Institutional Onboarding Analyst

JR United Kingdom; Preston; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading company in currency risk management seeks a diligent Institutional Onboarding Analyst. You will ensure compliance with regulations, manage client onboarding processes, and assess risks related to alternative investment funds. Ideal candidates will have robust experience in compliance and a good grasp of FCA regulations.

Qualifications

• Minimum of 2 years’ experience in compliance, focused on alternative banking/investment funds.
• Knowledge of FCA regulations, AIFMD, AML/CFT rules.
• Awareness of financial crime trends and technology developments.

Responsibilities

• Conduct KYC/CDD investigations on new clients.
• Develop strategies to mitigate compliance risks.
• Communicate with internal teams regarding onboarding.

Skills

Compliance

KYC/CDD Investigations

Risk Assessment

Client Communication

Education

Experience in compliance

Job description

About Us

Argentex is a global specialist in currency risk management and alternative banking solutions for businesses and financial institutions. Established in 2012 and headquartered in London, Argentex listed on London’s AIM market in mid-2019 and has since expanded to Amsterdam, Dubai, and Australia, supported by approximately 180 staff. We are an FCA regulated business.

About the Role:

We are seeking a highly collaborative and diligent Institutional Onboarding Analyst to join our Onboarding team. This role is crucial in ensuring Argentex complies with all regulatory requirements, focusing on alternative investment funds (AIFs) and other alternative transaction banking services.

The successful candidate will support the timely and compliant onboarding of funds and banking clients by assisting in implementing and monitoring compliance policies, especially related to anti-money laundering (AML), know-your-customer (KYC), and cross-border regulatory requirements.

This position requires a strong understanding of both alternative banking and investment fund structures, working closely with internal teams to mitigate risks and ensure adherence to global financial regulations.

Key Responsibilities:

1. Conduct thorough KYC/CDD investigations on new clients in the fund/institutional space, including enhanced due diligence for high-risk clients.
2. Screen all clients using automated tools, investigating and escalating any potential sanctions or PEP matches.
3. Obtain and verify client identification, proof of address, and source of funds/wealth documentation.
4. Conduct regular risk assessments, particularly around cross-border transactions and AIF structures, and recommend strategies to mitigate compliance risks.
5. Identify and pursue new business opportunities within the client portfolio, focusing on reactivations and referrals.
6. Assess the risk profile of each client and determine the appropriate level of ongoing monitoring.
7. Perform suspension or closure of client accounts as necessary.
8. Complete reactivation or refresh of institutional client accounts.
9. Communicate effectively with sales teams and other internal departments (e.g., Client Services, Dealing, Operations) regarding onboarding matters.
10. Investigate financial crime suspicions regarding new clients and escalate findings for internal review by the Financial Crime Manager.
11. Respond promptly to internal inquiries and resolve issues during onboarding.

Who are we looking for?

1. Minimum of 2 years’ experience in compliance, with a focus on alternative transaction banking and/or investment funds.
2. Awareness of financial crime trends and challenges, including developments in AI and technology.
3. In-depth knowledge of FCA regulations, MiFID II, AIFMD, AML/CFT rules, and relevant financial regulations for AIFs.
4. Experience working in a fast-paced, collaborative environment.
5. Good operational knowledge of transaction products processed for clients.

Inclusion

At Argentex, diversity and inclusion are core to our success. We encourage applicants from all backgrounds and experiences, valuing potential and a growth mindset.

What to do next:

If interested, please apply or email [emailprotected]. For assistance during the recruitment process, contact us via telephone, email, or face-to-face.