KYC SME Advisory

  • £90-£99K pa plus attractive package GBP
  • London, England, Großbritannien London England GB
  • Festanstellung, Vollzeit
  • Holmes Search
  • 04 Sep 18 2018-09-04

These newly designed positions are critical to assist the strategic direction relating to Client Lifecycle Management (CLM) of London Branch Clients ensuring the Client Due Diligence (CDD) framework is risk based and proportionate. As a member of the first line - CLM team, you will establish relationships with key stakeholders within London Branch and become a trusted partner and collaborate closely with Client Owners, second line - Financial Crime Compliance (FCC), and other functions such as Audit and Legal. You’ll work across CLM to drive scaled, harmonized solutions that assist London Branch manage financial crime risks efficiently.

  • Deputise for the Head of KYC Advisory as required
  • Understand the global CLM procedure of the Corporate Client segment
  • Understand Commerzbank structure, client coverage/segmentation and products/services offered to clients in international locations (and/or local addenda)
  • Manage an efficient  “best in class” first line “Advisory Function” to drive Know Your Client (KYC) best practices and synergies to mitigate financial crime risk in a risk proportionate approach, reflecting United Kingdom Money Laundering Regulations and the bank's Group Financial Crime policies
  • Empowering CLM team members to make informed decisions ensuring any solutions deviating from the spirit of the Due Diligence standards are fully documented and socialised with second line (where required)
  • Providing Anti-Money Laundering (AML) and KYC expert advice on UK regulatory requirements to relevant stakeholders on strategic products, client or other business initiatives
  • Develop and deliver bespoke AML/KYC training as required
  • Develop and drive a strong “mind-set” and “work-smarter” culture within CLM to apply risk based decisioning and promoting a “thinking outside the box” behaviour ensuring the spirit of the bank's policies are adhered to
  • Developing and maintaining key internal business relationships, including second line – FCC
  • Representing CLM on appropriate Committees / Working Groups and Project Work streams
  • Review and challenge (as required) policy and procedural changes and ensure impact assessments are undertaken to ensure changes are workable
  • Work with trainers to develop and deliver specific training around policy/procedure as well as ‘common error’ themes (based on QA/Reviewer feedback)
  • Cascading to relevant stakeholders any changes in AML requirements due to evolving regulations, policies and best practices by assisting to shape Key Operating Procedures, including risk based client due diligence, ensuring Procedures are workable, simple to understand and embedded
  • Act as a first line “filter” for client related issues of non-compliance, challenging where required
  • Identify and implement, on agreement of stakeholders, streamlined strategic change processes that mitigate financial crime risk (e.g. automation of adverse media and PEP screening)
  • Communicating critical financial crime risk issues to Head of KYC Advisory and relevant stakeholders
  • Assist in designing bespoke and meaningful Management Information (MI) including risk mitigation and operational key performance indicators
  • Reviewing and recommending the client risk ratings (CRR) where required, ensuring decisions to deviate are appropriately supported and documented
  • Designing and implementing systematic controls – such as Quality Control and Assurance activities
  • Provide specialist AML expertise into Projects as required
  • Assist in the review and agreement of Service Level Agreements (SLA) between internal parties and third party vendors
  • Facilitating workshops / brainstorming sessions with relevant representatives across CLM and client owners and second line to identify systemic and cultural issues, formulate plans to address – engaging project support as required
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  • Profile
  • At least 6 years’ experience working in AML/KYC or AFC environment within the financial or payment services industries
  • Professional qualification obtained through ICA, ACAMs or other
  • Knowledge of Corporate Clients and Capital Markets businesses and products
  • Able to conduct timely, risk based decisions, and resolve differences using influence
  • Displays emotional intelligence
  • Proactive self-starter, results oriented and organised
  • Knowledge of UK MLR 2017, POCA 2002, European Union (EU) ML Directives, US BSA laws and supporting regulations e.g. Fund Transfer Regulations, US Patriot Act, German Anti-Money Laundering Act and German Banking Act
  • Understanding of AML regulatory requirements in the United Kingdom and other jurisdictions (Germany, USA)
  • Demonstrated experience of driving and influencing change through excellent communication, problem solving, and stakeholder management skills
  • Team player, strong interpersonal skills, and multi-cultural understanding – international experience is an advantage
  • Flexibility to adapt to changing priorities to meet organizational and business needs
  • Track record of project management skills - experience in critical business projects and project teams
  • Fluent in English; German and/or other language skills is a plus