Job Purpose:
The role of the EDD Analyst will be:
Responsible for delivering enhanced due diligence for the Retail Business.
The role of Enhanced due diligence is to identify, prevent and create and implement an enhanced due diligence framework to mitigate customer risks borne through services and/or products that we provide to our customers’ vis-a-vis the customer data that we collect.
Key responsibilities
Develop and implement an enhanced due diligence framework
Institute controls towards enhanced due diligence
Review of customer information and related transactions, analysing complex data to determine if activity appears suspicious and warrants further investigation by the MLRO
Responsible for conducting initial and periodic reviews when certain events occur that may give raise the risk profile for certain customers
Compile and assess customer due diligence documentation for flagged customers on Sanctioned and watch lists
Analyse politically exposed persons (“PEP”) and prepare accurate reports on the analysis performed and supporting documentation provided
Analyse client profiles and information according to prescribed internal policies and procedures on AML, FATCA, and UFAA and mark them as appropriate for continuous monitoring. the client on-boarding process to ensure that valid FATCA documents are received, validated and clients classified as required in source systems
Identify any inconsistencies/gaps in client information and identify US indicia
Reporting to the relevant stakeholders on all unusual transactions
Marking clients as high risk for continuous monitoring
Filing returns to Regulators based on the set deadline
Monitoring risks that have been identified in relation to the function and following up with the relevant functions to ensure that compliance is achieved.
Record all incidences in barn-owl or the risk management system as the case may be as well as in CRM.
Ensure maintenance and safety of all documentation relating to identified risk cases.
Custodian of processes and procedures manual for enhanced due diligence for retail life business.
Knowledge, experience and qualifications required
Bachelor’s degree in a business, statistics, mathematics or a related field
Apply via :
britam.taleo.net
