skills are key in banking, so be ready to showcase how you've used them in your studies or any relevant projects. Prepare to tackle case studies or hypothetical financial scenarios during the interview that require you to analyse data and make informed decisions.
✨Demonstrate Your Team Spirit
As this is an entry-level role, they’ll likely look for how well you can collaborate and fit into their team. Think of examples from group projects or internships where you successfully worked with others. It'll help show that you're keen to learn and grow in a team-oriented environment.
✨Prepare Thoughtful Questions
Approach your interview with curiosity! Prepare insightful questions that reflect your knowledge of the industry, such as asking about the latest technology being implemented in their services. It shows you're genuinely interested in the company's operations and future.
