Onboarding Manager and AML / KYC Officer

Executive Mandate Specification

On behalf of our client, an international private bank we are looking for a Onboarding Manager to join their successful team.

SCOPE AND RESPONSIBILITIES

To support the business, specifically the front office, Relationship Managers by acting as a first line of defence, with responsibility for maintaining effective internal controls and for executing risk and control procedures on a day to day basis.

RESPONSIBILITIES

• Day to day duties will include conducting Client Due Diligence (CDD) at both on-boarding and on-going review stages under the guidance of Head of Risk & Compliance, involving performance of KYC checks, conducting sanctions and PEP screening, adverse media screening and completion of risk assessments;
• Provide general advice to Relationship Managers on KYC/CDD requirements and status of accounts;
• Ad hoc functions relating to KYC including name changes; re-opening of accounts, collation of data for on-going reviews, remediation of existing client files as and when required by regulatory changes;
• Perform and analyse due diligence checks and assess underlying ML/TF/reputational and other KYC risks as part of client on boarding and ensure risks are appropriately considered and mitigated with the relevant stakeholders;
• Undertake and assess adverse news and sanction information as they relate to client on boarding as well as ongoing name screening, ensure issues are raised to the relevant stakeholders;
• Assist the Relationship Managers with client suitability reviews, ensuring all suitability records are updated.
• Review MiFID classification of the client and confirm that the classification is correct in light of the nature of trading activities conducted by the client.
• Prepare various regular management information reports.
• Under the guidance of the CEO and the Head of Risk & Compliance carry out risk, AML and regulatory reviews, investigations and ad hoc activities.

EXPERIENCE REQUIRED:

• Min. 5 years’ experience within the financial sector environment and practical experience of KYC AML processes;
• Experience of conducting customer on-boarding at a financial institution, preferably in a private client, wealth management firm;
• Good understanding of UK anti-money laundering requirements and JMLSG;
• Good working knowledge of the Financial Services Industry and familiarity with FCA;
• Understanding of risk and control processes.
• Knowledge and experience of dealing with AML/KYC monitoring and account opening with respect to High Net Worth / Corporate clients from emerging markets and Russia / CIS region / China would be an advantage.

Location: Central London

Start: ASAP

Salary: £35,000-45,000 depends on experience

Job Types: Full-time, Permanent

Salary: £35,000.00-£45,000.00 per year

Schedule:

• Monday to Friday

Ability to commute/relocate:

• London: reliably commute or plan to relocate before starting work (required)

Work Location: One location

Reference ID: STRL22

Statutory Executive Benefits & Governance

• Executive Health, Vision & Dental Coverage with Global Provider Options
• Corporate Pension Auto-Enrolment / 401(k) Retirement Plan with Fiduciary Matching
• Annual Discretionary Performance Incentive & Long-Term Equity Participation
• Executive Leave Allotment, Statutory Holidays & Dedicated Health Care Reserves
• US Department of Labor & E-Verify Work Authorization Sponsorship