Junior Due Diligence Analyst

Compliance Professionals; London; Hybrid; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a Junior Due Diligence Analyst to enhance their compliance team. This role involves verifying due diligence information, assessing risks, and ensuring adherence to regulatory standards. The ideal candidate will have 1-2 years of experience in KYC and CDD, particularly within the insurance or financial services sector. With a hybrid working model, you'll enjoy the flexibility of working from home while contributing to a dynamic team. If you are detail-oriented and passionate about compliance, this opportunity is perfect for you to grow your career in a supportive environment.

Qualifications

• 1-2 years of experience in KYC and CDD within insurance or financial services.
• Familiarity with sanction screening tools and processes.

Responsibilities

• Verify Due Diligence information for account onboarding and reaffirmation.
• Escalate high-risk cases and ensure compliance with procedures.

Skills

KYC (Know Your Customer)

Due Diligence

Risk Assessment

Sanction Screening

Organizational Skills

Education

Bachelor's Degree

Tools

World Check

Job description

THE COMPANY: We are working with a leading Lloyds Broker who are looking for a Junior Due Diligence Analyst to join the team. The firm are based in the city close to Tower Hill Tube Station, operating a hybrid working pattern of 3 days in the office, 2 at home.

THE RESPONSIBILITIES:

1. 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.
2. Ensure that during the process, any identified ‘High Risk’ cases from due diligence or sanction exposure are escalated to DDMS management.
3. 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.
4. To follow department rules and procedures to ensure that Due Diligence performed and reaffirmed, is in line with the timescales within the company procedures.
5. Ensure excellent service and compliance using meticulous checking and organisation.
6. Advising the business day-to-day as required on policy application and interpretation.

EXPERIENCE REQUIRED:

1. 1 – 2 years’ experience within KYC and had focus on CDD within the insurance or financial service space.
2. Understanding of how you would implement the processes and procedures for onboarding clients from varying risk profiles and be able to clearly demonstrate and explain this.
3. Ability to commute to the office 3 days a week.
4. Experience with sanction screening tools.

For further information, please contact Jordan White.