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- Tasks: Join our team to review and screen new clients while ensuring compliance with KYC regulations.
- Company: We are a forward-thinking firm prioritising diversity, equity, and inclusion in everything we do.
- Benefits: Enjoy a supportive work environment with opportunities for self-development and training.
- Why this job: Make a real impact by helping to manage risk and ensure client integrity in a dynamic setting.
- Qualifications: Attention to detail, IT literacy, and strong communication skills are essential for this role.
- Other info: This is a fixed-term contract covering maternity leave, perfect for gaining valuable experience.
The predicted salary is between 30000 - 42000 £ per year.
Overview
We are looking for a KYC assistant to join our Basingstoke office and work in a team responsible for reviewing and screening new clients and new matters and to assist in obtaining and reviewing ‘know your client’ (KYC) material as necessary for various risk management and regulatory purposes, including as required by anti-money laundering legislation.
This role is a FTC to cover maternity leave.
Responsibilities
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To process and review all new / amended clients and matters as opened by the firm.
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To obtain and review KYC materials using available applications, online resources and hard copy documents in order to verify the identity of individual clients and to identify the owners and controllers of corporate or organisation clients.
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To use available resources to screen client and matter parties for PEP status,
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sanctioned status and for other risk factors as our screening tools allow, and to elevate concerns as appropriate.
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To deactivate matters where KYC is inadequate or where risk factors have not been adequately mitigated and to inform fee earners as appropriate.
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To undertake research as requested in order to assist the Best Practice team in determining whether risk factors associated with new clients and matters are acceptable.
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To contact clients to obtain information and documents as necessary
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To liaise with fee-earning and support staff as necessary.
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To assist with the keeping of KYC and general risk records using the firm’s systems, as directed.
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To assist with the Best Practice Enquiry ‘Triage’ process as requested
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To assist the Best Practice team as appropriate and to perform other duties as reasonably required
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To undertake training when required and being responsible for self-development
Essential & Desirable Criteria
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Proven accuracy with good attention to detail
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IT Literate
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Good communications skills at all levels.
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Able to work under pressure and to prioritise where necessary
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Able to work as part of a team
At our firm, Diversity, Equity and Inclusion is a priority and at the heart of everything we do. We actively want to attract a diverse workforce and welcome applications from everyone, from all backgrounds. We are committed to promoting an inclusive culture where everyone can be their full selves and experience being seen and heard. You can find out more about our firm’s commitment, initiatives and Pennclusion committees here.
We ensure that there are equal opportunities and treatment for all job applicants and employees, at all stages of the recruitment process and employment, regardless of age, gender reassignment, marriage or civil partnership, pregnancy and maternity, disability, race (including colour, nationality, ethnic or national origin), religion or belief, sex, sexual orientation, gender identity, gender expression and social background. We aim to provide adjustments for people who have a disability, long-term health condition (including mental health) or neurodiversity. If you would like to request an adjustment, please contact sam.austin@penningtonslaw.com
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KYC Assistant - Mat cover employer: Penningtons Manches Cooper LLP
Contact Detail:
Penningtons Manches Cooper LLP Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land KYC Assistant - Mat cover
✨Tip Number 1
Familiarise yourself with KYC regulations and anti-money laundering legislation. Understanding the legal framework will not only help you in the role but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Brush up on your research skills, especially using online resources and databases. Being able to quickly and accurately gather KYC materials will set you apart as a candidate who can hit the ground running.
✨Tip Number 3
Practice your communication skills, particularly in how you would contact clients for information. Clear and professional communication is key in this role, so consider role-playing scenarios with a friend or family member.
✨Tip Number 4
Showcase your attention to detail by preparing examples of how you've successfully managed tasks under pressure in the past. This will highlight your ability to prioritise and maintain accuracy, which is crucial for a KYC Assistant.
We think you need these skills to ace KYC Assistant - Mat cover
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a KYC Assistant. Familiarise yourself with KYC processes, anti-money laundering legislation, and the importance of risk management.
Tailor Your CV: Highlight relevant experience in your CV that aligns with the job description. Emphasise your attention to detail, IT literacy, and communication skills, as these are essential for the role.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of KYC processes and your ability to work under pressure. Mention any specific experiences that demonstrate your capability to handle client information and risk assessment.
Showcase Your Commitment to Diversity: Since the firm values diversity, equity, and inclusion, mention any experiences or perspectives that contribute to a diverse workplace. This could include teamwork in diverse settings or initiatives you've been part of that promote inclusivity.
How to prepare for a job interview at Penningtons Manches Cooper LLP
✨Know Your KYC
Familiarise yourself with the KYC process and regulations, especially those related to anti-money laundering. Being able to discuss these topics confidently will show your understanding of the role and its importance.
✨Demonstrate Attention to Detail
Since accuracy is crucial in this role, prepare examples from your past experiences where your attention to detail made a difference. This could be in previous jobs or academic projects.
✨Showcase Your IT Skills
Be ready to discuss your proficiency with various applications and online resources. If you have experience with specific tools used for KYC or risk management, mention them during the interview.
✨Emphasise Teamwork and Communication
This role requires collaboration with fee earners and support staff. Prepare to share examples of how you've successfully worked in teams and communicated effectively in past roles.
