This role sits within the KYC/AML and Sanctions Due Diligence team, which forms part of the Governance, Risk & Compliance (GRC) Department, supporting the overall CME Group Compliance and Ethics Program and reporting into the KYC/AML Lead. The role will involve working as part of the KYC/AML and Sanctions Due Diligence team and collaborating closely with CME’s legal and compliance functions as well as other areas within CME as part of the legal and regulatory onboarding requirements of customers to CME Group.
The Analyst undertakes the day to day processing, maintenance and operational activities related to all of KYC/AML due diligence onboarding requirements for new and existing customers across CME Group, in line with CME Group’s Global Financial Crime Compliance programme and external regulatory bodies/legislation (e.g., JMLSG, FCA, EU Money Laundering Directives, FATF, CFTC, MiFID II).
Principal Accountabilities:
1. Conducts Customer Due Diligence (“CDD”), Enhanced Due Diligence (“EDD”) sanctions and adverse media checks on new and existing customers in accordance with UK Money Laundering Regulations 2017, JMLSG Guidance or other relevant Regulations (FinCEN, MiFID etc) in line with team processes and procedures as governed by CME Group Legal and Compliance divisions.
2. Conducts initial customer AML risk assessments, on a risk-based approach, and provides recommendations for customers' overall AML risk profiles, escalating as appropriate to effectively mitigate and manage risks.
3. Successfully communicate and collaborate with CME’s Legal and Compliance functions and various other operational and cross functional teams within CME Group to resolve day-to-day KYC/AML related queries efficiently.
4. Undertakes daily PEP, Sanction and adverse media screening risk assessments to provide overall AML risk recommendations and undertakes periodic KYC/AML due diligence refreshes for existing low risk customers.
5. Provide assistance and support as required by Manager, KYC/AML and the EDC team to ensure the maintenance of KYC/AML standards and policy compliance.
6. Effectively manage the electronic and physical contract KYC/AML documentation repositories, including analysing and recording key KYC/AML information within various internal onboarding systems.
Required Skills:
1. Knowledge of the UK Money Laundering Regulations 2017, JMLSG Guidelines, MiFID II, applicable FCA rules and sanction regimes.
2. Specific day to day hands-on experience of managing alerts in relation to Sanctions & Media screening.
3. Understanding of the EU Money Laundering Directives, MIFID II and CFTC.
4. Good understanding of the KYC/AML Lifecycle process.
5. Ability to work in a fast-paced environment with precision and accuracy.
6. Demonstrated time management skills including ability to multi-task and prioritize.
7. Strong attention to detail and analytical skills.
8. Experience of working within a team and with both internal and external stakeholders.
9. Excellent analytical skills and the ability to discern the practical application of regulatory and legal requirements.
10. Ability to communicate and influence assertively, clearly and concisely, both in writing and verbally.
11. Knowledge of computer software (e.g. Google Suite, Excel, PowerPoint), AML and screening (e.g., WorldCheck), and ability to learn new software systems quickly.
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