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It is essential that all applicants have two years relevant experience working in a Bank or similar financial institution. Unfortunately, our client cannot provide sponsorship and therefore only applicants that have eligibility to work in the UK for 3+ years in the future, will be considered.
Our client, a financial institution, is seeking a Fluent Mandarin Junior CDD Onboarding Officer to join their team on a permanent basis. This position is 4 days in office, 1 day work from home.
The role will support the KYC Onboarding Officer/team with all activities relating to onboarding new customers and CDD reviews of existing clients for multiple departments, including but not limited to Business Development, Treasury, Operations. This includes the CDD process and all related documentation and evidence to satisfy UK regulatory and legal requirements and any other requirements imposed by the Head Office from time to time. Also will provide general support for Business Development Department as and when required.
Key Responsibilities:
- Carry out CDD on new customers, collating information and documentation that complies with UK regulatory and legal requirements and identifying and verifying KYC documents.
- Undertake risk assessments and/or reviews of risk assessments on both new and existing customers.
- Ensure that internal SDD, CDD and EDD requirements are adhered to; resolve any gaps in due diligence by proactively liaising with stakeholders including relationship managers and customers.
- Maintain customer CDD files, ensuring that the information therein is up to date; maintain the new and existing customer spreadsheet; populate customer data via internal systems or other data repositories as and when required.
- Identify any key risks and AML red flags and escalate them according to internal policies and procedures.
- Carry out/review customer screening activity and evaluate any matches (including PEPs) taking the necessary action under UK Money Laundering Regulations and Sanction Screening legislation if required.
- Operate in line with the relevant compliance policies and procedures and risk management framework, ensuring timely escalation of any concerns to their line manager, compliance and risk management.
- Assist to produce a monthly report on new, amended and exited customer relationships for the Management Committee and a quarterly report for the Risk and Compliance Committee.
- Undertake general support of the Front Office function, such as re-fixing interest rate, inputting Financial Annual Report, monitoring PR/NPR status, etc.
Experience and Skills:
- Fluency in English and Mandarin is a must.
- Bachelor degree or equivalent in economics, accounting, finance, business or legal.
- Minimum 2 years of relevant experience in a similar role, preferably within an overseas wholesale bank in London.
- Basic understanding and experience of AML, Terrorist Financing, KYC, SDD, CDD and EDD, Sanctions within the UK financial services and regulatory environment.
- Demonstrable knowledge and understanding of corporate structures and ability to carry out risk assessments
For more information on this role please contact Judith Webb by sending your CV and quoting ref 16817JW.
