Our client, a really nice city based Commercial Bank is looking for a candidate on a 2 year contract.
This role reports directly to the Head of Compliance and is a great & varied role.
Main Objectives/Job Summary:
* To support the Head of Compliance in the day-to-day activities for the Compliance Monitoring Programme for the London Office.
* To support the MLRO in the day to day of the review and sign off of KYC periodic reviews and the on boarding of new customers.
* To provide support to the compliance team in all day-to-day duties and ad hoc / project work.
Key Duties and Responsibilities:
* Build and maintain professional relationships with the business functions to ensure effective co-operation, communication, and seek opportunity to promote higher regulatory standards and awareness.
* Build and maintain professional relationships with business functions to ensure effective co-operation, communication, and seek opportunity to promote higher regulatory standards and awareness.
* Carry out all assigned monitoring and control activities from the Compliance Monitoring Plan (CMP) whilst ensuring all deadlines are adhered to and completed to a satisfactory conclusion.
* Carry out all assigned activities from the Compliance and AML Monitoring Plan whilst ensuring all deadlines are adhered to.
* Carry out all assigned tasks from the Compliance Monitoring Plan (CMP) whilst ensuring all deadlines are adhered to and completed to a satisfactory conclusion.
* Carry out screening for all new & changed individuals, suppliers and companies and validate due diligence.
* Keep abreast of regulatory, legislative change and industry specific updates.
* Carrying out simplified and enhanced due diligence, covering matters such as source of wealth, verification of beneficial ownership and ensuring timely review of all high risk and medium risk accounts on an ongoing basis.
* Maintain and update all relevant local working instructions/procedures.
* Keep abreast of regulatory, legislative change and industry specific updates.
* Maintain regulatory laws and regulations data.
* Maintain and update all relevant local working instructions/procedures.
* Monitor Adonis for any head office procedures relevant to the Compliance department.
* Maintain compliance with the corporate Compliance & AML programme.
* Participate in ad-hoc Compliance projects.
* Maintain database of regulatory and company websites to support MLRO and business
* Present regular overview of regulatory changes
* Maintenance of PEP register.
* Support all employees with personal account dealing enquiries including liasing with head office.
* Manage case load and take ownership by tracking with business owners to ensure periodic reviews complete in a timely manner.
* Manage incoming alerts from UK Companies House and monitor and follow up on responses from the business.
* Support the Compliance team to prepare accurate and timely reports and MI on a monthly and ad hoc basis.
* Monitor Adonis for any head office procedures relevant to the Compliance department.
* Undertake additional activities as directed by the Head of Compliance London.
* Monitor and action incoming Sanctions Lists and maintain records.
* Undertake additional Compliance activities as directed by Group Compliance.
* Participating in ad-hoc Anti Money Laundering projects.
* Carry out screening in World-Check One.
* Prepare accurate and timely reports and MI as required.
* Ensure the timely and accurate update of the KYC Customer database.
* Maintain database of regulatory and company websites to support MLRO and business
* Manage case load and take ownership by tracking with business owners to ensure periodic reviews are completed in a timely manner.
* Manage incoming alerts from UK Companies House and monitor and follow up on responses from the business.
* Monitor and action incoming Sanctions Lists and maintain records.
* Review the adequacy of Enhanced Due Diligence (EDD), Customer Due Diligence (CDD), Know Your Customer (KYC), Know Your Business (KYB), source of funds, client information, client profiling and suitability during the onboarding process for new business, periodic review process and change of control and provide and monitor feedback to the relevant business team.
* Undertake additional activities as directed by the MLRO
Key Skills and Experience required:
* Minimum 3+ year’s KYC/compliance exposure within a UK regulated Bank.
* Knowledge of UK banking laws and regulations.
* Pro-active, results orientated, self-driven; ability to work independently and in a team, to solve problems in a constructive and timely manner.
* Excellent interpersonal skills at all levels.
* Excellent excel working knowledge