At a Glance
- Tasks: Support KYC processes and ensure compliance with regulations in a dynamic banking environment.
- Company: International bank based in London, offering a collaborative and professional atmosphere.
- Benefits: 12-month fixed-term contract with competitive salary and opportunities for career growth.
- Other info: Opportunity to work with experienced professionals and enhance your career in finance.
- Why this job: Join a vital role in combating financial crime while developing your skills in a global setting.
- Qualifications: 5+ years in KYC/AML, strong analytical skills, and team management experience.
We are inviting applications for KYC Analyst position for an International Bank based in London. This is a 12 months FTC position starting immediately.
Main Objectives/Job Summary:
To assist and provide support to Structured Finance (Relationship Manager) in all day-to-day activities and tasks related to KYC whilst ensuring that all legal and regulatory obligations are satisfied with the focus on minimising the risk of Money Laundering in accordance with guidelines issued by the Financial Regulator, external associations and branch and group policies and procedures. To ensure all new and existing business is satisfactorily approved and signed off within the specified reporting periods.
Key Duties and Responsibilities:
- Prepare financial analyses for contract negotiations and investment decisions.
- Manage team and undertake regular one to one and annual performance reviews.
- Contribute to the identification of regulatory AML risks or gaps and discuss proposals to mitigate these risks.
- Provide KYC related advice and support to team members and maintain and manage the client KYC database.
- Identify and escalate any AML concerns to the MLRO.
- Proactively problem-solve, identify and mitigate any risks, issues, or control weaknesses arising in day-to-day operations.
- Track issues and actions escalated.
- Carry out the complete KYC process for new Structured Finance customers by applying the appropriate level of customer due diligence as defined by the Banks risk rating and risk appetite.
- Analysis of ownership/shareholder structures based on Structure Chart(s).
- Defining KYC document requirements based on ownership structures.
- Establish an effective communication channel with the client to request and monitor KYC documents.
- Validate KYC documents supplied by the clients/Agent Bank.
- Source and obtain the required corporate documents via accessible registers.
- Raise any concerns or red flags with team head in the first instance and escalate to Compliance in line with KYC procedure.
- Provide regular updates to the deal team and the team head on the status.
- Complete all NORD/LB KYC control documents (Onboarding form, CRR tool, etc.) and submit complete and signed to Compliance ahead of financial close.
- Ensure data quality in all NORD/LB systems.
- Liaise with Compliance department to ensure relevant approvals have been granted.
- Track and monitor successful conclusion of any agreed CS's / CP's within specified timeframe.
- KYC Reviews (as defined by the Risk Rating), Identify which customers are due for reviews.
- Ensure that all KYC periodic reviews are completed and satisfactorily signed off by Compliance by the specified due date.
- Request and validate any structural/director/authorised signature/UBO/OBO changes.
- Ensure data quality in all NORD/LB systems.
- Source the required KYC and corporate documents via accessible registers.
- Action alerts from Companies House in a timely manner, complete all Bank KYC periodic review documents (KYC review form, CRR tool, etc.) and submit complete and signed to Compliance ahead of due date.
- Liaise with Compliance department to ensure relevant approvals have been granted.
- Track and monitor successful conclusion of any agreed CS's / CP's within specified timeframe.
- Provide requested documents to internal/external auditors in a timely manner.
- Create, maintain and update local procedures.
Key Skills and Experience required:
- Previous Management experience, or excellent Excel and data manipulation skills.
- Minimum of 5 years' experience of conducting in-depth investigations and dealing with adverse media screening, sanctions screening on PEP's, high-risk individuals etc.
- Experience managing a team.
- Sound knowledge and experience of KYC/ CDD processes for individuals, corporations, trust/corporate structures and high-risk individuals.
- Managerial level communication and presentation skills.
- ICA or equivalent qualification or suitable industry experience in AML/Financial Crime.
- Intermediate to advanced knowledge of Microsoft Excel, including proficiency in data analysis using formulae and pivot tables.
- Effective time management & outstanding workplace organisation.
KYC Analyst Wholesale Corporate Banking in City of London employer: Quantum Group
Join a dynamic and supportive team in the heart of the City of London, where your role as a Team Secretary/Office Manager will be pivotal in ensuring smooth operations across various departments. We pride ourselves on fostering a collaborative work culture that values initiative and personal growth, offering opportunities for professional development while maintaining a vibrant office environment. With competitive benefits and a commitment to employee well-being, this is an excellent opportunity for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land KYC Analyst Wholesale Corporate Banking in City of London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Quantum Group.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Quantum Group might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace KYC Analyst Wholesale Corporate Banking in City of London
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!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Quantum Group will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Quantum Group. 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 Quantum Group confidence in your short-term commitment to the role.
How to prepare for a job interview at Quantum Group
✨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 Quantum Group.
✨Showcase Your Analytical Skills
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.
✨Highlight Flexibility and Adaptability
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 Quantum Group 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.
