AML & Financial Crime Associate

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.

KYC Analyst

Primarily supporting offices in the EMEA region:

• The function of this role is to process client KYC files, in relation to the onboarding of new clients into the Bank, and the amendment update and Periodic Review of the existing client population.
•  This includes but is not limited to the investigation and documentation of the client’s ownership structure and ultimate beneficial owner. The identification and investigation of any associated PEP’s providing detailed rationale of their materiality and classification for approval by the MLRO. The examination and classification of negative news articles and the rationale for the classifications, including the ongoing monitoring of serious negative news articles. 

Essentials for the role:

• The role requires a good understanding of the regulatory framework associated with Financial Crime / Sanctions / AML and to keep abreast of the changes to this.
• Previous experience of working within a CDD team in a financial institution would be a benefit
• The role requires excellent communication skills both written and verbal and the ability to communicate complex issues and regulatory requirements to all levels of the organisation.

Scale of the role:

• This role has no direct reports from a management / snapshot perspective.
• This role may have contact with FCMO teams EMEA wide for information sharing and cooperation re client data, where group introductions are in place.
•  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.

FCMO, Operations & Administration Department

• To act within the first line of defence, in the three lines of defence model. The role is designed to  protect the Bank by identifying Financial Crime and Sanctions risks associated with the onboarding of new clients into the Bank, and conducting periodic due diligence on all existing clients, using a risk based approach.
• To ensure that the client information registered in the banks KYC systems are consistent and have been correctly completed. This includes any customers classifications required for regulatory purposes. The role will also ensure that the correct regulatory notices and customer communication have been stored in the banks KYC systems, and where necessary have been correctly acknowledged by the customer.
• To escalate and formally report any client, or client activity which appears to expose the Bank to any sanction or Financial Crime risks to the Compliance Department second line for advice / guidance, submitting a SAR where necessary.

KYC Analyst

Primarily supporting offices in the EMEA region:

• The function of this role is to process client KYC files, in relation to the onboarding of new clients into the Bank, and the amendment update and Periodic Review of the existing client population.
•  This includes but is not limited to the investigation and documentation of the client’s ownership structure and ultimate beneficial owner. The identification and investigation of any associated PEP’s providing detailed rationale of their materiality and classification for approval by the MLRO. The examination and classification of negative news articles and the rationale for the classifications, including the ongoing monitoring of serious negative news articles. 

Essentials for the role:

• The role requires a good understanding of the regulatory framework associated with Financial Crime / Sanctions / AML and to keep abreast of the changes to this.
• Previous experience of working within a CDD team in a financial institution would be a benefit
• The role requires excellent communication skills both written and verbal and the ability to communicate complex issues and regulatory requirements to all levels of the organisation.

Scale of the role:

• This role has no direct reports from a management / snapshot perspective.
• This role may have contact with FCMO teams EMEA wide for information sharing and cooperation re client data, where group introductions are in place.
•  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.

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!!