CLM KYC Review Analyst

Mumbai, Maharashtra
Permanent
Full-time

6 days ago

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.Description of role and key responsibilitiesThe Client Lifecycle Management team (CLM) oversees the end-to-end KYC (Know Your Customer) process for Clients of Investec Bank PLC. This includes New Business Onboarding for New and Existing Clients, Periodic Reviews, Triggered Event driven reviews and finally Offboarding. CLM support clients (both Individuals and Corporates) from HNW, Private Clients, Private Companies, Listed Companies, Funds & Trusts for a variety of sectors, which includes both UK based and overseas companies. We also support Global Markets and Principal Investment. CLM works alongside the MLRO & Financial Crime team to deliver their policies and apply appropriate Regulatory Classification, as well as operational support for Investec Bank PLC (IBP) and offshore subsidiaries and branches.Objective of RoleThe primary responsibility of this role is to perform core AML/KYC due diligence on Periodic Reviews & Triggered Events. Such responsibilities include but not limited to ID & Verification, PEP & Sanction Screening, Negative Media/Adverse Media screening, Financial Crime Risk Re-assessment, and ownership re-validation. In addition, this role includes Regulatory Classification (e.g., MiFID, EMIR, FSCS, FATCA/CRS and UK CASS rules etc), and other processes of existing clients for both Investec Bank plc (IBP), and offshore subsidiaries and branches including USA & India.
As well as the primary responsibilities, the role requires candidates to work independently and diligently, be able to identify issues and problem solve, manage multiple business priorities, have a strong control mind-set and be able to articulate clearly between Business and CLM team. The candidate will also be responsible for working closely within the team, Financial Crime, MLRO, Businesses (both UK and non-UK) and other colleagues in Operations, Legal, Credit and Risk.Specific Responsibilities include:

Timely, efficiently, and accurately conduct AML Reviews of existing clients, ensuring client records are accurate in all systems and that supporting documentation is saved and filed correctly.
Completing the end-to-end journey of a KYC Periodic Review from gap analysis to obtain & updating information/documentation & final submission.
Interpreting and analysing KYC data to accurately risk assess existing clients, making sound judgement calls in terms of escalation and risk mitigation.
Performing PEP, Sanction and Negative Media screening and analysing the results to discount or confirm matches.
Completing the required periodic client reviews within the prescribed time frame set out by IBP & regulators.
Understand the differences across multiple business lines and apply the appropriate defined processes accordingly.

Technical Knowledge: (compulsory)

Strong understanding and ability to apply FCA UK regulations and JMSLG directives.
Solid understanding and ability to apply the 4th & 5th EU AML Directive that came to effect.
KYC knowledge for Limited companies, PLC's, Funds, Trusts & SPV's
Knowledge of non-UK (such as India and US) KYC/AML requirements
High IT literacy skills and able to navigate around minor IT issues independently (highly desirable)
Performing appropriate regulatory classification processes (e.g. MiFID, EMIR, FSCS, MIFID, SME, UK CASS rules, FATCA/CRS classifications) & checking client documentation
Up to date with all UK & EU AML requirements

Core skills and knowledge

Regulatory Knowledge as applicable to role as above (compulsory)
Proven experience of KYC analysis of both individual and complex corporate clients and understanding the due diligence of corporate documents (not limited to banking) is essential.
Proven experience of analysing complex legal structures.
Proven experience of PEPs, Sanctions and Negative Media screening.
Proven experience in performing financial crime risk assessments of clients.
Basic understanding of company balance sheets, financials, and/or annual returns.
ICA KYC/AML/Financial Crime Certification (completed or in progress) is desirable.

Any other attributes that would be helpful, but not essential for the role.

Strong attention to detail e.g., accurate capture of data.
Analytical and risk assessment skills.
Competent computer skills.
Strong understanding & adherence of processes & procedures.
Comfortable with managing and interpreting data.
Good verbal and written communication skills.
Interacts with stakeholders in a professional, service-orientated manner; and
To have exposure to all regulatory classification would be very beneficial

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same - if the role excites you, please don't let our person specification hold you back. Get in touch!Recite MeWe commit to ensure that everyone is fairly assessed during our recruitment process. To assist candidates in completing their application form, Recite Me assistive technology is available on our Careers pages. This can be accessed by clicking on the 'Accessibility Options' link at the top of the page.The Recite Me tool includes a screen reader, styling and customisation options, a series of reading aids, a translator and more.If you have any form of disability or neurodivergent need and require further assistance in completing your application, please contact the Careers team at who will be happy to assist.Meet the recruiterNyati DixitWe commit to ensure that everyone is fairly assessed during our recruitment process.Let us know if you need any reasonable adjustments to complete your application.Share this pageJob AlertsCreate an alert subscription based on this JobBenefitsPensionPrivate Medical CoverVirtual GPGym DiscountsPsychologist ServiceAnnual LeaveLife AssuranceLoadingXLoading...Email*span class="labelText">Email
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