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- Tasks: Join LHV Bank as an EDD Analyst, managing financial crime risks and client onboarding.
- Company: LHV Bank is a licensed UK bank supporting fintechs and SMEs with innovative banking solutions.
- Benefits: Enjoy competitive salary, health plans, pension contributions, and 28+ days holiday.
- Why this job: Be part of a dynamic team in a growing bank, making a real impact on financial compliance.
- Qualifications: Experience in CDD or EDD within financial services and strong analytical skills required.
- Other info: Limited travel may be needed; work in a vibrant office environment.
The predicted salary is between 36000 - 60000 ÂŁ per year.
1 week ago Be among the first 25 applicants LHV Bank, a fully licensed UK bank, specialises in Savings, Banking Services for global fintechs, and SME Lending solutions for UK businesses, offering commercial real estate investment and trading loans from £0.5m. As a leading provider of real-time multi-currency payments, accounts, acquiring, indirect scheme access, open banking, and FX solutions, LHV Bank supports 200+ fintech companies, including Airwallex, Currencycloud, Truelayer, and Wise, serving 10 million+ end customers and reaching a potential market of 500 million across the UK and Europe. After obtaining its UK banking licence in May 2023, LHV Bank entered the retail savings market via deposit aggregators in August 2023, followed by the launch of its direct-to-customer retail banking proposition in December 2024. For more information, visit lhv.com . Overview Reporting to the Director of Financial Crime Risk, the successful candidate will be part of the Banking Services AML Business Risk Management function. You will be responsible for undertaking all aspects of new client onboarding and the ongoing periodic review process as well as handling ad-hoc escalations, undertaking on-site visits to clients and handling transaction monitoring alerts to proactively manage the financial crime risks posed by the firm’s clients. Duties and Responsibilities: This role exists to manage the financial crime risks associated with LHV UK’s customer base, comprising predominantly UK and EEA regulated non-bank financial institutions. This includes: Liaising with relevant Relationship Managers, prospects and clients when onboarding new entities, undertaking periodic reviews of existing clients, and at other points of the client lifecycle. Analysing onboarding and periodic review questionnaires and the sufficiency of the financial crime programs of prospective and existing clients. Undertaking assessments of the risks posed to LHV UK by prospective and existing clients, both using the Customer Risk Assessment model at onboarding and periodic refresh as well as through qualitative assessment as part of targeted reviews, onsite visits, transaction monitoring results and escalations. Managing and maintaining the process for all aspects of CDD and EDD at onboarding and at periodic review, including driving the process to completion. Undertaking all necessary standalone economic sanctions, PEP and adverse media screening on clients and the applicable associated parties. Conducting on-site visits to clients to assess their financial crimes programme in order to form a view as to the risks posed to the firm. Identifying areas of high or unacceptable risk, and assessing the suitability of clients subject to the Special Interest Client and Excessive Fraud programmes. Producing management information in relation to onboarding, periodic review, transaction monitoring, onsite visits and the client portfolio. Presenting case summaries, client escalations and management information to a senior audience, including the AML Committee, as and when required. Fostering a positive on-going engagement with internal and external stakeholders and clients. Undertaking assigned Business Risk Management project work or relevant tasks as given by the Director of AML Business Risk. Experience and attributes: Experience in a CDD or EDD function within a financial services firm. Strong experience of correspondent banking or payment intermediaries, including e-money institutions. The ability to analyse client documentation including organisational charts and complex ownership structures to identify beneficial ownership and to assess the sufficiency of policies and procedures. Experience liaising with the business regarding key AML matters. Able to articulate understanding of relevant regulations and guidelines particularly the Money Laundering Regulations 2017, Proceeds of Crime Act 2002, Terrorism Act 2000 and the SAR reporting regime. Excellent written and oral communication skills. Ability to develop, implement and enhance processes. Passionate about the benefits of a positive compliance culture. Ability to work to deadlines and under pressure managing multiple priorities. Limited travel may be required. Some of our benefits • Competitive salary & progression • Open and inclusive culture • Fantastic offices and great working environment • Vitality Health Plan (includes private health insurance, travel insurance, gym discounts) • 5% employer pension contribution • 28 days holiday plus 3 additional days, bank holidays & further days for various key life events Seniority level Seniority level Associate Employment type Employment type Full-time Job function Job function Finance and Quality Assurance Industries Banking Referrals increase your chances of interviewing at LHV Bank by 2x Sign in to set job alerts for “Anti-Money Laundering Consultant” roles. 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EDD Analyst employer: LHV Bank
Contact Detail:
LHV Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land EDD Analyst
✨Tip Number 1
Familiarise yourself with the specific regulations and guidelines mentioned in the job description, such as the Money Laundering Regulations 2017 and the Proceeds of Crime Act 2002. This knowledge will not only help you understand the role better but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the financial crime risk management field, especially those who have experience in CDD or EDD functions. Engaging with industry experts can provide valuable insights and may even lead to referrals that could boost your chances of landing the job.
✨Tip Number 3
Prepare to discuss your analytical skills in detail, particularly how you've assessed client documentation and ownership structures in previous roles. Be ready to share specific examples that highlight your ability to identify risks and implement effective compliance measures.
✨Tip Number 4
Showcase your communication skills by practising how you would present case summaries and management information to a senior audience. Being able to articulate complex information clearly will be crucial in this role, so consider doing mock presentations to build your confidence.
We think you need these skills to ace EDD Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the EDD Analyst position at LHV Bank. Tailor your application to highlight relevant experience in CDD or EDD functions within financial services.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience with correspondent banking, payment intermediaries, and your ability to analyse complex ownership structures. Use specific examples to demonstrate your skills in managing financial crime risks.
Showcase Communication Skills: Since excellent written and oral communication skills are crucial for this role, ensure your application is well-structured and free of errors. Consider including a brief example of how you've effectively communicated complex information in the past.
Express Your Passion for Compliance: Convey your enthusiasm for fostering a positive compliance culture in your motivation letter. Discuss why you believe compliance is important and how you have contributed to it in previous roles.
How to prepare for a job interview at LHV Bank
✨Understand the Financial Crime Landscape
Familiarise yourself with the key regulations and guidelines relevant to the role, such as the Money Laundering Regulations 2017 and the Proceeds of Crime Act 2002. Being able to discuss these in detail will demonstrate your knowledge and commitment to compliance.
✨Showcase Your Analytical Skills
Prepare to discuss your experience in analysing client documentation and assessing financial crime risks. Use specific examples from your past roles to illustrate how you've successfully identified beneficial ownership and evaluated policies and procedures.
✨Communicate Effectively
Since excellent written and oral communication skills are crucial for this position, practice articulating complex ideas clearly and concisely. Consider preparing a brief presentation on a relevant topic to showcase your ability to convey information to a senior audience.
✨Demonstrate Stakeholder Engagement
Be ready to discuss how you've fostered positive relationships with internal and external stakeholders in previous roles. Highlight any experiences where you successfully collaborated with teams or clients to enhance compliance processes or resolve issues.
