Onboarding Analyst

Overview

Role Summary: Reporting to the Account Opening Team Lead, the Senior Account Onboarding Analyst will be responsible for conducting due diligence and Know Your Customer ("KYC") processes, including periodic reviews, in alignment with UK and EU regulatory requirements. The role ensures compliance with relevant onboarding policies under the Financial Conduct Authority (FCA), European Securities and Markets Authority (ESMA), and Anti-Money Laundering (AML) directives. The Analyst will also manage customer KYC inquiries and oversee the collection and maintenance of regulatory documentation necessary for client files and Management Information (MI) reporting.

Responsibilities

• Regulatory Compliance & Onboarding: Ensure that all onboarding activities align with UK and EU regulatory requirements, including FCA, ESMA, and AML guidelines.
• KYC and Due Diligence: Conduct in-depth KYC assessments, screening against sanctions lists, identifying Politically Exposed Persons (PEPs), and evaluating adverse media reports.
• Enhanced Due Diligence (EDD): Perform EDD analysis for high-risk clients, verifying Source of Wealth (SOW) and Source of Funds (SOF) as per UK and EU financial regulations.
• Regulatory Client Classification: Classify clients in compliance with the FCA's Conduct of Business (COB) rules and ESMA's client categorization requirements.
• Risk Assessment & Escalation: Identify and escalate potential risks related to financial crime, client activity, and regulatory compliance, ensuring adherence to reporting obligations.
• Data Management & Documentation: Ensure accurate and up-to-date client records in internal systems, in accordance with regulatory record-keeping requirements.