Junior Due Diligence Analyst

BMS Group; Greater London; On-site; GBP 40,000 - 60,000; Full time

Job summary

An established industry player is seeking a diligent Associate to join their team in the heart of London. This role focuses on ensuring compliance through meticulous verification of due diligence information and effective use of sanction checking software. You'll be responsible for identifying high-risk cases, advising on policy application, and contributing to departmental projects. In this dynamic environment, your proactive approach and excellent IT skills will be crucial for success. If you are a self-motivated individual who thrives under pressure and is passionate about compliance, this is the perfect opportunity for you to make a significant impact.

Qualifications

• Experience in Due Diligence/KYC/Compliance, preferably in Financial Services.
• Knowledge of sanction checking software and regulatory requirements.

Responsibilities

• Verify Due Diligence information and escalate high-risk cases.
• Produce reports and ensure compliance with company policies.

Skills

Due Diligence

KYC

Compliance

Sanction Checking Software

Excellent IT Skills

Time Management

Communication Skills

Self-motivated

Tools

World Check

Job description

Reports to: Director - Due Diligence & Market Security (DDMS)

Location: London

Key Responsibilities & Accountabilities:

• Verification of Due Diligence information received, at initial Account onboarding, and later at Due Diligence reaffirmation stage through Internet searches and applications. Using Sanctions & Regulatory Checking database (World Check) to establish if there are reputational or sanction related issues. To form a risk-based decision that is appropriate and auditable and create applicable BMS broking system accounts thereafter.
• Ensure that during the process, any identified ‘High Risk’ cases from due diligence or sanction exposure are escalated to DDMS management.
• Ensure that during the process, any identified ‘Politically Exposed Persons or State-Owned Entities are correctly identified and recorded within World Check and escalated within DDMS as appropriate.
• To follow department rules and procedures to ensure that Due Diligence performed and reaffirmed, is in line with the timescales within the company procedures.
• To produce reports or statistics as and when requested.
• Ensure excellent service and compliance using meticulous checking and organisation.
• Advising the business day-to-day as required on policy application and interpretation – e.g. customer due diligence requirements.
• Assist with specific departmental projects as required.
• Adhere to company and regulatory policies, procedures together with mandatory training requirements.

Minimum Requirements:

• Previous experience within a Due Diligence/KYC/Compliance environment, preferably with a Lloyds broker or within Financial Services.
• Knowledge and use of sanction checking software e.g. World Check.
• Experience of the technical tasks listed under key responsibilities & accountabilities.
• Understanding of regulation and legislation requirements.
• Excellent IT skills and ability to pick up new systems quickly.
• Self-motivated.
• Forward thinker and planner; proactive and uses initiative.
• Adapts and responds well to change and pressure.
• Ability to perform effectively to tight deadlines with good personal organisation and time management skills.
• Communicates clearly; effectively contributes to the team and interacts with others.
• Personally demonstrate the five BMS values and ensure that team members are aligned with these:
• Accountable
• Empowering

Seniority level

Associate

Employment type

Full-time

Job function

General Business

Industries

Insurance