Job Title: Technical Officer, KYC Onboarding and Review Team Job Code: 1127256
Skill Band: Finance Location: United Kingdom - Chatham
Type: Permanent Date Posted: 19 Mar 2019 Technical Officer, KYC Onboarding and Review Team Chatham, Kent About Us All roles within Lloyd's have an integral support part to play in the achievement of the current strategic vision and will contribute overtly to: Lloyd's becoming a brand that is globally admired and recognised and respected for its reputation as the world's specialist centre for (re)insurance. Lloyd's will be known around the world for its integrity and will be a place where talented, diverse and socially responsible employees feel proud to work. The Role To support the Manager, Know Your Client (KYC) Onboarding and Review, in delivering an effective, high quality and efficient service that conforms to Lloyd's compliance arrangements and relevant regulatory framework in respect of Membership of Lloyd's and associated activities. What Will You Do?
Responsible for activities relating to corporate membership of Lloyd's including (but not limited to) on-boarding of new, high risk members and third parties, change in controller and converting members. Make recommendations for rejection/approval as appropriate with evidence of decisions
To undertake high risk Anti Money Laundering (AML) and Enhanced Due Diligence (EDD) investigations in to and analysis of multi-jurisdictional Members and entities, involving a variety of complex corporate structures, such as Trusts, Partnerships and Financial Institutions. Make recommendations to proactively manage those risks.
Monitoring business relationships with internal intelligence tools and systems
Provide support to the Manager with the monitoring and reporting of members and third parties to Market Services Financial Crime Manager and escalate suspicious activity from overnight screening and transaction monitoring concerning Politically Exposed Persons (PEPs) and sanctioned entities.
Reviewing PEP matches, material negative press issues, potential reputational risks, suspicious and unusual cases appropriately for escalation to Financial Crime Management
Ensure compliance with Lloyd's Trustee obligations, financial crime and anti-money laundering legislation
Ensure that effective controls and procedures are present and maintained, thereby mitigating risks to within Lloyd's acceptable risk appetite levels
Provide on-going AML/EDD training and support to colleagues and stakeholders as and when required
Undertake regular reviews of existing procedures and ensure all regulatory guidelines and process improvements and recorded and published.
Build and maintain strong relationships with all stakeholders to deliver a high level of satisfaction
Responsibility for monitoring and reporting all outstanding items/queries that require escalating to the Manager.
What You'll Need
Ability to react to continual changes in market conditions and policies
Ability to build and maintain stakeholder relationships
Influencing & negotiating skills
Ability to support a culture of continuous process improvement
Ability to use IT to analyse complex data
Ability to focus on the detail
Review & evaluation skills
Ability to interpret legal and regulatory advice & take appropriate practical actions
Knowledge of relevant UK and International legal & regulatory requirements
Extensive knowledge of client onboarding requirements and the associated risks to Lloyd's
Understanding of the risks and issues that impact on the ability of the team to meet its objectives
Understanding of business process and systems change tools and best practice principles
Detailed knowledge of rules relating to membership of Lloyd's and Lloyd's trustee obligations
Knowledge of the Lloyd's annual business timetable
Experience of working in EDD / AML
Experience of stakeholder management
Experience of working as part of a multi-process Team with varying fixed deadlines
Experience and understanding of financial and operational risk
Experience of working within the rules and regulations of Financial Crime, Anti-Money Laundering and CASS
Experience of client on-boarding requirements
As the successful candidate, you can expect to be rewarded with a competitive salary, an enviable range of benefits. To apply, please visit www.lloyds.com We are committed to flexible working, therefore if you would like to consider this as a part-time opportunity, please email firstname.lastname@example.org At Lloyd's we believe that innovation comes from having an inclusive culture of equality and diversity. We use ClearTalents to discover how we might help you feel welcomed, supported and able to do as well as you can when applying to work for us, including identifying any reasonable adjustments that we may need to make. Should you feel that you require reasonable adjustments during your application process we request that you please follow this link to create a ClearTalents user profile: https://cleartalents.com/apply/lloyds-kto1553008308
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