Senior CDD Analyst

Job Purpose

The Senior CDD Analyst s primary responsibility is to act as a business support partner to Relationship Managers in onboarding new clients into the Bank from a 1^st line of defense CDD / KYC perspective and any Periodic or Event Driven Reviews as required. Further, provide support and assistance in completion of any necessary processes/forms required to setup a client and any associated accounts (as required) in the Bank s systems and act as a liaison between Business/RMs and Compliance Department.

The role makes use of bank systems and external sources to gather, review and assess data to ensure that ABCIB complies with internal policy for the identification and understanding of clients.

KYC File Reviews:

The role will be the first point of contact for the Front Office in the provision of advice and guidance for onboarding and review of clients. Therefore, the key will be to:

• Support relationship managers to gather and ensure the timely collection of relevant CDD / KYC information and completion of Due Diligence (DD) process in line with Bank policy.
• Assess the client risk and the level of DD required for the client, i.e., Enhanced, Standard or Simplified.
• When justified, make recommendations to MLRO for their sign-off on clients moving to/from a high-risk rating.
• Identify and escalate Politically Exposed Persons associated with clients and its related parties.
• Identity and escalate any sanctions related risks to London Sanctions Advisory (LSA) Team.
• Take ownership of a file, seeing it through on an end-to-end basis.
• Proactively respond to queries from teams and clients as part of the CDD service.
• Performing against productivity and quality targets set both individually and across the team.
• Raising internal Suspicious Activity Reports where any suspicious activity is identified.
• Ensuring feedback received from Quality Control colleagues is implemented, and high quality of files is maintained.
• Liaison with other European branches and Head Office on KYC matters as necessary during on boarding or periodic review process.
• Update PEP Register as part of the on-boarding, periodic review, event driven review process.
• Support the Head of Business Financial Crime with designing and leading the creation of onboarding workflow.
• Provide training and guidance to CDD colleagues, in London and the European branches.
• Utilize digital on-boarding tool (Fenergo) to input all relevant customer information.
• Support the Head of Business Financial Crime with ad-hoc projects relating to wider AML/CDD/KYC function.

Management of NTB and PR pipeline:

• Utilize CDD case management tool IRIS to track customer file cycle and ensure that the PRs and NTBs are completed within the agreed timelines.
• Ensure that IRIS status is correct and up to date (although every analyst is responsible for its own cases, the candidate needs to ensure that IRIS provides the up-to-date status of all cases).
• To support Head of Business Financial Crime in conducting a daily team call and update e-mail template with relevant progress made by each analyst.
• Support Head of Business Financial Crime in sourcing the data of overdue PRs for weekly calls with accountable Relationship Managers.
• Be the driver of process improvement in CDD/KYC space and take active role in communicating on-going changes to the Team.

Knowledge

• Understanding of the compliance framework
• Understanding of the legislative and regulatory environment applicable to Bank ABC in London and across EU (Milan, Frankfurt, Paris).
• Understanding of cross border requirements and the application of regulation and international standards such as the latest EU Money Laundering Directive, Financial Action Task Force (FATF), Transparency International, Wolfsberg Principles (correspondent banking/trade finance)
• Working knowledge and understanding of FATCA and CRS is highly desirable, not essential
  

Experience

• Prior experience of working within a 1LOD in CDD / Client On-boarding role preferable
• Prior experience in on-boarding complex corporate structures and Financial Institutions (FIs) is a must
• Experience and Understanding of Trade Finance Product offering preferable
• Previous experience of Siron KYC system desirable
• Previous experience of Fenergo digital solution desirable

Attributes

• Openness in dealing with all staff
• A team player, possessing ability to build relationships
• Strong at written and verbal influencing
• Strong participant in discussions and meetings
• Must be able to deal with staff at all levels within the organization
• Self-starter who can work under pressure to a high level of accuracy
• Ability to read and assess legislative and regulatory notices and interpret them for implementation and application into day-to-day working procedures

Equal Employment Opportunity

Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and, in accordance with applicable laws, does not discriminate on the basis of sex, gender identity, gender expression, race, color, religion, national origin, ancestry, age, marital status, disability, medical condition, sexual orientation, or on any other basis prohibited by law.