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Onboarding and Review Analyst 6 month FTC Full Time

at Investec in London (Published at 22-01-2018)

Role title

AML/KYC analyst (6 month FTC)

Reporting to

Team Leader / Head of Onboarding and Client Management


UK Onboarding and Client Management

Description of role and responsibilities, overall job objective

The Onboarding and Client Management team sits within the Financial Crime function of

Investec Bank plc, ultimately reporting to the MLRO and provides in-house operational

support for the Wholesale banking desks of Investec Bank plc, and some offshore subsidiaries.

Objective of Role

The primary responsibility of this role is to perform core AML/KYC due diligence, PEP, Sanction & Negative Media screening, financial crime risk assessment and compliance categorisation (e.g. MiFID, FSCS, FATCA) of new and existing clients of IBP’s wholesale business areas.

The clients are primarily corporate, although will occasionally contain some individuals.

Specific Responsibilities include:
Timely, efficient and accurate onboarding of new clients and review of existing clients, ensuring client records are accurate in all systems and that supporting documentation is scanned and filed correctly within agreed time lines.

Communicating professionally and confidently with stakeholders including colleagues and front office relationship managers as part of the onboarding and client review process.

Interpreting and analysing KYC data to accurately risk assess new and existing clients, making sound judgement calls in terms of escalation and risk mitigation.

Performing PEP, Sanction and Negative Media screening and analysing the results to eliminate or confirm matches.

Accurate input and maintenance of static data, such as legal entity name, address/contact details, type of business in relation to SIC/ISC codes, legal entity type, any linked parties to transactions.

Accurately recording tax and regulatory information (e.g. client classification, tax eligibility, FSCS eligibility, etc.), and ensuring that any queries or concerns are escalated as appropriate.

Adhering to in-house processes and procedures outlined in guidance documents and Investec Financial Crime Policy.

Manage own workloads and meet deadlines determined by the urgency of new onboarding requests or due dates for existing client reviews.

Participation in ad hoc and project work as required e.g. remediation projects, process changes.

Core competencies

Proven experience of KYC analysis of corporate clients and understanding the due diligence of corporate documents (not limited to banking) is essential, including knowledge of third party data providers e.g. Equifax, Dun & Bradstreet, Dow Jones.

Proven working knowledge of AML requirements for onboarding clients, with some knowledge of the JMLSG and the Money Laundering Regulations;

Proven experience of analysing complex legal structures;

Proven experience of PEPs, Sanctions and Negative Media screening;

Proven experience in performing financial crime risk assessments of clients;

Basic understanding of company balance sheets, financials, and/or annual returns;

Experience of performing no financial crime categorisations of clients e.g. MiFID, FSCS, FATCA, EMIR;

AML Certification (completed or in progress) desirable.

Skills and how they are applied

Attention to detail e.g. accurate capture of data;

Analytical and risk assessment skills;

Competent computer skills;

Good verbal and written communication skills;

Interacts with stakeholders in a professional, service-orientated manner; and

Ability to work independently with minimal supervision and advice.

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