KYC Analyst - London London, England
Job description
Vitol is a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon. It trades 8 million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.
Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 16mm3 of storage globally, 480kbpd of refining capacity, 7,000 service stations and a growing portfolio of transitional and renewable energy assets. Revenues in 2019 were $225 billion. For more information please visit: https://www.vitol.com/
Our people
Our people are our business. It is our people’s expertise, innovation, drive and relationships that develop and grow our business. Talent is precious to us and we create an environment in which we believe individuals can reach their full potential, unfettered by hierarchy.
Vitol has a flat, meritocratic organisational structure, which we believe encourages an entrepreneurial and collaborative approach, with everyone primarily focused on delivering results, and delivering them efficiently and safely.
Our business is global and our people are as diverse as the world in which we work. We have over 60 nationalities among our team – giving us a diversity of thinking which we believe translates into a greater understanding of our customers and better and more informed decisions.
Compliance
Vitol is complex in structure and comprises many companies and assets worldwide.
The Compliance function in Vitol is supported by a Compliance Committee which reports to the Executive Committee. The Compliance function has the responsibility for:
- Designing and managing the compliance programme
- Providing strategic recommendations to management
- Day to day support and providing advice to businesses on compliance issues
- Identifying the compliance risks (regulatory and corporate) across all jurisdictions where Vitol operates for both physical & financial businesses, and ensuring Vitol remains in compliance with all applicable laws and regulations (e.g. trade sanctions, bribery & corruptions, AML, position limits, etc.)
- Implementation of systems and controls in relation to regulatory, corporate and legal risks
- Developing and delivering training
- Providing support to the people in charge of trade monitoring
- Managing relationship with authorities, regulators and exchanges
- Advocacy with law makers and regulators
Position Summary
The KYC Analyst will be part of the centralised Due Diligence team supporting all Vitol offices in delivering the KYC policy and related procedures and controls. They will report to the Senior KYC Analyst who is based in London.
Based in London, the KYC Analyst will focus on North and South America and have responsibility for:
- Performing assigned tasks as part of on-boarding, regular and event-driven review of counterparts
- Conduct Sanctions, PEP and Adverse Media screening in accordance with Vitol procedures and escalate accordingly
- Collect and verify information and documentation obtained
- Where valid reasons exist to deviate from KYC standard documentation ensure the rationale is appropriately documented and approved, clearly stating identified risks and mitigating factors
- Manage case load and take ownership by tracking with business owners to ensure cases complete in a timely manner
- Liaise with business owners and management to clarify, investigate, escalate and resolve issues as they arise
- Document outcomes of due diligence performed
- Undertaking additional activities as directed by the Senior KYC Analyst
- Working together with the global Compliance team
The KYC Analyst will be part of the Global Compliance team. Professional development is a core ethos of the team and the successful candidate will be trained and supported in all areas relevant to the role.
Qualifications and Experience
- The candidate will preferably have at least 2 to 4 years hands on experience in due diligence, preferably with some experience in a commodities or trading firm.
- Strong analytical skills and excellent attention to detail
- A high standard of English knowledge (written and oral)
- Preference for Spanish and Portuguese language
- Excellent IT skills
- Working proactively and independently
Personal Characteristics
- Highly responsive, proactive, energetic and enthusiastic
- Capable of prioritising tasks, meeting critical deadlines and of working on his/her own, remotely
- Ready to work long hours when required
- Can work independently
- High stress tolerance/ resilience
- Strong communication skills, both verbally and in writing
- Solution and results oriented with a common-sense approach
- Well organised, disciplined and able to follow through
- Able to work across organisational and cultural boundaries
- Flexible and able to manage multiple projects simultaneously
- Team player, with an open non-political style and a high level of personal integrity
