Compliance Assistant
- Recruiter
- Michael Page Legal
- Location
- England, London, City of London
- Salary
- £30000 - £35000 per annum
- Posted
- 18 Jan 2019
- Closes
- 15 Feb 2019
- Ref
- 13981034/001
- Contact
- Rebekah Brown
- Job Title
- Risk and Compliance
- Practice Area
- Compliance
- Contract Type
- Permanent
- Hours
- Full Time
An opportunity has arisen for an AML/KYC Compliance Assistant to join the AML team within the wider Technical & Compliance team in London.
Client Details
We offer accounting, audit and assurance, business advisory, corporate finance, forensic and litigation, outsourcing, tax and VAT services. We act for businesses and individuals both in the UK and internationally. Our staff work regularly and closely with their colleagues in our regional offices to provide a seamless service to clients, wherever they are located.
Description
The AML team is primarily responsible for processing CDD/KYC checks on new and existing clients.
We conduct risk assessments against information obtained from engagement teams, conducting external research as appropriate and utilizing third-party online ID systems. Your main responsibilities will involve analysing identification documents and the initial risk assessment completed by engagement teams.
The scope of the role will also include assisting the Compliance Manager with project work and ongoing monitoring reviews.
You should possess strong IT skills as the firm's client onboarding systems are electronic, with the ability to think on your feet when issues arise and seeking guidance where appropriate.
You should be a confident, enthusiastic self-starter with the experience and desire to play an important role in the AML team that fully meets the needs of a mid-tier firm, predominantly based in the UK.
In addition, you should possess the confidence and professionalism to establish credibility at all levels, be commercially minded and quickly assimilate the firm's AML policies, procedure and controls, and wider sectoral guidance.
You should be able to identify with the following areas of the role and demonstrate a genuine interest in Compliance and Financial Crime topics, as this form an important part of the role.
Please note a background and criminal history check will be conducted on the successful candidate.
Your main duties and responsibilities
- Review of CDD and KYC on new and existing clients, in line with firm's requirements to comply with AML regulations
- Undertaking CDD searches using the firm's third-party identification systems
- Screen new and existing clients as well as any adverse/other parties against Sanctions lists and identifying links to Politically Exposed Persons
- Conducting ongoing monitoring exercises to ensure CDD/KYC is up-to-date on existing clients
- Perform 'enhanced' due diligence where appropriate and liaise with engagement teams to conclude matters in a methodical and efficient way
- Liaise with internal departments to support KYC issues and follow-up on all outstanding issues/escalations
- Supporting the team with initiatives to enhance processes, documentation and controls on the team eg high risk jurisdiction list
- Maintaining an up to date knowledge of the regulatory environment and raise possible issues or business impacts in an appropriate manner
- Assisting the Compliance Manager with executing ad-hoc projects tasks as the firm continues to evolve and day-to-day department tasks
- Conducting research on prospective clients and presenting such information in a methodical fashion for review by the Compliance Manager/Senior Management
Profile
- Solid 1/2 years' experience in an AML/KYC role, preferably with a professional services firm
- Knowledge of domestic and international companies, partnerships, LLPs, trusts, funds and different corporate structures is a requisite
- Analyse complex corporate structures and liaise with engagement teams to request the appropriate level of CDD.
- Excellent Risk awareness (Operational, Compliance, Business and Reputational)
- Ability to form risk assessments against all available CDD/KYC and justifying the assessment with in summary fashion
- Demonstrate flexibility; a can-do attitude and willingness to go the extra mile
- Motivated to provide a professional level of expert and administrative support
- Proactively seeks feedback and strives for improvement
- Personable and ability to build relationships with all individuals across the firm
- Ability to use initiative and work independently
- Ability to manage multiple workloads and prioritise tasks efficiently
- Excellent organisational skills
- Strong attention to detail
Job Offer
What we can offer you:
- We are able to offer an interesting and varied workload and excellent prospects for progression.
- Annual salary market rate depending upon experience.
- Salary review annually in October.
- Perm Role