Operations Analyst - Client Onboarding & CDD

Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs.' It provides services such as Deposit-as-a-Service (DaaS), Embedded Banking, real-time Clearing, Payments, and Settlement, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.

Requirements:

  • Ensure the due diligence on prospect clients is accurate complete in line with the UK Bank’s policies and procedures and UK regulatory expectations.
  • Collaborate with our Transaction Monitoring team to review payment flows and identify risks
  • Assess and analyse the financial crime risks posed by prospect clients.
  • Support in the adaptation and implementation of new policies and procedures.
  • Draft and complete First Line Assessment reports on prospect clients in a clear and concise manner which can be easily interpreted by senior stakeholders.
  • Have a strong understanding of the UK’s AML regulatory requirements and their practical application in relation to KYC/ CDD.
  • Continually review processes with a view to identifying areas of improvement.
  • Collaborate with key stakeholders to ensure there is alignment in client information requests.
  • Willing to support and own additional processes, projects, and responsibilities within the Banks CDD team as required.
  • Support in the production and analysis of MI to develop an effective monitoring and control framework.

Essential Skills:

  • Strong analytical and problem-solving skills, with the ability to conduct detailed risk assessments and identify potential risks
  • In-depth  knowledge of KYC, AML, CDD, and EDD requirements, including regulatory  compliance standards
  • Proficiency in using onboarding systems, compliance platforms, and risk assessment tools
  • Excellent communication skills, with the ability to explain risk findings clearly and concisely to stakeholders
  • High-level accuracy in documentation, ensuring clear and comprehensive audit trails
  • Ability to manage complex cases with minimal supervision, escalating high-risk cases appropriately
  • Demonstrated adaptability and agility in thriving within a rapidly changing, fast-paced environment, with the flexibility to accommodate evolving business and     client needs.
  • Strong attention to detail with a proactive approach to identifying and mitigating compliance risks
  • Collaborative skills to work effectively with cross-functional teams, including Compliance and Sales
  • Commitment to continuous learning and staying up to date with regulatory changes and industry best practices
  • Have a strong understanding of correspondent banking, payment flows and solutions to ensure risks and required mitigants are understood
  • Demonstrated expertise in conducting due diligence on complex client types.

 Location

·      London (5 days per week in the office)

·      Travel to other locations may be required on occasion.

Diversity

Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.

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