CDD manager required for a leading UK wealth management firm.
The CDD manager will sit in the 1st line, acting as an escalation point, dealing with complex CDD queries to minimise the traffic going to the financial crime advisory team as much as possible.
Ensure appropriate EDD measures have been taken for High-Risk Clients, and that necessary CDD documentation has been collated following a risk-based approach.
Manage and oversee high-risk clients to confirm the appropriate Enhanced Due Diligence (EDD) measures have been implemented.
Oversee electronic verification searches and client screening across all client types to identify potential Politically Exposed Persons (PEPs) and other red flags as needed. Ensure a clear rationale for risk mitigation measures is adhered to and documented.
Refer any instances of CDD non-compliance to the MLRO, DMLRO, or Head of CDD, and collaborate on determining appropriate actions.
Attend High-Risk Committee meetings to present high-risk clients for senior management approval.
Contribute to internal and external audit and compliance monitoring reviews, and work on enhancements based on findings.
Contribute to the improvement of CDD Onboarding processes and procedures to ensure the team works efficiently and strives for high performance.
Receive information from the DMLRO regarding regulatory changes and apply these changes to working practices.
Oversee team productivity using Management Information (MI) reporting.
Ensure that business-wide CDD training is conducted regularly throughout the year to meet expected AML standards set by the First Line of Defence.
Act as the central point of contact for CDD Onboarding matters.
Provide guidance and training to the CDD team to support risk-based decision-making and the rationale behind conclusions.
Ensure the team achieves positive business and client outcomes while maintaining compliance and aligning with the firm's strategic goals.
Perform any other CDD / AML-related duties as needed.
CDD experience, preferably from the Wealth Management Industry or Private Banking.
Knowledge of FCA rules relating to AML and JMLSG.
Team Management experience (desired, but not essential).
If you are interested in the Financial Crime Manager, please submit your CV. Alternatively, reach out to Elisha Gath-Ghazaani for a confidential conversation.
Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities. If you would like this job advertisement in an alternative format, please contact MERJE directly