FTC - Know Your Client & Client Onboarding Associate
Dublin, D, IE, D02 KF20
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
Who we are
United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.
Role Summary
Is the next step in your career at SMBC Group EMEA? We’re looking for a FCMO KYC Asscoicate for our to join our team.
Purpose of Job:
The role of the Financial Crime Middle Office KYC Assciate is to the AML and KYC processes for SMBC Group Companies in relation the full onboarding of Financial Institution and on occasion other customer type KYC records. This can include if applicable the checking of others works, to ensure completeness and accuracy, and to support the Team leader in organising the daily activities of the group.
Background:
-Responsible for conducting the operation of completing KYC Onboarding in ACCORD, ensuring the efficient processing of file, adhering to current procedures and the AML CTF Standards set out by Compliance Department (CPD) of SMBC.
-Collect from Public sources all required documentation to support the Onboarding and Review process.
-Validate information/documentation collected for completeness, adequacy and accuracy. Ensure documentation is fit for purpose and in-line with internal and external requirements. Information will primarily be in relation to registration, regulation, management, ownership and KYB.
-Investigate and assess matches for Negative News and Politically Exposed Persons. Determine materiality and prepare detailed rationale for sign-off when required.
-Ensure the Interim Negative News reviews, Updates and Amendments across all systems are kept up-to date.
-Prepare/monitor and escalate to FCMO Management or CPD any necessary exceptional handling, deferral, risk re-classification, or file notes as required, ensuring rationales are thoroughly detailed within ACCORD.
-Escalate any issues arising during the On-boarding/Periodic Reviews processes to the Team Leader, and act in accordance with their further instructions.
-The role will have daily interaction with representatives of the Front Office, providing help and advice in relation to KYC requirements and the documentation to be sourced.
-Monitor the due dates of work and pro-actively chase Front office colleagues for updates on work where due dates are at risk. Escalate to team leader when necessary.
-Carry out any other AML related tasks as instructed by the Managing Director of SMFD.
-Participate and assist in organising as required ongoing projects including system development and testing.
-Ensure that BCP plans remain accurate and participate in BCP tests as required.
-Assist with the updating of Desktop Procedure Manuals as required, to reflect changes in operating processes/working practices.
-Assist in the production of any Management reporting as required.
-Assist in any Audit review or ad hoc investigation.
-Report and escalate issues to the Team Leader.
-Proactively contribute to improved team performance, by identifying weaknesses in the workflow and processes and suggesting efficiency and workflow enhancements to the Team Leader, adopting the OAD Kaizen concept.
Facts / Scale:
-Ability to work outside contracted hours if required.
-Provide support/cover around European working hours on a day to day perspective and also on London Bank Holidays.
-Working closely with colleagues in Dublin and other EMEA locations.
-There will be daily interaction with the Financial Crime Group of CPD, especially the MLRO, where files are escalated for approval in relation to PEP / Negative News assessments, or where FCMO are seeking general guidance and advice. If Sanctions or other Financial Crime aspects are identified, escalations and collaboration will be made with the CPD FCG Sanctions and Forensic teams. Due to the scope and coverage of SMBCE London FCMO staff, the role will have interactions with FO teams and the CPD teams in London and Paris.
-In an average month, a KYC analyst will be expected to fully onboard approximately 15 new clients, or if working on Periodic reviews, completed approximately 17 client reviews. The role will be directly involved in the processing, and collation of documentation to support the onboarding / review of clients, including Negative News screening and PEP assessments.
Knowledge/ Skills/ Experience/ Qualifications:
-Good written and verbal communication skills
-Meticulous eye for detail, in a four-eye checking process, well organized able to work to targets and show a flexible attitude to achieve results.
-Must be results orientated and be adaptable to change, including the implementation of new procedures, systems and assisting other areas as required.
Ability to collaborate and work within a team, supporting others to ensure the overall team objectives are achieved.
-Previous experience of working within a CDD team in a financial institution would be a benefit.
-Externally recognised qualifications in relation to AML and customer due diligence are preferable.(e.g. ICA Certificates / ACAMS)
Business Area
Financial Crime Middle Office
Position Description
FCMO KYC Associate
Competencies
What we offer
For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.
As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:
- Hybrid and flexible working
- Competitive paid leave days
- Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
- Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
- Access a wide range of learning and development opportunities and career progression opportunities
- Ambitious remuneration package
So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.