Head of Correspondent Banking Due Diligence and Client Onboarding

2 days ago

London Area, United Kingdom Compliance Professionals Full time

THE COMPANY:

Our client is a a global banking group with offices based in the City. They are looking to hire a Head of Correspondent Banking Due Diligence and Client Onboarding.

THE RESPONSIBILITIES:

  • Managing the due diligence and client life-cycle process for customer, vendor, and counterparty relationships from initial onboarding to periodic and trigger-event driven reviews and offboarding and exits process for customers, counterparties and vendors / suppliers.
  • Ensuring that appraisals and competency assessments are completed for members of the Client Onboarding department, and that opportunities to develop their, skills, knowledge and abilities are provided.
  • Provide subject matter advise and guidance to the Deputy Head of Client Onboarding and Senior Business Compliance Manager, Correspondent Banking Due Diligence as well as the wider the Client Onboarding department with regards to customer due diligence and enhanced due diligence
  • Drafting, maintain and where relevant update client onboarding / client life-cycle operating procedures for the department in line with the Bank's policies and procedures and ensure these are effectively implemented and embedded.
  • Ensuring support and guidance is provided to Relationship Managers with regards to due diligence and client life-cycle requirements.
  • Working closely with Relationship Managers in maintaining adequate Service Level Agreements (SLAs) for the timely completion of due diligence records;
  • Maintain ownership of the Client Lifecycle Management system and ensure relevant enhancements are identified, scoped and implemented.
  • Provide on-going support to the development and implementation of digital platforms for client life-cycle management.
  • Ensuring adequate records are kept with regards to the steps that have been taken in terms of due diligence and client life-cycle management of individual relationships.
  • Providing sign-off (i.e. confirmation that KYC has been completed satisfactory) for all client accounts (both new and existing clients at point of onboarding and refresh and remediation);
  • Identify, manage, initiate and where relevant execute projects and initiatives to improve the operational effectiveness of the Client Onboarding department.
  • Providing relevant and timely Management Information (MI) to senior management and relevant governance and oversight committees on the operational and risk management effectiveness (i.e. Key Performance Indicators) of the Client Onboarding department;
  • Ensuring the Risk Assessment and Controls Self-assessment is completed.
  • To ensure regulatory compliance to on boarding and Client Life Cycle management (CLM).

EXPERIENCE REQUIRED:

  • Must have strong Correspondent Banking experience – this is a requirement for the role
  • Must have extensive knowledge of the UK regulatory framework with excellent knowledge of retail, wholesale, and correspondent banking due diligence.
  • Be a Customer Due Diligence and Enhanced Due Diligence subject matter expert with excellent understanding of requirements relating to high risk: a) regions, b) products and c) customers.
  • Must be able to understand and apply outcome focused regulation and have a sound risk awareness.
  • A minimum of 10 years' experience within a Customer Due Diligence function in a financial services environment, ideally gained at a small or medium size firm.
  • A minimum of 5 years' team management experience essential.

For further information please contact Hannah Tabatabai

  • Head of Correspondent Banking

    3 weeks ago

    London, United Kingdom ea Change Full time

    Job DescriptionRole: Head of Correspondent BankingLocation: LondonStart: ASAPSalary: £130kOur market leading Banking client are seeking a highly experienced and strategic Head of Correspondent Banking and Client Due Diligence to lead our client lifecycle and onboarding function. This critical leadership role ensures that all client, counterparty, and vendor...

  • Head of Onboarding and Inlife Customer Due Diligence

    2 days ago

    London, United Kingdom RBS International Full time

    Our people work differently depending on their jobs and needs. From hybrid working to flexible hours, we have plenty of options that help our people to thrive. This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom. Join us as Head of Onboarding and Inlife Customer Due Diligence - As customer...

  • Client Due Diligence Manager

    6 days ago

    London, United Kingdom payabl. Full time

    This range is provided by payabl.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.Base pay rangepayabl. empowers businesses to grow through payments innovation and banking services. Our ambition is to expand our strong portfolio of global financial services we provide to businesses and make them all...

  • Client Due Diligence Manager

    6 days ago

    London, United Kingdom LGT Group Full time

    LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based...

  • Client Due Diligence Manager

    2 weeks ago

    City Of London, United Kingdom LGT Vestra LLP Full time

    OverviewLGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey...

  • Associate - Customer Due Diligence

    3 weeks ago

    London, United Kingdom Bank of China (UK) Limited Full time

    Operations Services - Financial Crime Operations department is responsible for ensuring that all financial crime risks in Bank of China (UK) Limited and Bank of China Limited London Branch (jointly referred to as the Bank) are identified, managed or mitigated within the first line of defence (1LoD). A key component of the department's coverage is...

  • Client Onboarding Executive

    1 week ago

    London, United Kingdom TWM Solicitors LLP Full time

    **The Firm** Established in 1799, TWM Solicitors LLP is a leading South East law firm with approximately 220 people across offices in Surrey and SW London. We are a full service firm - for private clients we are renowned for family law, residential property, tax planning, trusts, wealth management and wills and probate. For business clients we have teams...

  • Client Due Diligence, Senior Analyst

    2 weeks ago

    London, United Kingdom Page Personnel Finance Full time

    You will be responsible for conducting AML/KYC in accordance with Regulatory requirements and Policies & Procedures of the Bank. You will deal with a variety of entity types, the majority in the high-risk category. You will work closely with the RelationshipManagers and the Company's Anti Financial Crime team. **Client Details** A UK regulated bank that...

  • Client Due Diligence, Senior Analyst

    5 hours ago

    London, United Kingdom Page Personnel Finance Full time

    You will be responsible for conducting AML/KYC in accordance with Regulatory requirements and Policies & Procedures of the Bank. You will deal with a variety of entity types, the majority in the high-risk category. You will work closely with the RelationshipManagers and the Company's Anti Financial Crime team. **Client Details** A UK regulated bank that...

  • Enhanced Due Diligence Associate

    1 week ago

    London, United Kingdom HSBC Full time

    -Job description Some careers prize diversity more than others. If you’re looking for a career where you will be respected as an individual and valued for the contributions you make, join HSBC and discover how diversity drives our success. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers...