Job Description Summary

Onboarding/KYC Analyst (Band C role) is a specialist skillset, with requirement to operate within a regulatory environment and balance a number of important tasks:

• Use a range of demanding methodical skills combined with necessary Money Laundering Regulations knowledge to assess applications and on-board within service level agreement.

• Undertaking on-going due diligence for existing commercial clients in line with internal Customer Due Diligence (CDD) standards and within regulatory timelines.

• Conduct periodic reviews and refresh KYC documents of existing client in accordance with their risk banding.

• Identify, review and disposition of all PEP’s, Sanctions and Adverse media at onboarding stage assessing the risks posed to the firm

• Effectively manage KYC inbox; ensuring all emails are responded to.

• Monitor any material changes that may impact the risk status of client files.

• Monitor and report on SARS to internal stakeholders.

• Cognizance, application and mitigation of risk in everyday decisions; and escalating as and when appropriate.

The Successful Onboarding/KYC Analyst Will Have:

• Not mandatory but preferable to have previous experience of Client Onboarding (AML/KYC) gained within financial sector, and understanding of the acquiring markets in which Lloyds Cardnet operate.

• Demonstrate knowledge of AML Compliance laws, rules, regulations and risk.

Job Description

Onboarding/KYC Analyst (Band C role) is a specialist skillset, with requirement to operate within a regulatory environment and balance a number of important tasks:

• Use a range of demanding methodical skills combined with necessary Money Laundering Regulations knowledge to assess applications and on-board within service level agreement.
• Undertaking on-going due diligence for existing commercial clients in line with internal Customer Due Diligence (CDD) standards and within regulatory timelines.
• Conduct periodic reviews and refresh KYC documents of existing client in accordance with their risk banding.
• Identify, review and disposition of all PEP’s, Sanctions and Adverse media at onboarding stage assessing the risks posed to the firm
• Effectively manage KYC inbox; ensuring all emails are responded to.
• Monitor any material changes that may impact the risk status of client files.
• Monitor and report on SARS to internal stakeholders.
• Cognizance, application and mitigation of risk in everyday decisions; and escalating as and when appropriate.

The Successful Onboarding/KYC Analyst Will Have:

• Not mandatory but preferable to have previous experience of Client Onboarding (AML/KYC) gained within financial sector, and understanding of the acquiring markets in which Lloyds Cardnet operate.
• Demonstrate knowledge of AML Compliance laws, rules, regulations and risk.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.