Quality Control CDD- VP
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Job Location:
Monthly Salary:
Posted on:
7 hours ago
Vacancies:
1 Vacancy
Job Summary
At OakNorth were on a mission to empower the UKs most ambitious businesses. Since 2015 weve lent over $18 billion across the UK and US helped create more than 58000 new homes and 36000 new jobs and supported hundreds of thousands of personal savers all while fuelling the UK economy.
Team Mission
Were seeking a future team member to join our Client Onboarding function! As Vice President
As the first recruit for our India Quality control CDD team you will play an integral part in growing the team.
Initially responsible conducting quality reviews of due diligence research and administrative duties for our new and existing clients for Lending and Banking. However you will also be expected to have excellent understanding of UK and US AML KYC / CDD / EDD requirements a solid understanding and ability to provide QC oversight on Onboarding ongoing Monitoring and Fraud and AML Transaction Monitoring teams as well as a strong risk acumen and the ability to solve problems and work independently
The role does not include line management at present however we are seeking to grow the India team as our business grows. As the team grows where the candidate demonstrates the ability to problem solve act as a leader share best practice and AML knowledge coach others and plan effectively you will have the opportunity to take on line management responsibilities for the India CDD Quality control team this includes acting as a leader for the India CDD quality team when interacting with your colleagues in the wider CDD team and the bank.
Responsibilities:
- Support the UK Client Onboarding QC Team.
- Independently conduct quality assurance reviews for new existing UK & US Lending and Business Banking clients working at speed and maintaining Momentum.
- Communicate & collaborate effectively with internal and external stakeholders to ensure delivering Customer Delight.
- Conduct quality control reviews of the screening of Peps Sanctions & Adverse Media and escalate if there are true hits.
- Conduct quality control reviews of the Fraud and AML transaction Monitoring alert clearing and investigation outcomes.
- Processing of emails (instructions/queries).
- Be a subject matter expert and maintain knowledge and expertise - together with supporting and developing the client onboarding team.
- Identify areas for improving processes to deliver improved efficiency.
- Support the QC Lead in transformational change initiatives delivering against our strategic plan
- As the team grows you will have the opportunity subject to ability to take on a line management role with a focus on:
- Training mentoring & line managing the India quality control CDD Team and ensuring their deliverables are met on time.
- Produce and Monitor KPIs and KRI to ensure optimal performance of the India based CDD Team.
- Actively carrying out onboarding cases end to end.
- Providing advisory support to the other members of the India quality control CDD Team.
- Supporting the UK / US team in transformational change initiatives delivering against our strategic plan.
Technical skills:
- Minimum 7 years experience in financial services ideally within commercial lending or banking.
- Excellent understanding and experience of AML/KYC CDD/EDD and broader financial crime prevention frameworks.
- Strong working knowledge of UK and US AML CTF and related regulatory guidance.
- Extensive technical expertise in financial crime prevention systems and controls.
- Ability to calculate ownership percentages and identify beneficial owners/PSCs including in complex structures (SPVs nominees layered entities and trusts).
- Skilled in investigating and analysing information interpreting financial statements and presenting conclusions.
- Proficiency with AML and onboarding systems.
- Understanding of Anti-Facilitation of Tax Evasion (AFTE) obligations under the Criminal Finances Act 2017 including risk matrix application and red flag identification.
- Proficient in AEOI (FATCA/CRS) processes validating self-certifications TIN formats and reportable jurisdictions.
- Knowledge of FSCS eligibility assessment including SME classification and application of PRA/FCA guidance.
- Awareness of Immigration Act 2014 Section 40A responsibilities batch verification and disqualified account reporting.
- Understanding of Consumer Duty principles ensuring onboarding and QC processes align with fairness transparency and outcome-based obligations.
- Familiarity with CDD for trusts legal arrangements and foundations verifying all relevant parties.
- Experience reviewing CDD for complex lending arrangements (co-lend syndicated warehouse and secondary market transactions).
- Knowledge of source of funds and source of wealth reviews with appropriate verification for EDD/EDD clients.
- Robust checking of quality record management and folder structuring in line with GDPR standards.
Nice to haves:
- Experience with Fraud and AML Transaction Monitoring alert clearing.
- Advanced excel knowledge and experience working with large sets of data.
- Experience working with private equity / real estate investment vehicles.
- ICA & ACAMS Qualifications.
- Experience using CIFAS.
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
Exec
Key Skills
- Computer
- IT Audit
- CAD CAM
- ABAP
- Exterior Designing
- HR Operations
About Company
OakNorth Credit Intelligence Suite transforms commercial lending, giving banks 360° views of borrowers, with deeply granular, forward-looking insight, to improve efficiencies, lower credit risk, and drive profitable growth through economic cycles. Banks lend smarter, lend faster, and ... View more
