Senior Onboarding and CDD Analyst
Senior Onboarding and CDD Analyst
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Job Description
Shift Pattern:
Standard 40 Hour Week (United Kingdom)Scheduled Weekly Hours:
40Corporate Grade:
D - Assistant Vice PresidentReporting Line:
(UK Division) Regulation and ComplianceLocation:
UK-LondonWorker Type:
ContractOverall Purpose of Role:
The Onboarding Compliance and Assurance (OCA) team within the Regulation and Compliance department is primarily responsible for the onboarding of new business relationships and ongoing due diligence including in relation to LME and LME Clears Members Counterparties and other participants/customers/suppliers. All on boarding must be performed in line with the groups Anti Money Laundering and Financial Crime policies procedures and group wide regulatory obligations and also focuses on ensuring Members meet the relevant membership criteria.
Core responsibilities of this role:
- In conjunction with other team members take ownership of the customer due diligence (CDD) on-boarding workstream for each relevant business relationship. Accurately perform all itemised tasks in the OCA on-boarding procedures document recording the progress in the associated checklist. Liaise with the business relationship at relevant stages of the process in conjunction with other applicable internal stakeholders as necessary operating to ensure compliance with requirements but in an efficient and timely manner.
- Maintain clear complete and consistent audit trails for review promptly escalating identified issues coherently as well as providing a clear recommendation to Compliance Advisory/the MLRO as applicable.
- Contribute to the drafting reviewing and modifying of departmental policies and procedures.
- Have a strong knowledge of and keep abreast of the compliance and regulatory landscape so that a proactive approach is applied in the event of relevant regulatory change.
- Identify and consider potential risks to the business and strive to enhance as necessary the robustness and efficiency of the on-boarding process to ensure an optimal balance is achieved between protecting the LME Groups reputational interests whilst preserving its commercial interests.
- Assist in the identification of appropriate on-boarding solutions for other LME Group initiatives as applicable.
- Participate in the coordination and completion of the annual due diligence programme (ADD) for LME Clear.
- Participate in the coordination and completion of the annual periodic risk review (PRR).
- Ensure all the day-to-day screening tasks have been accurately and diligently closed out and any cases escalated to Compliance Advisory on the day of the alert.
- Participate and oversee the administration of the LME Group Incentive programmes.
- Any additional tasks that will be required of the OCA team to ensure a consistent service to both internal and external stakeholders.
Academic and Professional Qualifications Required:
- Strong educational background.
- Formal certifications in AML/Financial Crime highly desirable.
Required Knowledge and Level of Experience:
- Excellent theoretical and practical knowledge of CDD and KYC requirements in respect of the UK Money Laundering Regulations and guidance from the Joint Money Laundering Steering Group is essential.
- Demonstrable experience in a UK financial services setting and experience of onboarding/CDD.
- Experience in an exchange/clearing house/derivatives trading/commodity trading setting highly desirable but not essential.
- Comprehensive knowledge of risk factors such as international sanctions and PEPs.
- Highly experienced user of screening tools preferably World-Check One.
- Experience of KYC management systems also highly desirable.
Skills set and Core Competencies Required for Role:
- Excellent written and verbal communication skills.
- Strong attention to detail and diligence ensuring all assigned tasks are accurately completed and documented.
- Proactive positive and solution-orientated approach and ability to take initiative
- Confident communicator at all levels and effective stakeholder engager.
- Process driven applying knowledge with proportionality and pragmatism.
- Ability to work independently; take ownership of delegated tasks and execute them to a high standard and in a timely manner.
- Highly organised and able to multi-task.
Personal Qualities:
- Team player that always treats colleagues and external stakeholders with dignity and respect
- Trust worthy ethical person with honesty and integrity.
- Accountable for own actions as well as for the OCA teams activities.
- Punctual and personable.
Required Experience:
Senior IC
Employment Type
Full-Time
