KYC & Onboarding

£150 – £175 PAYE

Contract until 31/03/2025

3:2 – 3 days onsite (London), 2 days WFH.

Our esteemed banking client is seeking a KYC Onboarding Analyst to join their ABC requests Team. This critical role focuses on ensuring compliance with anti-bribery, corruption and financial crime regulations while facilitating seamless client onboarding.

To act as an analyst investigating ABC requests for the first line of defence, in the three lines of defence model. This role is designed to protect the Bank from the Bribery, Financial Crime and Sanctions risks associated with the onboarding of new Suppliers and Associated Parties to be used by the Bank and to conduct periodic reviews of these relationships on a risk based approach.

To review all submissions escalated to the FCMO in relation to Gifts and Entertainment that are to be given or received by Bank staff. This is to ensure the records are complete and fully documented before submission for approval by the CPD forensics team and where necessary the MLRO. To escalate and formally report any Supplier / Associated Party who appear to expose the Bank to any Sanction or Financial Crime risks, to the CPD second line for advice / guidance.

Background

• The function of this role is to process applications for engagements with Suppliers and or Associated Parties by Bank staff, prior to entering into any contractual relationships. The analyst will perform checks to comply with the Banks ABC Policy and procedures and to ensure there are no Sanctions / Financial Crime concerns with the relationship.

• This includes but is not limited to the investigation and documentation of the client’s ownership structure and ultimate beneficial owner, a review of the supporting documentation provided, to confirm accuracy and suitability to comply with the Banks policies. The identification and investigation of any associated PEP’s, providing detailed rationale for their materiality and classification. The examination and classification of negative news articles and the rationale for the classifications provided. The checking and where necessary escalation of any sanctions related exposure. The role will also need to review the RAM calculation and should the risk be deemed as high, the holder of the role will need to check the applicants enhanced due diligence assessment.
• This role will have a close working relationship with staff based in London, Paris, as the current London FCMO team provide ABC services for these areas.
• The role will also be responsible for reviewing G&E requests received from bank staff, ensuring completeness before escalations to the second line. The role will need to work closely with the CPD Financial Crime Group (Forensic team), as a point of escalation, or to receive advice and guidance.
• The role will also need to liaise closely with all other areas of the Bank as required, concerning the status of ABC or G&E clearance for time critical applications. The role will need to liaise closely with the OAD expense team, to ensure the OAP vendor numbers are up to date and ensure that Invoices are not approved where incomplete supplier records exist.

Accountabilities & Responsibilities

• Analyse submissions via the G&E database of Gifts and Entertainment to be given or received by bank staff, ensuring completeness of the records before escalating to the Second Line for approval.
• Analyse entries in the ABC Database for new Supplier / Associated Party or ABC periodic reviews, ensuring adherence to the CPD ABC standards, regulatory guidance and internal policies. Where necessary ensuring timely escalation to the relevant second line for further advice and guidance.
• Participate in the on the job training of new staff to the team, ensuring that they obtain a full understanding of the systems used as part of their role and the policies and procedures to be followed.
• Participate as directed in the remediation of files identified as requiring additional work by the second line Compliance Monitoring Reviews, ensuring that the remediation is fully completed within the allowed timescale and any issues are escalated as soon as identified.
• Represent the FCMO at meetings with other areas of the Bank, providing help and guidance in relation to ABC / G&E matters as requested.
• Proactively contribute to improved Departmental performance, by identifying weaknesses / inefficiency in systems, workflow and processes, suggesting enhancements and quantify the efficiency gains, be that from a financial perspective or from a customer experience / security aspect.
• To participate in any ongoing projects as directed and required. This includes system development testing and implementation.
• Prepare MI as directed to be used for reporting purposes for Bank committees (OGRC and Exco).

Knowledge, Skills, Experience & Qualifications

• The role requires a good understanding of the regulatory framework associated with the UK Bribery Act / Financial Crime / Sanctions / AML and to keep abreast of the changes to this.
• Previous experience of working within a CDD / ABC team in a financial institution would be a benefit
• Externally recognised qualifications in relation to AML and Customer Due Diligence are preferable.( e.g. ICA certificates / ACAMS)
• The role requires excellent communication skills both written and verbal and the ability to communicate complex issues and regulatory requirements to all levels of the organisation.
• Ability to collaborate and work within a team, supporting others to ensure the overall team objectives are achieved.

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