You will provide support to the Operations team with focus on KYC and TOBA maintenance functions supporting the Risk and Compliance team.
Responsibilities:
Support to the Operations team in all activities as required, but not limited to:
MI Reviews and provision of summary reports
Ensuring that the Operations manuals are kept up to date as indicated by the Operations team
Attending meetings as required
Business analysis support and completion of process documentation as required.
Ownership of Intranet Ops folders and ongoing maintenance of content
Supplier and third- party support activities as required
Conduct entity and individual (directors and shareholders), KYC searches and screening to support client onboarding in line with risk- based KYC procedures checks to include: company registration, regulatory status, sanctions, PEPs, adverse media and credit rating
Engage with business, Compliance function and Market Security Committee to run end-to-end KYC process and also ad-hoc KYC checks as and when required
Utilise third party software screening (Dow Jones) and other public sources to obtain information required
Conduct verbal verifications of client, intermediary and market bank account details
Review and track flagged items and liaise with Compliance function to respond back to business
Use KYC screening to perform due diligence reviews and risk assessments on new and existing clients
Ensure processes are in place and kept up to date, in order to report on flagged items and maintain up to date recording of work being undertaken
When KYC screening and management not required, assist Broking Operations tasks such as conducting file reviews and TOBA management
Administer KYC controls across Broking and Broking Operations
Maintain and complete broker questionnaires as and when required.
TOBA maintenance and support. Including and not limited to: business unit focal point for initial requirements. Supplier liaison (as appropriate). Management and maintenance of all TOBA records . Market liaison as required. Ensuring Market Security synergies are maintained as required.
Maintain continual professional development to keep up to date with current and forthcoming laws and regulations
Skills and Experience:
Experience of having worked in financial services, preferably the insurance industry
Knowledge of KYC and related processes
Knowledge of TOBA and legal documentation.
An understanding of FCA regulation as it applies to insurance
Exceptional attention to detail, with an aptitude to forensically use data
Excellent analytical skills
Willingness to take accountability and ownership of tasks and projects
Ability to build internal and external relationships and to collaborate effectively on cross-functional teams (notably Risk & Compliance, Broking Operations and Broking)
Strong drive and resilience under pressure and ability to work independently
Excellent listening, verbal, written and presentation communication skills
Proficient in Microsoft 365 and in particular, excel and PPT
Culture and Conduct:
Role model the Firm’s desired strengths, commitments and culture.
Ensure actions and behaviours are in line with the relevant country/state conduct rules.
