KYC Analyst
Posted 7 days ago by IPOE Consulting
£40,000 Per year
Undetermined
Undetermined
Greater London, England, United Kingdom
Summary: The role of KYC Analyst at an International Bank in London involves conducting account opening and KYC reviews for new and existing customers. The position requires immediate availability and the right to work in the UK, with responsibilities including customer maintenance updates and compliance with regulatory requirements. The ideal candidate should possess relevant experience in the banking sector and a solid understanding of KYC and AML regulations.
Key Responsibilities:
- Complete account opening and KYC reviews in line with the Bank’s policy and procedures.
- Process ‘nature and purpose’ queries for individual customers and address correspondence within 24 hours.
- Ensure correct application of customer and account status on the core banking system.
- Handle customer maintenance updates such as change of address and return of mail.
- Process customer off-boardings in accordance with Bank procedures.
- Assist with returned mails, inactive accounts, and deceased customers.
- Produce KYC related MI as necessary.
- Assist in department projects and improvements.
- Abide by FCA’s Consumer Duty Regulations to prioritize customer needs.
Key Skills:
- Good general education level.
- 1-2 years of experience in the Banking sector.
- Understanding of KYC / AML requirements and Financial crime.
- Knowledge of FAFT 40 recommendations and JMLSG Guidance notes.
- Experience in AML Client verification process, CDD, EDD, SOF, SOW.
- Ability to undertake investigations into ownership structures.
Salary (Rate): £40,000.00 yearly
City: Greater London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
International Bank based in the City of London, are looking to bring onboard a new KYC Analyst for a short term contract. With this in mind, ideal candidates need to be immediately available and have the right to work in the UK. The KYC Analyst will be responsible for carrying out the first line account opening and KYC review responsibilities for applicants and existing customers. Furthermore, you will also be conducting 3 month and periodic reviews on existing customers and aiding with general account management such as change of address.
Other responsibilities will include;
- To address Account opening and KYC Account Reviews – to complete all assigned account opening and reviews in line with the Bank’s policy and procedures.
- To process ‘nature and purpose’ queries for individual customers – addressing correspondence to clients within 24 hours and promptly following up as applicable.
- To ensure correct application of customer and account status and correct data on the core banking system.
- Handling all customer maintenance updates such as change of address/return of mail/signatories’ updates, etc. This includes notifying customers of updates and Central archiving of the physical mandate files.
- To process any customer off-boardings, in line with the Bank’s procedures.
- To assist with the process of Returned Mails, inactive accounts and deceased customers.
- Production of KYC related MI where necessary
- To assist in department projects and improvements to departments work.
- To abide by the requirement of the FCA’s Consumer Duty Regulations to place customers’ needs first to ensure fairness and good value remains at the heart of the Bank’s products and services
To be considered for this position, ideal candidates must have the following experience and skills;
- Good general education level.
- A minimum one to two years prior experience in the Banking sector.
- Good understanding of KYC / AML requirements and Financial crime.
- Knowledge of FAFT 40 recommendations, JMLSG Guidance notes, Money Laundering regulations, financial crime guide and relevant industry guidance essentials.
- Experience in AML Client verification process, CDD, EDD, SOF, SOW across retail, firms, trusts and other corporate structures, high risk jurisdictions etc and to undertake investigations into ownership structures