Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.
Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.
Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!
Description of role and key responsibilities
The Client Lifecycle Management team oversees the end-to-end KYC process for Clients for Investec Bank plc. This include New Business Onboarding for New and Existing Clients, Periodic Reviews & Triggered Events and finally Off boarding.
CLM support clients (both Individuals and Corporates) from HNW, Private Clients, Private Companies, Private Equity, Listed as well as Specialised Sectors including Aviation, Power & Infrastructure, Real Estate, Resource Finance and Fund Solutions. We also support Global Markets and Principal Investment.
CLM works alongside with MLRO & Financial Crime to deliver their policies and apply appropriate Regulatory Classification as well as operational support for Investec Bank plc (IBP), and offshore subsidiaries and branches.
Objective of Role
The primary responsibility of this role is to perform core AML/KYC due diligence on New Business for New and Existing Clients.
Such responsibilities include but not limited to liaison with Business, ID & Verification, PEP & Sanction Screening, Negative Media/Adverse Media screening, Financial Crime Risk Assessment and Ownership Validation.
In addition, this role includes Regulatory Classification (e.g. MiFID, EMIR, FSCS, SME, FATCA/CRS and UK CASS rules etc.), and other processes of existing clients for both Investec Bank plc (IBP), and offshore subsidiaries and branches include Australia.
The role requires to work very independently and diligently, able to identify issues and problem solving whilst performing the primary responsibility mentioned above.
This includes but not limited to managing multiple business priorities, strong control mind-set, able to articulate clearly between Business and CLM team to ensure seamless handover process between time zone and during absences.
The candidate will also be responsible for working closely within the team, Financial Crime, MLRO, Businesses (both UK and non-UK) and other colleagues in Operations, Legal, Credit and Risk. On top of these, the role requires self-control & time management to oversee end-to-end journey including downstream activation.
Specific Responsibilities include:
Technical Knowledge: (compulsory)
Strong and solid understanding on FCA UK and JMSLG directive.Solid understanding and able to apply the 4th & 5th EU AML Directive that came to effect.Experienced in applying FCA, JMSLG and EU AML Directive in every Onboarding and/or Review cases.In addition, to have relevant knowledge on non-UK (such as Australia, Singapore, India and US) KYC/AML requirements.High IT literacy skills and able to navigate around minor IT issues independently i.e. iMeta and CRM (highly desirable).Performing appropriate regulatory classification processes (e.g. MiFID, EMIR, FSCS, MIFID, SME, UK CASS rules, FATCA/CRS classifications), checking client documentation, activating clients.Up to date with all UK & EU AML requirements.
Core skills and knowledge
Attention to detail e.g. accurate capture of data;
Analytical and risk assessment skills;
Competent computer skills;
Strong understanding of process;
Comfortable with managing and interpreting data;
Good verbal and written communication skills;
Interacts with stakeholders in a professional, service-orientated manner; and
Ability to work independently with minimal supervision and advice;
To have exposure to all regulatory classification would be very beneficial
Are you passionate about QC/KYC and analyzing reviews ?
Are you knowledgeable about FCA and JMSLG ?
Looking for a challenging and satisfying environment?
This could be the right opportunity for you
We commit to ensure that everyone is fairly assessed during our recruitment process.
Let us know if you need any reasonable adjustments to complete your application.