Job Description

Role title: KYC Analyst

Role Type: 6 Month FTC - Hybrid working

Location: London, Edinburgh

At abrdn, our purpose is to enable our clients to be better investors.

Clients worldwide trust us to find future-fit investment opportunities to deliver the outcomes they want. Our technology and insight help empower them to make better decisions, while the powerful partnerships we build help to enhance the expertise that we offer. And by enabling clients to invest responsibly, it helps us to build a better world.

We are currently recruiting KYC Analysts to join us on a 6 Month FTC basis.

Putting our clients at the centre of everything we do applies to all of our practices. We need to ensure that we have a smooth client onboarding, as well as a robust on-going governance, particularly when it comes to client due diligence and management of risk. With a focus on strengthening oversight and control of these activities, as well as transforming our end-to-end approach for Clients, a new Client Risk and Governance team is being created reporting to the Chief Client Officer within Client Group.

Key Accountabilities

The role of KYC Remediation Analyst is part of the Investment Vector First line of defence (1LOD) responsibility for remediating/refreshing reviewing and assuring the accuracy of Anti-Money Laundering (AML) due diligence information gathered as part of client refresh and remediation reviews. The job role will include but not limited to the following activities.

• Provide guidance to the 1LOD with regards to refresh/remediation of client onboarding documentation specifically, Know Your Client (KYC)/AML as well as Enhanced Due Diligence (EDD)/Customer Due Diligence (CDD) related supporting documents.

• Review, prepare clients (whether new on-boarding or remediating) files and provide feedback to the client service team on the quality of the file, whether all required supporting documents have been obtained and whether the customer checklists and risk assessments have been completed accurately and adequately.

• Perform and risk assess screening for all related parties, regarding PEP/Sanctions and adverse media.

• Act as point of contact for the 1LOD KYC/AML team with Financial Crime related matters and ensure the team is up to date with the relevant internal policies and procedures.

• Conduct periodic, and event driven, reviews on High Risk, as well as PEP, accounts by reviewing transactions, ascertain whether further and or new supporting documents are required particularly with regards to source of wealth (SoW)/ source of funds (SoF).

• Provide regular updates on progress on new accounts, periodic reviews, remediation and transaction alerts, in addition to ad hoc updates, to the Head of 1LOD AML

• Escalate money laundering and financial crime suspicions in a timely manner and to the appropriate individuals & departments in the firm

• Ensure up to date knowledge of the regulatory obligations on money laundering and financial crime risks.

• Liaising with Custodians and Transfer agents regarding AML and KYC issues.

About the candidate requirements

To be successful in this role you will need (minimum experience/ requirements)

• Experience of working for a UK/EMEA asset management financial institution

• Strong knowledge of the following:

1 - AML and Financial Crime risks

2 - Transaction alerts investigation

3 - CDD/EDD requirements under client onboarding and remediation

4 - Requirements for Periodic Reviews

5 - Screening and Sanctions process with PEP escalation processes

6 - Production of MI

7- Complex corporate structures

• Strong communication skills as well as the ability to build rapport with internal & external customers

• Ability to operate independently to plan workload, prioritise tasks and deliver to deadlines

• Team player with the ability to work collaboratively with multi-disciplinary teams to deliver agreed outcomes.

• Influences positive outcomes, remains focused on the goal and demonstrates resilience when challenged by others.

We are proud to announce that we have officially become a Disability Confident Committed – Level One employer. Therefore, if you have a disability and would like to submit an application to one of our UK roles under the Disability Confident Scheme, please notify us by completing the relevant section in our candidate questionnaire and one of our team will reach out to support you through your application process.

Our Benefits

There's more to working life than coming home with a good salary. We have an environment where you can learn, get involved and be supported.

When you join us, your reward will be one of the best around, including 40 days annual leave, a 16% employer pension contribution, a discretionary performance-based bonus (where applicable), private healthcare and a range of flexible benefits including gym discounts, season ticket loans and access to an employee discount site amongst many others. You can read more about our benefits here.

We’re committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment. We define diversity in its broadest sense – this includes but is not limited to our diversity of educational and professional backgrounds, experience, cognitive and neurodiversity, age, gender, gender identity, sexual orientation, disability, religion or belief and ethnicity and geographical provenance. We support a culture that values meritocracy, fairness and transparency and welcomes enquiries from everyone.

If you need assistance or an adjustment due to a disability please let us know as part of your application and we will assist.