KYC Analyst - London
Job Overview
We are seeking a diligent and detail-oriented KYC (Know Your Customer) Analyst with 2 years of experience in financial services. The ideal candidate will have a strong understanding of KYC processes, regulatory requirements, and risk management. This role is crucial in ensuring compliance with regulatory standards and safeguarding the company against potential risks related to money laundering and financial fraud.
Key Responsibilities
Client Due Diligence (CDD)
- Conduct due diligence for new clients during onboarding, ensuring compliance with internal policies and regulatory requirements.
- Review and verify client documentation, including institutional and individual accounts, to confirm authenticity and accuracy.
- Identify and escalate red flags or discrepancies found during the CDD process.
Screening & Risk Assessment
- Perform sanctions, PEPs, and adverse media screenings using tools such as Acuris 6 and World-Check.
- Conduct comprehensive risk assessments for clients, documenting findings and submitting them for approval.
- Monitor transactions and assess the potential impact of regulatory changes on existing client profiles.
Ongoing Monitoring
- Continuously review client activity to detect suspicious transactions or behaviors.
- Handle alerts generated by KYC screening tools, ensuring prompt escalation and resolution of high-risk cases.
- Maintain a robust monitoring system to ensure compliance with changing regulatory requirements.
Documentation & Record Keeping
- Ensure all KYC files are complete, accurate, and stored securely in line with company policies.
- Prepare detailed client profiles and reports for review by senior compliance officers or the MLRO.
- Regularly update and maintain organized records to ensure audit readiness.
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Qualifications
- Minimum of 2 years of experience in a KYC/AML or compliance role is preferred, ideally within financial services, or any related industry.
- Knowledge of FCA regulations and AML legislation, including financial crime and terrorist financing.
- Strong analytical skills with experience using KYC/AML tools (e.g., Acuris 6, World-Check).
- Proficiency in Microsoft Office, especially Excel, for reporting and analysis.
- Degree in Finance, Economics, Law, or a related field (preferred but not mandatory).
- A detail-oriented mindset with the ability to handle confidential information ethically and discreetly.