KYC Analyst – Commodity Trading

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Our client is a global agricultural trading company headquartered in London.

The Corporate KYC Analyst role is essential in ensuring the group’s adherence to compliance requirements and industry legislation regarding sanctions. You will work with the business to process requests for due diligence on all new counterparties, intermediaries, and service providers (including vessels).

KEY ACCOUNTABILITIES:

1. Conduct Due Diligence and Know Your Customer (KYC), including AML checks for onboarding new counterparties, and refresh/ongoing monitoring for pre-existing counterparties.
2. Perform screening by reviewing counterparty documentation, trade capture data, and external screening tools, validating the information obtained on the counterparty using a variety of independent research sources.
3. Perform data quality review of KYC requests for completeness, ensuring all appropriate information is contained in the KYC to meet all regulatory, legal, bank, and audit requirements.
4. Execute and review negative media alerts from client screening and escalate where necessary.
5. Understand sanctions risks and AML requirements, documentary red flags, and approaches to mitigate risk during due diligence checks.
6. Perform additional due diligence on high-risk counterparties or where a red flag has been raised.
7. Maintain detailed records on counterparties for second-level review and internal audit/external regulatory inspection.
8. Liaise with counterparties, Front Office, Credit, Legal, and Operations as necessary as part of the KYC process.
9. Support process documentation exercises for all future regulatory changes and process improvements within the scope of KYC/AML.
10. Prepare management information on the number of counterparties screened, timeliness of screening, red flag rates, approval, and rejection rates for the Head of Compliance.
11. Continuously develop knowledge of Sanctions and AML-related regulations.

SKILLS AND EXPERIENCE:

1. Proven experience in a due diligence/KYC/Screening role within commodities – physical trading ESSENTIAL, preferably agricultural soft commodities although other commodities might be considered.
2. Experience of working with industry standard GRC software (such as Lexis Nexis, Refinitiv, Thomson Reuters) and screening tools (Dow Jones, Dun & Bradstreet, BvD) – BENEFICIAL.
3. Excellent communication and interpersonal skills.
4. Analytical mindset with the ability to translate regulatory requirements into practical solutions.