- Locations One, Bank Street, London, E14 4SG, GB (On-site)
- Contract Type Permanent
Job Description
Main Responsibilities
You will be involved in all matters related to KYC and periodic reviews, throughout the client lifecycle within the Wealth Management Team at UBP. You will be building, improving, and reviewing client files for individuals, entities, trusts and other corporate structures. You will become an in-house KYC SME and will build expert knowledge of our client management systems (PG/Appway/Documentum/IMTF). Your responsibilities are not aligned to just one business line and you will assist all RM’s within the Wealth Management Team to help drive the continued success and fulfilment of your regulatory obligations through your SME contribution.
Objectives:
- Preparation of the Periodic Review for all clients at the required run rates throughout the year.
Ensure adequate AML and KYC, KYT, documentary accuracy (CDB) and adverse news screening risk mitigationon client reviews as well as the completeness of corroboration, according to the Bank’s Qualitative risk appetite,SOW/SOF corroboration standards and KYC standards.Refresh of due diligence as required Uplifting of account files as required per UBP Group standards.
- Raise and escalate any deviation to the adherence to the Bank’s standards to the relevant management, controlfunctions and/or committees.
- SME for all KYC matters related to existing clients, including understanding complex structures and processing trigger events/change in circumstances.
- Synchronize with Compliance and Client Documentation teams to ensure standards are met.
Increase risk awareness within the WM Markets by ensuring that RMs and Team-leaders are aware of internaldirectives, of the regulatory requirement and updated on all new practices with a focus on AML, CDB forms and Sanction subjects and/or other investor protection or tax documentation.
- Upon management’s request, act as a relay of authority within the WM Markets on certain initiatives.
- Act as a point of contact for raising AOC (Account Opening Committee) requests or RRAC (Relations Risk Assessment Committee) requests.
- Raise and escalate any other identified risks.
- Any other task required by management relating to the mission of the employee.
Perform all duties in accordance with the principles outlined in the UBP Code of Conduct, as well as the policies and procedures relevant to your responsibilities, to ensure that you adhere to a culture that treats clients fairly and focuses on the long-term sustainability of client relationships.
To adhere to the Bank’s Policies and Procedures and act in accordance with the regulatory requirements and standards under the Financial Conduct Authority (FCA), Prudential Conduct Authority (PRA) and the Swiss Financial Market Supervisory Authority (FINMA). To comply with the principles, codes and practices for approved persons and the rules of the FCA, PRA and FINMA as well as other regulators as applicable (JFSC/GFSC).
Governance:
- Regular meetings with appropriate 2nd Line of defense functions to ensure consistency of knowledge andpractices.
- Regular meetings with WM Relationship Managers to review the ongoing subjects and propose action plans forlong standing review issues.
- Regular reporting on activity and associated risks
Conduct Rules
This role is required to comply with the Financial Conduct Authority’s (FCA) Individual Conduct Rules, which are:
To act with integrity;
To act with due skill, care and diligence;
To be open and cooperative with the FCA, the Prudential Regulation Authoritity (PRA) and other regulators;
To pay due regard to the interests of customers and treat them fairly;
To observe proper standards of market conduct; and6.To act to deliver good outcomes for retain customers.
Person Specification
Knowledge, Skills & Experience
- Excellent knowledge of KYC/AML/Risk factors and experience in performing customer due diligence.
- Considerable experience experience within the Private Banking/Wealth Management sector.
- Experience in dealing with Tax information and forms – CRS/QI/FATCA/
- Sensitivity to other regulatory matters such as International Sanctions, Financial Crime, Cross Border mat-ters, Tax and/or Investor protection frameworks is a plus
- Strong risk awareness and able to identify and confidently raise issues.
- Ability to recognize CDB document requirements and inform Relationship Managers of any inconsistenciesor needs
- Attention to detail and client focus.
- Ability to be responsive, timely and proactive on requests.
- Taking accountability and ensuring all timelines communicated are adhered to.
- Good technical knowledge of Microsoft office.
- Excellent written and communication skills.
Fluent in English, any other languages are beneficial
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