Associate Officer, Onboarding and Review KYC/KYB

Job content

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.Associate Officer, Onboarding and Review KYC/KYBChathamAbout UsLloyd’s is the world’s leading insurance and reinsurance marketplace. Yet the world is changing, and Lloyd’s is changing too – nimbler, faster, and able to offer customers and employees more products, services and insights supported by technology, innovation and the continuing desire to protect people, businesses and communities. Lloyd’s is where you can bring your future to life.The RoleTo support the Manager, Know Your Client (KYC) Onboarding and Review, in delivering an effective, high quality and efficient service that conforms to Lloyd’s compliance arrangements and relevant regulatory framework in respect of Membership of Lloyd’s and associated activities.Responsibilities

• Responsible for activities relating to corporate membership of Lloyd’s including (but not limited to) on-boarding of new, high risk members and third parties, change in controller and converting members. Make recommendations for rejection/approval as appropriate with evidence of decisions
• To undertake high risk Anti Money Laundering (AML) and Enhanced Due Diligence (EDD) investigations in to and analysis of multi-jurisdictional Members and entities, involving a variety of complex corporate structures, such as Trusts, Partnerships and Financial Institutions. Make recommendations to proactively manage those risks.
• Monitoring business relationships with internal intelligence tools and systems
• Provide support to the Manager with the monitoring and reporting of members and third parties to Market Services Financial Crime Manager and escalate suspicious activity from overnight screening and transaction monitoring concerning Politically Exposed Persons (PEPs) and sanctioned entities.
• Reviewing PEP matches, material negative press issues, potential reputational risks, suspicious and unusual cases appropriately for escalation to Financial Crime Management
• Ensure compliance with Lloyd’s Trustee obligations, financial crime and anti-money laundering legislation
• Ensure that effective controls and procedures are present and maintained, thereby mitigating risks to within Lloyd’s acceptable risk appetite levels
• Provide on-going AML/EDD training and support to colleagues and stakeholders as and when required
• Undertake regular reviews of existing procedures and ensure all regulatory guidelines and process improvements and recorded and published.
• Build and maintain strong relationships with all stakeholders to deliver a high level of satisfaction
• Responsibility for monitoring and reporting all outstanding items/queries that require escalating to the Manager.

Skills

• Ability to react to continual changes in market conditions and policies
• Ability to build and maintain stakeholder relationships
• Influencing & negotiating skills
• Ability to support a culture of continuous process improvement
• Ability to use IT to analyse complex data
• Ability to focus on the detail
• Review & evaluation skills
• Ability to interpret legal and regulatory advice & take appropriate practical actions

Knowledge

• Knowledge of relevant UK and International legal & regulatory requirements
• Extensive knowledge of client onboarding requirements and the associated risks to Lloyd’s
• Understanding of the risks and issues that impact on the ability of the team to meet its objectives
• Understanding of business process and systems change tools and best practice principles
• Detailed knowledge of rules relating to membership of Lloyd’s and Lloyd’s trustee obligations
• Knowledge of the Lloyd’s annual business timetable

Experience

• Experience of working in EDD / AML
• Experience of stakeholder management
• Experience of working as part of a multi-process Team with varying fixed deadlines
• Experience and understanding of financial and operational risk
• Experience of working within the rules and regulations of Financial Crime, Anti-Money Laundering and CASS
• Experience of client on-boarding requirements

As the successful candidate, you can expect to be rewarded with a competitive salary, and an enviable range of benefits.Realise your professional ambitions as part of an organisation that is trusted to solve some of the world’s most complex problems in an environment that puts a focus on investing in human progress.Please be aware that the recruitment process will comprise of a number of steps, your CV will be reviewed by our Recruitment team and if successful you will be invited to attend a telephone interview, followed by a more in-depth video interview. We want to make sure we do all we can to make this a really positive experience for you.Please click the following link which will take you through a simple process to identify any adjustments or additional support we can provide beforehand or on the day.https://cleartalents.com/apply/lloyds-atocoart1642502207/Please note, clicking on this link does not register your application for the vacancy, you will need to click on the “apply” button on the top of the advert to complete your application form.Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility.  Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc).  These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.By choosing Lloyd’s, you’ll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.Should you require any additional support with your application, or any adjustments, please click the following link;https://cleartalents.com/apply/lloyds-msa1645695881Please note, clicking on this link does not register your application for the vacancy