KYC and Client Onboarding - Associate

Job Title: KYC and Client Onboarding - Associate

Industry: Banking

Location: HEX (Harbour Exchange

Hybrid: 2 days in the office

Our client, a leading banking institution, is seeking a dynamic and detail-oriented individual to join their team as a KYC and Client Onboarding - Associate. In this role, you will play a crucial part in protecting the Bank by identifying financial crime and sanctions risks associated with the onboarding of new clients. You will also conduct periodic due diligence on existing clients, utilising a risk-based approach.

Responsibilities:

• Process client KYC files related to the onboarding of new clients, ensuring accuracy and completeness.
• Investigate and document the client's ownership structure and ultimate beneficial owner.
• Identify and investigate any associated politically exposed persons (PEPs), providing detailed rationale for their materiality and classification.
• Examine and classify negative news articles, including ongoing monitoring of serious negative news articles.
• Check and escalate any sanctions-related exposure and assess the purpose and nature of the client's engagement and underlying business profile.
• Review and validate KYB answers provided by Relationship Managers, ensuring quality, consistency, accuracy, and suitability of client documentation.
• Evaluate the RAM (Risk Assessment Matrix) calculation and consider its suitability, providing recommendations for a RAM override when necessary.
• Collaborate closely with Relationship Managers based in London, Hong Kong, and the USA.
• Interact with other EMEA FCMO (Financial Crime Management Operations) teams during the processing of Group Introductory Certificates.
• Liaise with the CPD Financial Crime Group (MLRO/Sanctions/Forensic) for guidance and escalation.
• Coordinate with other OAD operational teams regarding new account openings for time-critical deals and product-related information.
• Provide periodic management information (MI) on the status of files and ACCORD (KYC system) to the FCMO KYC Supervisors.

Qualifications:

• Educated to a degree level.
• Industry-recognised modern programme and project management qualification such as MSP, PMP, or APM (preferred).
• Change Management qualifications (desirable), such as APMG or ADKAR.

The successful candidate will have strong analytical skills, excellent attention to detail, and the ability to work independently in a fast-paced environment. They will be proactive, adaptable, and possess effective communication skills to collaborate with various stakeholders.

Join our client's team and contribute to their ongoing efforts to ensure compliance and mitigate financial crime and sanctions risks. Apply now to be considered for this exciting opportunity.

Pontoon is an employment consultancy. We put expertise, energy, and enthusiasm into improving everyone's chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities, and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive. If you require reasonable adjustments at any stage, please let us know and we will be happy to support you.

Adecco acts as an employment agency for permanent recruitment and an employment business for the supply of temporary workers. The Adecco Group UK & Ireland is an Equal Opportunities Employer.

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