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!
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 candidate 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.
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.
Specific Responsibilities include:
Technical Knowledge: (compulsory)
Core skills and knowledge
To act with integrity at all times and embrace the philosophy of treating our customers fairly (compulsory)Regulatory Knowledge as applicable to role as above (compulsory)Proven experience of KYC analysis of both individual and complex corporate clients and understanding the due diligence of corporate documents (not limited to banking) is essential, including knowledge of third party data providers e.g. Equifax, Bureau Van Dijk, Dow Jones.Strong understanding of IBP's client lifecycle management processes and procedures;Proven experience of analysing complex legal structures;Proven experience of PEPs, Sanctions and Negative Media screening;Proven experience in performing financial crime risk assessments of clients;Basic understanding of company balance sheets, financials, and/or annual returns;ICA KYC/AML/Financial Crime Certification (completed or in progress) desirable.
Are you passionate about KYC/AML?
Are you knowledgeable on FCA?
This could be your dream job.
We commit to ensure that everyone is fairly assessed during our recruitment process.
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