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Banking Operations KYC / KYB Analyst

Head Office|Letchworth

We have an exciting new opportunity for a Banking Operations KYC / KYB Analyst to join our fast-paced Banking Operations team.

Redwood’s staff are pivotal in delivering our special customer experience. We are a team of talented individuals who make a genuine difference to the future of business lending and savings.

Our inhouse culture has been carefully cultivated to support curious minds within a collaborative workforce. As a fast-developing Challenger Bank, we are always seeking ambitious, loyal, and dedicated people who have diverse backgrounds, experiences, and skills. 
We have an exciting new opportunity for a Banking Operations KYC / KYB Analyst to join our fast-paced Banking Operations team. Reporting to the Banking Operations Manager, you will be responsible for ensuring adherence to the AML/CTF and KYC procedures of the bank for all Deposit and Loan customers. 

Main Responsibilities of the role include:
•    Assisting with the everyday process of the Operations team relating to account opening for deposit customers, assuring quality, error free CDD and mitigation against risk by adherence to AML/CTF and KYC procedures and the Bank’s good practice
•    Carrying out and analysing KYC checks and the results of client screening on all new deposit and lending accounts
•    Determining the risk category of customers and assisting with relevant due diligence checks (SDD, CDD, EDD)
•    Daily monitoring including managing AML/CTF and customer screening (PEPs, sanctions, adverse media)
•    Conducting financial assessments to determine whether a client’s deposits are in line with their legitimate income, and requesting further information where necessary (Source of funds, source of wealth)
•    Conducting periodic reviews of client accounts and undertaking DD refresh
•    Managing ongoing monitoring of high-risk relationships including with PEPS and those referred by Compliance
•    Managing the escalation of any high-risk customers through the appropriate channels
•    Providing monthly MI relating to the number of customers per risk category and assisting with producing the MI packs
•    Reviewing, overseeing, and continuously improving all first line KYC controls and processes
•    Dealing with customer enquiries and providing back up support and service on banking operations
•    Proactively proposing and providing processing solutions
•    Registering and approving customers to the online banking system
•    General database maintenance.

You will have knowledge of UK Banking activities, products and processes together with Regulatory knowledge applicable to the role. You should also have KYC analytical experience of at least one year. As you will be required to maintain an understanding and awareness of financial crime laws and regulations, a financial crime qualification would be an advantage. 

You will demonstrate initiative when performing the above duties. Accuracy, flexibility and strong team working abilities are essential. 

If you are looking for a career where you will be respected as an individual and valued for the contributions you make, then it is time to join Redwood Bank.

To find out more or to apply for this role, please email your CV and covering note to our HR team.

Send an email to our HR team

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