Finance
Finance - Senior Associate
Location
Central London
Salary
30,000 - 35,000 per annum
Job Summary
To provide the Bank with compliance, regulatory and financial crime (including anti-money laundering, sanctions
and fraud) related support within the front office, in respect of its client on-boarding (KYC and AML) and continuous monitoring work, legal policy establishment and ongoing updates, to ensure that the Corporate Banking activities of the Bank are carried out in compliance with applicable regulations, guidance, legislation and internal policies and to effectively strengthen compliance control in the front office.
The Compliance Officers within Corporate Finance Unit together with Relationship Managers form the Bank's first line of defence from the legal risk control perspective.
To support the business developers in responding on all regular and frequent internal reporting matters when required. This is a role sitting within the business origination team.
Position: Permanent (Full time)
Responsibilities
• Assist Relationship Managers to manage the client on-boarding process. While Relationship Managers sourcing non-public information needed for KYC assessment, Compliance Officers will seek information available from public resource and prepare KYC checks.
• Conduct AML checks on new clients according to internal and external Legal and Compliance (L&C) requirements.
• Complete KYC and AML files for new clients under the time frame requested by Relationship Managers, and is responsible for the quality of KYC conducted. Seek KYC and AML approval according to the Bank's L&C policy.
• Ensure KYC and AML work is acceptable to L&C Department with a consistent approach. Effectively communicate with L&C Department over any differences.
• Actively communicate with Relationship Managers, to ensure close monitor of any significant adverse change of clients, which could lead to money-laundry and suspicious activities. Record and escalate material issues to Head of Department.
• Undertake KYC and AML review of existing clients (including PEPs) on a regular basis in accordance with internal and external L&C requirements. Provide suggestions to Relationship Managers over issues identified.
• Ensuring all customers' risk classifications (high, medium or low) are up-to-date per internal and external L&C policies.
• Draft and suggest policy and procedure updates for the department on matters related to L&C. Together establish L&C control and culture within front office, and identify training requirements and cooperate with L&C Department. Arrange and deliver L&C (including KYC and AML) related training for members of Corporate Banking, and to create training plans for new recruits in the department.
• Circulate the update sanction notifications to department. Ongoing sanction screening of existing customers, and notifying Relationship Managers and L&C Department of any sanction identified.
• Monitor and deliver relevant compliance reports to L&C Department, including a list of high risk corporate customers on a monthly basis, reports of high risk corporate customers and analysis regarding customer risk classification semi-annually.
• Work on budget reports
• Regular internal data reporting related to transactions and performance (weekly/monthly/quarterly)
• Adhoc Head Office reports
