Client Due Diligence Analyst

LGT – Private Banking und Asset Management; Greater London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading wealth management company in the UK is seeking a candidate for the Client Due Diligence role. The applicant will be responsible for conducting client onboarding in line with UK regulations, ensuring compliance with AML and KYC standards. The ideal candidate will have over 5 years of relevant experience and excellent organisational skills. This role offers the opportunity to improve processes and contribute to a dynamic team environment.

Qualifications

• Demonstrable knowledge of UK wealth management gained in a similar role (5 years+ experience).
• Ability to identify/propose process improvements.
• Understanding of Know your client and Anti-Money-Laundering standards in the UK.

Responsibilities

• Perform client on-boarding functions including due diligence review.
• Ensure conformity with UK Know-Your-Client and Anti-Money-Laundering standards.
• Contribute to process improvement and quality assurance.

Skills

Strong numeracy and analytical skills

Excellent organization skills

Good communication skills both written and verbal

Proactive and a good team player

Knowledge of UK wealth management

Understanding of FATCA and CRS

Education

5+ years experience in similar role

IOC exams

Tools

PC/Microsoft Office

JHC Wealth Asset Management platform Figaro

Job description

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 clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham, Bristol and Manchester. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.

Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £30 billion in funds under management and circa 700 staff.

Job Description

Business Unit

Client Due Diligence is responsible for performing client on-boarding functions, which includes due diligence review in accordance with FCA regulations and company policies. This is accomplished by working with the front office, Compliance and Legal teams both locally and also other branch offices.

Brief Role Objective

The role holder will be required to understand the client structures and types of account and to review client account opening documents to ensure conformity with UK Know-Your-Client and Anti-Money-Laundering standards. The role holder will also be required to grant approvals upon fulfilment of documentation requirements, work with the front office and particularly with Compliance for any exception approvals, administer document archiving and to collate/provide for management reporting. They will be expected to contribute to all aspects of the Client On Boarding function including process improvement and quality assurance across the function.

Key Responsibilities

• Load new client details and check and validate the client details have been correctly input.
• Delivery of AML/KYC standards to the client on-boarding process.
• Open additional accounts for existing clients.
• Maintenance of key information about clients for Management Information statistics
• Active learning of new product or account types by working closely with Compliance.
• Keep abreast of regulatory changes.
• Keep procedure manuals up to date when new structure are created or changes to procedures.
• Train others within the team when required, particularly around new and complex accounts where extra training and discussion has been sought with Compliance.
• Act as an escalation point within the team and throughout Vestra for new and complicated account structures and only request information from Compliance when absolutely necessary.
• The development of new/improved processes or controls to meet the changing demands of the business, the Regulators, technology etc.

Requirements

Technical Requirements

• Strong numeracy and analytical skills;
• IOC exams an advantage

IT

Essential

• PC/Microsoft Office Literate

Desirable

• Experience of JHC Wealth Asset Management platform Figaro

Other skills, competencies and attributes

• Demonstrable knowledge of UK wealth management gained in a similar role (5 years+ experience).
• Excellent organisation skills. Ability to identify/propose process improvements.
• Build strong working relationship with the Front office.
• Must be pro-active and a good team player.
• Understanding of FATCA and CRS
• Good understanding of Know your client and Anti-Money-Laundering standards in the UK
• A creative and innovative approach to problem-solving;
• Excellent organisation skills;
• The ability to persuade and influence others.
• Good communication skills both written and verbal.
• Can exhibit skill in prioritisation, planning, monitoring and self-management
• Quickly adapts to new working environments

Contact Information

We are looking forward to receiving your online application.

For any further information please do not hesitate to contact us.

LGT Wealth Management UK LLP

Human Resources

Alex Johnson