KYC Analyst

Africa United Kingdom plc; City of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A financial institution specializing in Africa is seeking a Mid-Senior level Analyst for a full-time role in London. The position requires expertise in KYC and AML procedures to ensure compliance with UK regulations. The ideal candidate will have over three years of relevant experience and strong communication skills. Key responsibilities include performing due diligence for new clients, preparing compliance reports, and conducting ongoing reviews to maintain regulatory standards.

Qualifications

• 3+ years of KYC/AML experience in the UK financial industry.
• Practical knowledge of relevant UK AML regulations and legislation.
• Experience in remediation projects and data management.

Responsibilities

• Perform CDD at New Client Adoption in line with BOA UK policies.
• Prepare CDD reports for discrepancies in client files.
• Conduct Enhanced Due Diligence and regular reviews on EDD cases.

Skills

KYC/AML experience

Knowledge of UK AML regulations

Project management skills

Excellent communication

Ability to work independently

Job description

Bank of Africa United Kingdom Plc (formerly BMCE Bank International Plc) is a subsidiary of a leading international bank with a specialist focus on Africa. We serve as a trusted partner, connecting global institutions with a wide array of high-impact opportunities across the African continent.

Our core strength lies in structuring private sector deals that are often under the radar of major global investment banks and beyond the reach of local banking institutions. We provide a comprehensive suite of investment and wholesale banking services, with key divisions in Corporate Banking and Financial Markets.

In addition, we specialise in empowering African corporates by facilitating access to international capital markets and offering financial expertise tailored to their growth ambitions.

Overview

• Assist RMs in reviewing KYC files across client database and remediating as appropriate
• Assist in maintenance of client records in BOA UK relevant systems following New Client Adoption and periodic KYC refresh and liaise with Data Quality team to update the core banking system.
• Provide MI to Compliance as required
• Liaison with relationship managers and business heads as required
• Liaison with Quality Assurance and Compliance when required

Person Specification / Experience

• 3+ years KYC/AML working experience of UK financial industry.
• Practical Knowledge of relevant UK AML regulations and legislation.
• Remediation project experience i.e., able to meet deadlines and manage data.
• Background in review of high-risk clients e.g., PEPs, HNWI, Complex structure entities
• Exposure to trade finance, loans solutions, capital markets and Correspondent Banking KYC/AML desirable.
• Exposure to Onboarding of New Clients is desirable.
• Self-starter with ability to work in unstructured environment.
• African client exposure is desirable.
• Excellent written and verbal communication skills including tact and diplomacy.
• Able to use own initiative while also recognising the need to be collaborative.
• Has integrity, shows impartiality, and demonstrates good judgement.
• Has energy, drive and resilience.
• Ability to develop and manage relationships with key partners.

Responsibilities: (Day-to-day duties; job process; “typical day”)

• Perform CDD at New Client Adoption in line with BOA UK CDD policies and procedures.
• Prepare CDD reports for discrepant client files for RMs/Business heads.
• Review and remediate client files as required.
• Ensure BOA UK KYC requirements are met, files are appropriately processed, and relevant enquiries are made.
• Responsible for ensuring end-to-end KYC and due diligence requirement are being satisfied before escalating for business approval.
• Conduct Enhanced Due Diligence, EDD and regular review on EDD cases or Event Driven Review (EDR) on EDD cases.
• Timely response to all queries.
• Perform Customer risk assessment and align execution of due diligence in line with customer risk.
• Perform Name List Screening and disposition of alert or Compliance escalations when required.
• Coordinate with Back Office & GFCO to collate data needed for KYC periodic reviews and transactional reviews to share with RMs for their comments.
• Maintenance and reporting of PEP register.
• Provide advice to relationship managers and business areas as required.
• Perform transaction Due diligence when required.
• Liaise with the RM and ensure all actions are taken to avoid an overdue KYC for the existing clients.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Analyst
• Industries: Banking and Investment Banking