Financial Institution Group (FIG) Compliance Operations Executive
Description
Job Title: Financial Institution Group (FIG) Compliance Operations Executive
Location: London
Job Type: Full-Time
Reports To: FIG Compliance Manager (Interim reporting line)
ROLE PURPOSE:
To assist with compliance on-boarding duties including preliminary account checks and customer liaison related to documentation requests in regards to Financial Institution Group (FIG) customers.
Ensure desk account reviews and transactions monitoring alerts are all completed in a timely manner as part of ongoing due diligence.
Conduct correspondent banks and customer questionnaires within the expected timeframe and escalate for management review timeously. Additionally address any request for due diligence documents from prospect and existing customers.
Dealing with other Compliance day to day queries and, screening and monitoring.
Key Responsibilities:
Customer On-Boarding and CustomerOngoing CDD Compliance Operation Tasks:
› Run preliminary checks on prospective customers, including utilizing provided Compliance tools and opensource to identify Ownership and management of customers, and to perform adverse media, PEP & Sanctions in line with procedures
› Ensure CDD documents received are in line with requirements as per procedures.
› Follow the robust processes in place to review new customer on-boarding applications, ensuring all procedures are adhere to and recorded in CRM in line with procedures.
› Conduct full account reviews on prospects and existing customers as per the CDD/KYC account review procedures and in line with ongoing refresh cycle.
› Ensure legal attestations documentation are in place as per conditions of trading in line with second line approvals.
› Manage and maintain a log for outstanding attestations, promptly report and escalate to senior management missing attestations.
› Act as a liaison to respond and provide external requests for documentation including compliance questionnaires and other Moneycorp CDD documentation requested that is relevant to establishing and maintaining commercial relationships.
› Manage and follow up for outstanding documentation for prospective customers and existing FIG customers and counterparties.
› Manage daily ongoing sanctions/PEP/adverse media screening
› Perform first line transaction monitoring alerts in propriety monitoring platform.
› Process any changes to customer profile, including changes to delivery location or standard settlement instructions, adding/removing users/signatories/directors/ownership in line with procedures.
› Ensure all appropriate escalations are made to second line FIG Compliance function.
Reports and Monitoring:
› Provide management with statistical information regarding CDD status and remediation projects in a clear and concise manner.
› Maintain, manage and report on account opening progress statistics
› Monitor the exceptions log in relation to customers on-boarded
› Keep abreast of the prospective customer pipeline, and proactively manage workload.
› Assist with any other ad hoc duties/emails as and when is required.Skills, Qualifications and Experience relevant to the role:
Knowledge and Experience:
› Understanding of global AML rules and best practices
› Keeps up to date with the market
Skills:
› Able to build effective professional relationships
› Effective report writing at a level suitable for executive dissemination
› Able to work under pressure Highly organized
› Highly organized
› IT proficient
› Clear communicator
› Attention to detail