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- Tasks: Conduct AML/KYC reviews and liaise with traders and counterparties daily.
- Company: Join Petroineos Trading, a dynamic joint venture in the energy sector based in London.
- Benefits: Enjoy a 12-month FTC with opportunities for professional growth and development.
- Why this job: Be part of a crucial compliance team that impacts global trading and financial integrity.
- Qualifications: Solid academic background; ideally with KYC/Compliance qualifications or relevant experience.
- Other info: Must have permission to work in the UK by employment start date.
The predicted salary is between 36000 - 60000 £ per year.
Petroineos Trading Limited is a trading and refining joint venture between INEOS and PetroChina International (London) Company Limited founded in 2011, with its headquarters based in London. The trading activity is structured around asset-driven and entrepreneurial trading teams in Oil, Refined Products, Gas, Power, Emissions and LNG.
As a KYC Specialist, you will conduct Anti-Money Laundering (‘AML’) and Know Your Customer (‘KYC’) activities on behalf of Petroineos Trading Limited and Petrochina International (London) Co Ltd. This requires dialogue with traders and their business support teams, management, and counterparties. This is a 12-month FTC position.
Responsibilities- Conduct AML/KYC reviews of new counterparties requested by the business, following the agreed Due Diligence process with regard to sanctions, financial crime and other requirements.
- Ensure all relevant information is up to date and that any change in risk profile has been identified and addressed along with ongoing monitoring of counterparties.
- Liaise with counterparties as necessary to obtain documentation relating to AML/KYC checks.
- Assist the business in getting our companies registered to trade with potential new partners.
- Maintain systems with key counterparty data and producing required statistics.
- Act as a QA function when needed for KYC activities.
- Work with the MLRO to enhance the AML programme, draft and update processes and procedures as required and keep up to date with legal requirements and industry good practice.
- Help the business to understand and identify AML/KYC risks and requirements.
- Ensure AML records are created and retained in the correct manner and meet all retention requirements.
- Assist the Compliance team as required developing a broader understanding of Compliance rules, regulations and requirements.
- Maintain central database of company documents.
- Solid academic background ideally with recognised professional qualification relevant to the area of KYC or Compliance or with recent experience of KYC/DD.
- Knowledge of AML regulations inclusive of POCA, JMLSG guidelines and Money Laundering Regulations 2003 and 2007, FCA rules.
- Proficient with MS Excel, Word.
- You will be a team player and be able to work effectively in a team environment.
- Self-motivation with affinity for detail; someone who can take the initiative when required.
- Demonstrated ability to effectively work independently, set priorities, meet deadlines, communicate effectively and manage projects.
- Account opening experience.
- Basic commercial understanding and awareness of the trading business enabling the individual to enter meaningful conversations with commercial staff.
- Ability to work quickly and take important decisions under pressure, and manage workload ahead of time while retaining the ability to switch priorities as required by commercial realities, while remaining diligent, with an excellent eye for detail.
- Effective communication skills, as well as robust analytical skills, especially the ability to identify cause-effect relationships, patterns, implications of data, and be able to integrate pieces into a meaningful conclusion.
The successful candidate must have permission to work in the UK by the start of their employment.
KYC Specialist employer: Petroineos Trading Limited
Contact Detail:
Petroineos Trading Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land KYC Specialist
✨Tip Number 1
Familiarise yourself with the latest AML and KYC regulations, especially those relevant to the trading sector. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the compliance and trading industries. Attend relevant events or join online forums where you can engage with others in the field. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss real-world scenarios during your interview. Think of examples where you've successfully identified risks or managed compliance issues, as this will showcase your practical experience and problem-solving skills.
✨Tip Number 4
Demonstrate your proficiency with tools like MS Excel and any other relevant software during the interview. Be ready to discuss how you've used these tools in past roles to manage data or streamline processes, as this is crucial for the KYC Specialist role.
We think you need these skills to ace KYC Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a KYC Specialist. Familiarise yourself with AML regulations and the specific requirements mentioned in the job description.
Tailor Your CV: Highlight relevant experience in KYC and compliance in your CV. Use keywords from the job description to demonstrate that you meet the qualifications and have the necessary skills for the role.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are a great fit for the position. Mention your understanding of AML/KYC processes and how your background aligns with the company's needs.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is accurate and presented professionally.
How to prepare for a job interview at Petroineos Trading Limited
✨Know Your AML/KYC Regulations
Familiarise yourself with the key AML and KYC regulations, including POCA and JMLSG guidelines. Being able to discuss these in detail will show your understanding of the role and its importance in the trading environment.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills during the interview. Be ready to discuss how you identify patterns and implications from data, as this is crucial for a KYC Specialist role.
✨Showcase Teamwork and Communication
Highlight your ability to work effectively in a team and communicate with various stakeholders. Provide examples of past experiences where you successfully collaborated with others to achieve a common goal.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making under pressure. Think of examples where you had to manage competing priorities while maintaining attention to detail, as this reflects the demands of the role.
