AML KYC Analyst, Client Assessment Team

Job description

Role: Senior Assistant, Client Assessment Team
Duration: Permanent
Function: Quality and Risk Management (QRM), KPMG Business Services (KBS)
Grade: E2
Working Hours: 09:30 - 17:30
Location: UK, Watford


Background

Our vision is to be the Clear Choice for our clients and the most trusted Firm. This is underpinned by the choice of clients we accept and work with. KPMG undertakes client risk assessments (CRA), including Anti-Money Laundering (AML) Know Your Client (KYC) as part its process for accepting clients.

The Client Assessment Team forms a key part of this process and sits within Q&RM (part of KBS), which is led by the Chief Risk Officer. This team will also have a reporting line into the Money Laundering Reporting Officer (MLRO). KPMG’s Q&RM function is responsible for monitoring the firm’s and its individuals’ compliance with the firm’s professional risk management and quality control policies, procedures and guidance.

The Client Assessment Team is a newly formed team, with both onshore and offshore delivery components and undertakes thorough client risk assessments (CRA) to help KPMG to appropriately identify, document and assess financial, reputational, money laundering and regulatory risks associated with its clients. The CRA will include completion of AML KYC in line with the Money Laundering (Transfer of the Payer) Regulations 2017 and associated industry guidance.

The Role

This role will involve you completing Client Risk Assessments (CRAs) including AML KYC on new and existing clients.
You will review KYC and due diligence information prepared by Level one Analysts and then document and assess the results of checks performed in the CRA. The role will involve writing answers to questions designed to assess whether clients are suitable and meet KPMG’s risk appetite.

You will work as part of one of three sub-teams within the Client Acceptance Team – each with a team leader responsible for delivery, quality control and performance.

Key Responsibilities
The key responsibilities are as follows:

- Reviewing CRAs prepared by the Level one Client Assessment Team and completing the CRA in accordance with existing policies and procedures, within SLAs.
- Applying judgement and assessing current and prospective clients against KPMG’s criteria for assessing clients and risk appetite.
- Completing answers to questions in the CRA in clear, concise and business language ultimately for review by the client Partner or Director.
- Using internal and external AML and research systems/databases to undertake additional research for CRA/AML purposes, as required.
- Reviewing information from research and AML checks, applying judgement to know when to escalate issues of concern to assistant managers, and advising client teams on results and next steps.
- Liaising with client-facing teams in relation to information gathered.
- Developing awareness/familiarity of the relevant firm’s compliance policies and systems that support the CRA procedures.
The Person – Skills, Qualifications and Behaviours

• Two years’ experience working in a CDD / AML role.
• Excellent written communication skills, ability to document answers to CRA questions in clear, concise and business language.
• Working knowledge of the Money Laundering Regulations 2017 and associated industry guidance and how they apply to KPMG.
• Ability to conduct research using AML systems/databases as part of KYC and client due diligence.
• Excellent verbal communication skills, ability to explain risks and issues to team members and management.
• Sound organisational and analytical skills with the ability to prioritise efficiently.
• Willingness to take personal responsibility, pride and accountability for own work.
• Strong team-player who is both supportive and willing to help out to meet business needs.
• Customer-focused approach with a passion for delivering excellence.
• Ability to interpret information and identify issues.
• Ability to work well under pressure.
• Extremely high level of attention to detail is essential.
• Ability to handle sensitive/confidential information appropriately.
• Ability to be proactive and work within a demanding environment where service quality is key.
• The confidence to challenge the status-quo and provide fresh ideas.
• Confident user of Microsoft Office applications and internet-based research tools.
• Prior working experience for a professional services firm and/or understanding of client due diligence and/or KYC procedures are a distinct advantage.