Operations Analyst - Onboarding - Wealth Management
An exciting opportunity opens in operations for an Operations Analyst to join a leading Private Bank. You will work closely with Relationship Managers and CSE Teams to play a key role in managing client onboarding and account opening. The successful candidate will gain exposure to high-net-worth and complex client structures, work within a collaborative and prestigious banking environment, developing their expertise across private banking, financial crime compliance and client lifecycle management.
Key Responsibilities:
- Primary point of contact for CSE Teams for account opening documents (AOD) and account openings of client relationship
- Assist CSE Teams in the creation of account opening packs to ensure completeness
- Perform a full review of the account opening documentation (AOD) to ensure is compliant with UK and specific Booking Centre requirements. A formal review will be referenced to reflect (i) the correct version of the document is signed, all the required fields have been completed and (ii) that the information provided is correct and consistent across all documents provided (identification documents, corporate documents etc.)
- Evaluate and understand complex structures with two or more intermediate levels of ownership (in particular Trust, Foundation, Charities and Domiciliary company accounts) to ensure account opening documentation proceeds in line with the legal entity and CDB regulations
- Liaise with internal stakeholders (WTP) and third party providers (SIPPs and Bonds administrators) to ensure a smooth onboarding process and account maintenance for wrappers accounts
- Ensure account opening submissions to Booking Centre is handled in a timely manner, in line with specific booking centre requirements
- Maintaining accurate and complete records of client onboarding data / documentation
- Undertake additional clarifications (with client facing teams or the Compliance Department) if required and assist in the escalation of potentially identified elevated AML risks, potential suspicion of money laundering, or unsuitable advice
- Primary point of contact for CSE Teams providing operational support for digital onboarding.
Professional Qualifications and Education:
- Level 1 or 2 Wealth Management, AML, Compliance & Compliance Risk qualification (or equivalent) would be an advantage, however not mandatory
- 1 year experience in the financial services industry (onboarding department) is a plus
- Good understanding of Financial Crime and Suitability related topics
Account Opening Documents AOD Client Onboarding Complex Clients SIPPS Private Banking Wealth Management Complex Structures Account Opening Client Administration
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Operations Analyst - Account Opening Documentation - Wealth Management employer: Rothstein Recruitment
Join a dynamic fintech company that prioritises innovation and reliability, offering a collaborative work culture where your expertise in Site Reliability Engineering will be valued. With a strong focus on employee growth, you will have access to continuous learning opportunities and the chance to work with cutting-edge technologies in a supportive environment. Located in a vibrant tech hub, this role not only promises meaningful work but also the unique advantage of being part of a rapidly evolving industry.
