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CDD Monitoring Analyst

  • Location: Lancashire
  • Salary: c.£24,000 + Benefits per year
  • Job Type:Permanent

Posted about 1 month ago

  • Sector: Financial Crime & Fraud
  • Contact: Sam Anderson
  • Contact Email:
  • Contact Phone: 0161 883 2765
  • Expiry Date: 15 May 2024
  • Job Ref: SA/11530B

Our client, a leading Wealth Management firm are looking for a CDD Monitoring Analyst to join the Financial Crime team on a permanent basis. 

As CDD Monitoring Analyst you will be responsible for the ongoing monitoring activities including periodic reviews and ongoing transaction/ payment monitoring.

Role Responsibilities:

  • Work with the CDD Monitoring Manager, with reference to members of the Financial Crime Team where necessary, in the completion of an account periodic review.

  • To perform periodic reviews of existing clients in line with the client’s risk rating. For example, High Risk client reviews are performed annually.

  • To ensure that client due diligence, including a full understanding of a client’s overall wealth and source of fund is held on file, is up to date, accurate and in line with our AML responsibilities.

  • To collect missing information (by writing to clients and/or speaking to Execs) and chasing any requested information. To perform electronic screening refreshes to ensure there are no changes to possible PEP, RCA, Sanctioned and/ or adverse media exposure that may pose a risk to the firm.

  • To perform a review of when a trigger event is received, for example ensuring we have the correct DD on file for change of address/ change of name/ change of ownership etc.

  • To refresh the client risk assessment to ensure that the appropriate level of due diligence has been applied.

  • To perform adhoc AML reviews where escalations have been made from across the business, including AML onboarding following certain trigger events.

  • To seek appropriate management approvals to continue with a business relationship.

  • To ensure that the account structure is correctly documented in Avaloq and that all parties are correctly stored in Avaloq (so as to ensure that they are covered in our overnight screening).

  • To investigate overnight screening alerts to establish if there are any changes to a client status including PEP/ RCA/ Sanctions and/ or adverse media. Where a positive match is identified to escalate to the Senior CDD Manager/ Financial Crime Compliance.

Key Skills & Experience:

  • Working understanding of the FCA requirements on AMLQCF Level 4 Financial Services qualification as a minimum

  • Proficient in Word, Excel and Outlook

  • Good experience of escalating areas of concern or issue in a timely manner

  • Excellent attention to detail.

  • Excellent communication skills, both written and verbal.

  • Good organisational skills.

  • Ability to prioritise workload.

  • Aptitude for number

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.