KYC Analyst, Wealth Management - 12 month FTC London, England
Rothschild & Co
Full Time
London, England
10.56 - 12.04 GBP Today
Job description
About Us
As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
Rothschild & Co is a global and family-controlled group. We provide M&A, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals and governments, worldwide.
Having been at the centre of the world's financial markets for more than 200 years we can rely on an unrivalled global network of more than 3,800 talented employees and a track-record of outstanding execution with 60 offices around the world.
Our integrated global network of trusted professionals and decision makers around the world provide in-depth market intelligence, meaning we can be closer to current issues than any other global financial institution in our core markets.
It is this scale, local knowledge and intellectual capital that allow us to provide a distinct perspective and effective long-term solutions for our partners.
Rothschild & Co Wealth Management
Within Private Wealth Management we offer an objective long-term perspective on investing, structuring and safeguarding assets, to preserve and grow our clients’ wealth.
We provide a comprehensive range of private wealth services to some of the world’s wealthiest and most successful families, entrepreneurs, foundations and charities. In an environment where short-term thinking often dominates, our long –term perspective sets us apart. We believe preservation-first is the right approach to managing wealth.
The Periodic Review Team
The Periodic Review Team is part of the wider Client Account Management Team which also incorporates the Account Opening and Client Data Management Teams, ultimately reporting into the COO.
The Periodic Review team is responsible for the timely and compliant review of all client accounts in line with AML regulatory requirements. The team reviews a wide range of account types including accounts for individuals, companies, trusts, pensions, charities and insurance wrappers. The team is responsible for the review and approval of all low and medium risk clients and will complete the review of high risk and PEP clients before escalating to Compliance for approval. The team is also responsible for reviewing the client static data held in the system and updating the data where necessary.
Overview of Role
We are hiring a KYC Periodic Review Specialist who will report into the Periodic Review Team Leader. The role involves regular direct contact with the Front Office teams and Compliance in order to facilitate the reviews of client accounts.
The candidate is expected to demonstrate good communication skills as they will need to clearly explain remediation requirements to Front Office client teams. The candidate will also need to show an ability to be pragmatic and proactive when presented with a problem or error which requires “out of the box” thinking The candidate should also be able and confident to generate ideas to help improve current procedures and controls to prevent future errors, improve quality and to make processes more effective and efficient.
The candidate should be able to demonstrate a strong understanding of the regulatory framework relevant to the role, whilst grasping the importance of a smooth and efficient service for the Front Office teams and end clients. The candidate should possess strong organisational skills with an ability to manage several tasks at the same time and deliver to challenging deadlines when required.
The candidate will help support the team to deliver ongoing monitoring of client relationships via Periodic reviews and trigger events, including ongoing PEP/sanction and adverse media screening of clients and connected parties
Elements of the review process
- Ownership of the end to end review including analysis of Source of Wealth narratives and corroboration, legal documentation and broad Client Due Diligence
- Update KYC records and client profiles according to the policy requirements
- Review PEP / sanction checks and media screening searches to identify potential high-risk factors and discount where required.
- Risk assessment of client relationships to determine whether the risk rating remains appropriate
- Communicating with the Front Office to explain the remediation requirements, managing expectations and delivering to support an excellent client journey
- Updating client data in the system and ensuring that clear and complete records are maintained to document the review process
- Regular reporting to the Team Leader and senior management on the progress of the reviews
- Appropriately evaluate risk and to make decisions, demonstrating consideration for the firm’s reputation and regulatory policy.
- Contributing to a positive, supporting, and proactive working culture by sharing knowledge and expertise both within the team and wider group.
Additional responsibilities
- Assisting the wider Account Management Team with central tasks, such as regulatory projects
- Contributing to improvement of Account Management Team processes
- End to end ownership of trigger event driven reviews and other client lifecycle amendments
- Management and prioritisation of own workload
Key Competencies
- In depth knowledge of regulatory CDD requirements, including corporate entities and trusts
- At least two years minimum experience of working within a periodic review the financial services sector with a focus on the wealth management sub-sector being desirable
- Strong IT skills including expertise in Excel
- Diligent and high level of attention to detail
- Excellent oral and written communication skills
- Strong organisational and time management skills
- Self-starter and team player
Our goal is to have a balanced, inclusive and flexible environment which enables all colleagues to achieve their personal and professional aspirations, and to ensure that Rothschild & Co provides longer term opportunities for talent.
