At a Glance
- Tasks: Conduct AML/KYC reviews and ensure compliance with regulations.
- Company: Join LGT Wealth Management, a leading firm owned by the Princely Family of Liechtenstein.
- Benefits: Gain valuable experience in a supportive environment with opportunities for growth.
- Other info: Dynamic team culture with a focus on innovation and integrity.
- Why this job: Make a real impact in wealth management while developing your skills.
- Qualifications: Experience in AML/CDD and strong attention to detail required.
The predicted salary is between 37800 - 46200 £ per year.
LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. Our head office is based in London; however, we have a presence in Edinburgh, Jersey, Leeds, Birmingham, Bristol and Manchester. Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values.
Job Description
Key Responsibilities:
- Undertaking periodic AML/KYC client reviews in accordance with the periodic review schedule including:
- Complete review of client due diligence to ensure the documentation and information collected is accurate and ensuring they are in line with our group policy and compliant with local regulatory guidelines set by the FCA and JFSC AML/CFT Handbook, including checking ID & Vo.
- Ensure that our files are compliant with all applicable regulatory and AML/CFT requirements.
- Perform screening of relevant individuals and entities using SmartSearch/LexisNexis/Google.
- Review recent transactional activity against client profiles.
- Review the Structure Chart of accuracy to ensure all parties are noted on files/systems.
- Liaise with the Investment Manager/Assistant to ensure all action points are addressed, remediated and documentation/information is obtained in a timely manner, obtaining fresh documents if expired/missing.
- Review Investment attestation on client circumstance.
- Perform Risk Grading review and be able to interpret information relating to H/M/L CDD risk factors.
- Manage and maintain the periodic review tracker and update management of progress, ensuring that targets are met at all times and quality outputs delivered.
- Managing allocated workloads and pro-actively take on additional responsibilities and administration tasks, as required by your manager.
RequirementsKey Skills and Technical Requirements:
- Strong working knowledge of AML/CDD requirements - The ideal candidate will be ICA qualified in AML and have at least three years’ experience in a similar role.
- Attention to detail is essential.
- Ability to work effectively both independently and as part of a team.
- Strong time management and organisational skills with an ability to meet deadlines.
- Good communication skills and the ability to work well in a team are important for collaborating with colleagues and providing feedback on documents.
- Competency in Microsoft packages. Training will be provided for other in-house programs, as required.
- Good knowledge and practical experience of current industry AML/CFT handbook legislation, regulation and operating working practices is essential.
Ongoing Due Diligence Analyst - 12 Month Fixed Term Contract in Edinburgh employer: LGT Bank
LGT Wealth Management UK LLP is an exceptional employer, offering a dynamic work culture that prioritises client satisfaction and employee development. With a commitment to integrity and entrepreneurship, employees are encouraged to innovate and grow within the organisation, supported by comprehensive training and a collaborative environment. Located in London, our head office provides a vibrant setting for professionals seeking meaningful careers in wealth management, backed by the stability of a globally recognised private banking group.
StudySmarter Expert Advice🤫
We think this is how you could land Ongoing Due Diligence Analyst - 12 Month Fixed Term Contract in Edinburgh
✨Join Financial Networking Events
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We think you need these skills to ace Ongoing Due Diligence Analyst - 12 Month Fixed Term Contract in Edinburgh
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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Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at LGT Bank. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give LGT Bank confidence in your short-term commitment to the role.
How to prepare for a job interview at LGT Bank
✨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 LGT Bank.
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Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
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For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure LGT Bank that you’re a reliable team player.
✨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.
