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EDD / CDD Officer

Employer
Handelsbanken Plc
Location
Manchester, United Kingdom
Salary
Competitive
Closing date
Mar 10, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Introduction

Main Responsibilities
  • To undertake reviews and risk assessments on both new to bank and existing customers;
  • Ensure internal CDD/EDD requirements are adhered to and be able to clearly breakdown and communicate the instructions where there are gaps in due diligence;
  • Communicate effectively with key stakeholders including CDD/FCP and branch colleagues raising issues from case checking to enable these to be resolved in a timely manner;
  • Ensure work flow management tools are completed fully and accurately to enable data to be extracted for MI reporting purposes
  • Identify any key risks and AML 'red flags' and escalate these accordingly;
  • Review PEP & RCA screening matches and queries - making recommendations to onboard / retain / declassify / exit;
  • Manage customer expectations through effective communication skills
  • Present complex cases to Financial Crime Customer Committee and obtain approval to retain or exit
  • Operate in line with the Bank's Risk Management framework (including sub-frameworks) and relevant risk and compliance policies and procedures, ensuring appropriate and timely escalation of any concerns to their line manager;
  • Perform ad-hoc duties delegated by Team Manager.
Ideal Candidate

Research (by Harvard University) shows that women are particularly likely to second guess themselves and not apply - so if you are worried you don't meet all the criteria, get in touch anyhow and let us do the worrying...
  • Strong understanding and experience of AML/TF, KYC/CDD/EDD, Sanctions within the UK regulatory environment;
  • Ideally, relevant specialist FC qualifications: e.g. ICA Diploma in FCP/AML, ACAMS;
  • A demonstrable excellent knowledge and understanding of complex corporate structures and have the ability to advise on KYC/CDD/EDD requirements both for direct clients and related/associated parties, including the ability to carry out risk assessments and recommendations;
  • Able to demonstrate a thorough understanding and application of simplified, standard and enhanced due diligence;
  • Recognise when to make individual decisions and when there is a need to escalate to a Team Manager and/or second line of defence;
  • Be proactive and collaborative to make relevant changes to policies, procedures and working practices and liaise with second line of defence where relevant;
Company Information

Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.

The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.

Check our Handelsbanken website for further information

At Handelsbanken, we deeply value our unique culture and values including trust in and respect for each individual. We take pride in nurturing a work environment where people flourish, and where they are empowered to take decisions in their areas of expertise. We take a long term perspective in everything we do and want each employee who joins us to build a long terms successful career with the Bank.

What is in it for you?
  • We have a wide range of learning and development available, empowering and enabling our colleagues to take ownership of their own development.
  • Competitive Salary and an extensive range of benefits is provided, including private medical insurance, income protection and life assurance
  • A market-leading pension contribution of 15% paid by the bank, which can be invested in a wide range of funds (including ESG and Shariah funds)
Application next steps

Your journey with us begins once you have submitted your application. One of our Handelsbanken recruiters will be reviewing your details and will later organise a phone conversation if you match the role requirements. If there is a mutual fit, we will extend an invitation for you to participate in an interview.

There will be a two stage interview process with a mix of assessments and interview.

How can we support you to be your best self? Our Talent Acquisition team will be happy to provide support e.g. if you need additional time to prepare for an interview or you have any requirements for any part of the interview/hiring process - just let us know by email uk_talent@careers.handelsbanken.co.uk .

This advert will be live for a minimum of two weeks. However, please note that after the two weeks, the closing date could change at any time depending on the number of responses received.

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